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 Gaba of prakashgaba.com is of the view that one can buy BEML, ONGC and Petronet LNG and sell Idea Cellular.
VK Sharma, Head-Private Broking & Wealth Management at HDFC Securities is of the view that one can buy Tata Comm, UltraTech Cement, Petronet LNG and Hero Moto and sell Idea Cellular.
Citi has a sell rating on TCS and slashed target price to Rs 2155 per share from Rs 2315 per share. It has also lowered FY17/18 EPS estimate by 1/2 percent. It says demand outlook remains challenged with multiple headwinds.
According to Sandeep Wagle of powermywealth.com, one can sell Colgate Palmolive, Idea Cellular and ICICI Bank.
CLSA cuts FY17-FY19 profit estimate of Bharti Airtel by 4-17 percent to factor in spectrum spend, which may impact debt. It maintains buy with revised target of Rs 393 per share.
Here are top stock picks from auto, telecom and oil & gas space. CLSA upgrades Tata Steel to buy from sell with target price of Rs 500 and upgrades JSW Steel to buy from sell with target price at Rs 2400 per share.
AK Prabhakar of IDBI Capital is of the view that one may stay invested in Idea Cellular.
Prakash Gaba of prakashgaba.com advises exiting Idea Cellular.
Ashwani Gujral of ashwanigujral.com suggests selling Idea Cellular , BEML, Granules India, DLF and Jubilant Foodworks.
Gaurav Bissa of LKP Securities is of the view that one may go long in Apollo Hospitals Enterprises.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Tata Motors, Mahindra and Mahindra, Prism Cement and Idea Cellular.
Morgan Stanley has slashed target price of Idea Cellular to Rs 70 from Rs 89 earlier as it believes the share price will fall relative to the country index over the next 60 days.
Sudarshan Sukhani of s2analytics.com is of the view that one ay short Ashok Leyland, HDIL and Idea Cellular.
Morgan Stanley prefers Axis Bank structurally over ICICI Bank. It expects Axis Bank to earn 400-500 basis points higher ROE than ICICI Bank. It says ICICI Bank should book capital gain of Rs 5700 crore in Q2.
According to Shahina Mukadam, Independent Market Expert, one may hold Idea Cellular.
Prakash Gaba of prakashgaba.com is of the view that Ceat, and Colgate look good while recommends selling sell Idea Cellular.
Deven Choksey, MD at KRChoksey Investment Managers is of the view that one can stay away from the telecom space.
Citi expects Bharti Airtel's operating metrics to improve Q4 onwards. It has revised target price Of Bharti Airtel to Rs 360 from Rs 415 per share. It has also revise target price of Idea to Rs 70 from Rs 91 per share.
Credit Suisse maintains underperform rating on Idea with target price at Rs 80 per share. It feels merger with Vodafone merger will not be an easy one as both companies are highly leveraged. It adds that any potential merger will have to wait for auction to complete.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared his view on news Vodafone and Idea are in 'exploratory' talks for a merger. He also shared his views on other stocks like Indo Count, HPCL, Bharat Forge, among others.
Sudarshan Sukhani of s2analytics.com recommends buying Sun TV but feels that one can avoid Idea Cellular and Bharti Infratel.
Rahul Mohindar of viratechindia.com recommends selling Idea Cellular and Canara Bank.
Mitesh Thacker of miteshthacker.com recommends selling HDFC and Godrej Consumer and advises buying ONGC and DLF.
In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
Here are brokerage firms views on six stocks. Motilal downgrades Hero MotoCorp to neutral from buy given rich valuations. Target for the stock is at Rs 3666 per share. It says volume growth drives revenue as adverse mix dragged realisations.