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
In an interview to CNBC-Tv18, Bhavesh Gandhi of India Infoline shared his reading and outlook on Indian telecom sector and picked his best bets.
According to Kunal Saraogi of Equityrush, one can short Reliance Infrastructure for a target of Rs 705 and advises buying Idea Cellular for a target of Rs 178.
Pankaj Jain, Sunteck Wealthmax advises buying Edelweiss Financial for a target price of Rs 57.75 and NBCC for a target price of Rs 496.
Kunal Saraogi, CEO of Equityrush recommends holding Idea Cellular as the stock may test Rs 180.
Sudarshan Sukhani of s2analytics.com is of the view that one may stay invested in Idea Cellular.
Vishal Kshatriya of Edelweiss suggests buying Colgate Palmolive India with target of Rs 1700 and selling Larsen and Toubro with a target of Rs 1430.
Manas Jaiswal of manasjaiswal.com recommends buying Idea Cellular with a target of Rs 166.
According to Jitendra Panda of Peerless Securities, one can pick Idea Cellular with a target of Rs 170.
Sudarshan Sukhani of s2analytics.com is of the view that short-term trader may exit Idea Cellular on rallies.
Here are the stocks that are likley to show some smart moves and should be on your radar.
Vishal Malkan of malkansview.com is of the view that one may pick Idea Cellular as the stock may touch Rs 150-155.
According to Vishal Malkan of malkansview.com, one may buy Idea Cellular with a target of Rs 138 and advises selling Jain Irrigation Systems with a target of Rs 57.
Dharmesh Kant, Indianivesh Securities advises buying Bank of India for a target price of Rs 190 and Bharat Forge for a target price of Rs 410.
Vikrant Jadeja of Vibrant Trades suggests buying Idea Cellular with a target of Rs 138 and advises selling Mahindra & Mahindra Financial Services with target of Rs 233.
Krish Subramanyam of Asit C Mehta Investment is of the view that one may buy Idea Cellular future and advises selling 135 Call.
Anish Damania of IDFC Securities is of the view that one may buy Bharti Airtel and Idea Cellular at these levels.
SP Tulsian of sptulsian.com is positive on Bharti Airtel and Idea Cellular.
According to Sandeep Shenoy of Anand Rathi Financial Services, one may avoid Bharti Airtel and prefer Idea Cellular.
Sudarshan Sukhani of s2analytics.com recommends selling Idea Cellular as it the weakest telecom stock.
SP Tulsian of sptulsian.com is of the view that one may buy Idea Cellular for a target of Rs 148-150.
C Jayaram of Kotak Mahindra Bank is positive on telecom space.
Rajesh Agarwal of Eastern Financiers advises holding Idea Cellular in the portfolio.
Amit Dalal, ED of Tata Investment Corporation is of the view that one should continue holding Idea Cellular as an investment.
Sandeep Shenoy of Anand Rathi Financial Services is of the view that one should stick to Idea Cellular in the telecom space. "Bharti Airtel is going to be traders or more of a largecap punter stock," he adds.
Phani Sekhar of Angel Broking suggests avoiding Bharti Airtel and Idea Cellular.