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 Manas Jaiswal, Technical Analyst at manasjaiswal.com, one may buy Idea Cellular with a target of Rs 170 and Essar Oil with a target of Rs 60.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid telecom stocks.
Jigar Shah of Kim Eng Securities is positive on Idea Cellular and Bharti Airtel. He advises buying both stocks.
Dipan Mehta, Member of BSE & NSE advises to prefer Idea Cellular and Bharti Airtel.
Vikas Khemani, President, Co-Head Wholesale Capital Markets at Edelweiss Capital is positive on telecom space. He likes Bharti Airtel and Idea Cellular.
Hemen Kapadia of KR Choksey Securities recommends buying Bharti Airtel and Tata Communications on dips with a long term view.
Sudarshan Sukhani of s2analytics.com is of the view that one may see lower levels in Idea Cellular and Bharti Airtel.
SP Tulsian of sptulsian.com advises to stay invested in Bharti Airtel till Rs 350-355. "One should hold till Rs 350 and then look to move to other telecom stocks," he adds.
Sudarshan Sukhani of s2analytics.com is of the view that Idea Cellular may test Rs 300 in the next three-years.
According to Meghna Malkan of malkansview.com, one may buy Ashok Leyland with a target of Rs 17 and Housing Development and Infrastructure with a target of Rs 52.30.
Nooresh Merani of AMSEC Research recommends buying Rallis India with a target of Rs 185 and Biocon with a target of Rs 400.
According to Dipan Mehta, member of BSE and NSE, one may pick Idea Cellular within the telecom space.
Pritesh Mehta, senior technical analyst at IIFL recommends buying Idea Cellular.
Sudarshan Sukhani of s2analytics.com recommends selling Idea Cellular as the stock may move downwards.
Ashish Chaturmohta of Fortune Equity Broker recommends going long in Idea Cellular as the stock may touch Rs 190-192.
Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund is overweight on IT, telecom and auto space.
Vishal Malkan of malkansview.com recommends buying Arvind with a target of Rs 128 and Idea Cellular with a target of Rs 170.
Lancelot D Cunha of ITI Wealth Management advises buying Glenmark Pharma for a target price of Rs 504.90 and SKS Microfinance for a target price of Rs 150.
Gaurav Ratnaparkhi of Sharekhan advises buying Hindalco Industries with a target of Rs 123 and Lupin with a target of Rs 915.
Sudarshan Sukhani of s2analytics.com is of the view that one may pick Reliance Communications, Idea Cellular and Bharti Airtel.
Sanjay Chawla of JM Financial prefers Bharti Airtel and Idea Cellular within the telecom space.
In an interview to CNBC-TV18, Sanjay Chawla of JM Financial spoke about the current environment in the telecom space and a few telcom stocks like Bharti Airtel, Idea Cellular
Vishal Kshatriya of Edelweiss suggests buying Zee Entertainment Enterprises with a target of Rs 300 and sell Axis Bank with a target of Rs 980.
According to Shahina Mukadam of Varun Capital, one may sell Arvind with a target of Rs 103 and Indraprastha Gas with a target of Rs 277.
Suresh Mahadevan, Head-Asia Telecom at UBS AG feels that Idea Cellular and Bharti Airtel are likely to do well over the next two-three years.