Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Prakash Diwan of Altamount Capital Management advises going long in Suzlon Energy for a target price fo Rs 11.90 and Bharat Forge for a target price of Rs 349.
Manav Chopra of Nirmal Bang recommends buying Unitech and Voltas.
Krish Subramanium of Asit C Mehta Investment advises buying Opto Circuits India for a target price of Rs 29.50 and Canara Bank for target of 275.
Siddharth Bhamre of Angel Broking is of the view that one may go long in Unitech Futures as the stock may head to Rs 19.50-20.
SP Tulsian of sptulsian.com recommends going long in DLF and Indiabulls Real Estate on dips.
Kunal Bothra of LKP is of the view that Unitech has support at Rs 15. "If it breaks Rs 15, then it may be seen in single digit price," he adds.
Sudarshan Sukhani of s2analytics.com advises buying Indiabulls Real Estate.
Vishal Malkan of malkanviews.com recommends buying Chambal Fertilisers and Chemicals with a target of Rs 39.25 and Tata Chemicals with a target of Rs 258.
Prakash Diwan of Altamount Capital advises going long in Phoenix Mills with a target price of Rs 234 and Cinemax India with a target price of Rs 280.
SP Tulsian of sptulsian.com has a positive view on Unitech and expecst the stock to touch Rs 23-24 in next 30-45 days.
Manoj Murlidharan of IIFL is of the view that Unitech may touch Rs 18.60.
Saurabh Mittal of Swadeshi Credits recommends buying Britannia Industries with a target of Rs 720 and Geometric with a target of Rs 77.
Aashish Tater of Fortunewizard.com advised buying GVK Power with a target price of Rs 7.40 and IRB Infrastructure with a target price of Rs 65.
Aashish Tater of Fortunewizard.com advises selling Unitech with a target of Rs 16 and Adani Power with a target of Rs 33.20.
Rajesh Agarwal of Eastern Financiers advised buying Dredging Corporation with a target price of Rs 255 and Amara Raja Batteries with a target price of Rs 250.
Shardul Kulkarni of Angel Broking recommends selling Unitech. "One can look at buying individual stocks in the banking space with a 3-5 year perspective," he adds.
Pankaj Jain of Sunteck Wealthmax recommends buying Jet Airways and advises selling Syndicate Bank.
Vishal Malkan of malkansview.com recommended selling Adani Enterprises August future for a target price of Rs 171 and Dish TV August future for a target price of Rs 49.25.
Shardul Kulkarni of Angel Broking recommends buying HDFC near Rs 825 levels. Place a stop loss at Rs 803 and trade bullish for a target of Rs 870 over the next six-eight trading sessions.
According to SP Tulsian of sptulsian.com, one may remain invested in Unitech and look for a level of Rs 22.50-23 with a near-term view of about couple of months.
Aashish Tater of fortunewizard.com recommends to sell Housing Development and Infrastructure with a target of Rs 35 and also advises to sell Jain Irrigation Systems with a target close to Rs 46.50.
Aashish Tater of Fortunewizard.com advises to short HDIL with a target price of Rs 35 and Jain Irrigation with a target price Rs 46.5.
Kunal Bothra of LKP says one should avoid Housing Development and Infrastructure and Unitech from a medium term perspective.
Sudarshan Sukhani of s2analytics.com is upbeat on real estate space, but in case of Unitech, one should avoid, he says.
According to Ashish Chaturmohta, Head Technical & Derivative Research at Fortune Equity Broker DLF and Unitech are looking very weak from current levels.