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
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Cummins India and L&T Finance Holdings and can buy Ashok Leyland, Hexaware Technologies, Dalmia Bharat and Bata India.
Rakesh Bansal of RK Global is of the view that one may buy M&M Finance with a target of Rs 447.
Vishvesh Chauhan of Monarch Networth Capital suggests buying BHEL with a target of Rs 145.
Ashwani Gujral of ashwanigujral.com recommends buying ITC, Avanti Feeds and Vakrangee.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy LIC Housing Finance, SREI Infra and Vakrangee.
According to Shahina Mukadam, Independent Market Expert, one may hold Vakrangee.
Sandeep Wagle of powermywealth.com is of the view that one may book some profits in Vakrangee at around Rs 300-310.
SP Tulsian of sptulsian.com expresses his concerns over the white goods space and spells out the negatives of the recently listed Sheela Foam. He also talks about Bajaj Finance, Pidilite and Asian Paints.
Rakesh Bansal of RK Global is of the view that one may buy Vakrangee with a target of Rs 284.
Sameet Chavan of Angel Broking is of the view that one may buy JSW Steel with a target of Rs 1750.
Mitesh Thacker of miteshthacker.com recommends buying IIFL Holdings, Divis Lab and Vakrangee.
Jay Thakkar of Sharekhan is of the view that one may sell Apollo Hospitals with a target of Rs 1269.50.
Ashish Kyal of Waves Strategy Advisors advises buying Pricol with a target of Rs 132.
According to Gaurang Shah of Geojit BNP Paribas, one may buy ICICI Bank.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today. We have IDBI, Granules, BPCL, HPCL, IOC, Axis Bank, Coal India, Tata Power, NTPC, Glenmark Pharma, Britannia and Vakrangee.
SP Tulsian of sptulsian.com has a positive view on automobile stocks and feels that Vakrangee may hit Rs 245.
SP Tulsian of sptulsian.com is of the view that Vakrangee may test Rs 200.
Sudarshan Sukhani of s2analytics.com advises buying Vakrangee.
CA Rudramurthy of Vachana Investments is of the view that one may sell Jubilant Foodworks with a target of Rs 1333.
Manav Chopra of Networth Stock Broking
Avinnash Gorakssakar of Precision Investment Services advises buying Jubilant Foodworks with a target of Rs 1930.
Kunal Bothra of LKP Securities is of the view that Vakrangee may touch Rs 180.
Manav Chopra of Networth Stock Broking recommends buying Vakrangee as the stock may test Rs 170.
SP Tulsian of sptulsian.com is of the view that Vakrangee Software has target of Rs 90 in next six months.
SP Tulsian is bullish on Dena Bank and Vakrangee Softwares and expects these two stocks to yield multi-fold returns going ahead.