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
According to Sudarshan Sukhani of s2analytics.com, one may sell Idea Cellular and Reliance Communications.
Hemen Kapadia, KR Choksey Securities suggests buying Ranbaxy Laboratories with target of Rs 346 and Asian Paints with target of Rs 498.
According to Chandan Taparia of Anand Rathi Financial Services, one may buy Idea Cellular 140 Put with a stoploss of Rs 3.
Sandeep Shenoy, ED-Instt Eq at Anand Rathi Fin Svcs has a positive view on Idea Cellular.
Sudarshan Sukhani of s2analytics.com is of the view that one may short Idea Cellular as the stock may head lower.
Parag Thakkar, Head of Sales at HDFC Securities advises buying telecom stocks on dip.
According to Mehraboon Irani, Principal and Head-Private Client Group Business at Nirmal Bang Securities, Idea has a lot of value in it. He advises putting in incremental money at the moment.
According to Rajeev Agarwal of dynamixresearch.com, one may sell Adani Ports and Special Economic Zone with a target of Rs 132-125 and Grasim Industries with a target of Rs 2460-2350.
Market expert Devang Mehta tells CNBC-TV18's Sumaira Abidi that Sakshi should hold the stock, but shouldn't buy more of it given the valuations and if she wants to play the telecom theme then should buy Idea.
Dipan Mehta, Member at BSE & NSE is positive on Bharti Airtel.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out HDFC Bank, Tata Steel, Infosys, Eicher Motors, HUL, Idea Cellular, Escorts, Jindal Steel & Power, JSW Steel and Zee Entertainment in today's trade.
Vishal Malkan of malkansview.com advises buying Century Textiles or target of Rs 335 and Idea Cellular with a target of Rs 160.
Vishal Malkan of malkansview.com advises buying Adani Power for a target price of Rs 36.5 and Ambuja Cements for a target price of Rs 176.
According to Sudarshan Sukhani of s2analytics.com, one may avoid Idea Cellular.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid telecom stocks.
According to Mehraboon Irani of Nirmal Bang Securities, Idea Cellular is a decent bet at Rs 135-140.
VK Sharma of HDFC Securities recommends buying Idea Cellular 155 Put and selling 140 Put.
Sudarshan Sukhani of s2analytics.com recommends buying UltraTech Cement and advises selling Aditya Birla Nuvo and Idea Cellular.
Sudarshan Sukhani of s2analytics.com recommends selling Bharti Airtel and Idea Cellular and advises avoiding telecom sector.
Manav Chopra of Nirmal Bang recommends buying YES Bank for a target of Rs 362 and Idea Cellular for a target of Rs 174.
Krish Subramanium of Asit C Mehta Investment advises buying Biocon for a target price of Rs 485 and CESC for a target price of Rs 472.
Shrikant Chouhan of Kotak Securities suggests buying Voltas with a target of Rs 110 and Reliance Industries with a target of Rs 905.
Manav Chopra of Nirmal Bang recommends buying Idea Cellular with a target of Rs 169 and Maharashtra Seamless with a target of Rs 202.
Manav Chopra of Nirmal Bang advises buying Idea Cellular for a target price of Rs 169 and Gujarat State Petronet for a target price of Rs 61.
According to Shrikant Chouhan of Kotak Securities, one may sell Jaiprakash Associates with a target of Rs 43-44 and buy Bajaj Auto with a target of Rs 1960.