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
Anand Rathi recommends buying ITC and HDFC.
According to Sharmila Joshi of Peerless Securities, one may buy Dabur India with a target of Rs 175 and LIC Housing Finance with a target of Rs 190.
Sharmila Joshi of Peerless Securities advised buying Dabur India with a target price of Rs 175 and LIC Housing Finance with a target price of Rs 190.
Gaurav Ratnaparkhi of Sharekhan seggests buying Idea Cellular with a target of Rs 177 and Jubilant Foodworks with a target of Rs 1150.
Anand Rathi suggests buying Yes Bank with a target of Rs 309-322 and a stop loss at Rs 284.
Shardul Kulkarni of Angel Broking is of the view that one may book profits in Bharti Airtel at around Rs 324-325. He feels Idea Cellular is the best bet among the telecom stocks.
According SP Tulsian of sptulsian.com, one should not buy Tata Steel. "One may prefer Idea Cellular, which has corrected today," he adds.
Manas Jaiswal of manasjaiwal.com suggests buying BHEL with a target of Rs 133 and Apollo Tyres with a target of Rs 69.
Sandeep Singal of Emkay Global Financial Services has a positive view on Bharti Airtel and Idea Cellular.
Sudarshan Sukhani of s2analytics.com recommends buying JSW Steel as the stock is bottoming out with a fairly bullish pattern. He also advised buying Idea Cellular as the stock may move up.
According to Sudarshan Sukhani of s2analytics.com, one may buy Idea Cellular.
Vishal Malkan of malkansview.com recommends selling Idea Cellular September futures with a target of Rs 144 and advises buying Hexaware Technologies with a target of Rs 136.
Sudarshan Sukhani of s2analytics.com recommends buying Idea Cellular and advises avoiding Bharti Airtel and Reliance Communications.
According to Gautam Shah, CMT, VP-Fin Services at JM Financial, one may buy Idea Cellular, Bharti Airtel and Reliance Communications on every dip.
Pritesh Mehta of IIFL feels that there will be more upside in Idea Cellular. "Bharti Airtel can test Rs 325 in the near term," he adds.
Shardul Kulkarni of Angel Broking recommends buying Hero Motocorp with a target of Rs 2070 and United Phosphorous with a target of Rs 161.
According to Vishal Malkan of malkansview.com, one may sell Idea Cellular August future for a target price of Rs 155 and United Spirits August future for a target price of Rs 2,035.
Vishal Malkan of malkansview.com recommends buying Tata Motors (DVR) with a target of Rs 150 and advises selling Idea Cellular August futures for targets of Rs 162.
Pharma and fast moving consumer goods can see some more downside,says Mehraboon Irani. IT looks expensive so one can bet on telecom now.
According to Parag Doctor of Keynote Capital, Idea Cellular may touch Rs 170 on the upside. "The stock was making highs till a couple of weeks back. It has found support at Rs 150-155 levels and not going down below that level," he adds.
According to Sudarshan Sukhani of s2analytics.com, one may buy Idea Cellular as it has got strong support at Rs 150.
Pritesh Mehta of IIFL recommends buying Idea Cellular at around Rs 155-156 and expects it to test Rs 168-170 in a week.
Sudarshan Sukhani of s2analytics.com feels that Idea Cellular may rally to Rs 170. "The stock will be an outperformer whenever a relief rally starts, "he adds.
Ashish Chaturmohta of Fortune Equity Brokers is of the view that Idea Cellular may test Rs 170 in 1-2 weeks." "One may go long in it keeping a stop loss below Rs 155 with a price target of Rs 170.
Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities feels that Idea Cellular may touch Rs 180.