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
Sharmila Joshi of Peerless Securities advised buying IRB Infrastructure with a target price of Rs 103 and Polaris with a target price of Rs 116.
According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, one may hold Idea Cellular for targets of Rs 160-170 that can be easily achievable.
Sudarshan Sukhani of s2analytics.com said he would be a buyer in Reliance Communications, Idea Cellular and Bharti Airtel on dip.
Deustche Bank downgrades Idea Cellular to "hold" from "buy", citing regulatory risks and valuations after the stock outperformed the BSE Sensex over the past six months.
One may buy Idea Cellular as it is a perfect bullish chart, says Sudarshan Sukhani of s2analytics.com.
Amit Dalal of Tata Investment Corporation said he would continue to be invested in Idea Cellular.
One may not buy Idea Cellular at current levels, says SP Tulsian of sptulsian.com.
Vishal Malkan of malkansview.com recommends to sell McDowell Holdings with a stop loss of Rs 2,320 and for targets of Rs 2,275-2,260.
Gautam Sinha Roy of Motilal Oswal Securities likes telecom sector. He expects Idea Cellular to move closer to Rs 160.
Commenting on the recommendations that Foreign Direct Investment (FDI) in telecom be hiked to 100 percent from 74 percent, Rohit Chordia feels it would be make like easier for companies like Vodafone, Unior who have been concerned on who their minority partners should be
According to Sudarshan Sukhani of s2analytics.com, Idea Cellular, Reliance Communications and Bharti Airtel are worth buying opportunities on consolidations.
Sudarshan Sukhani of s2analytics.com is of the view that one should wait for consolidation to go long in telecom stocks.
The overall long-term basis telecom is not a very healthy space to be, the space would underperform with an exception of Idea. One may exit Bharti Airtel around Rs 305, says Ashu Madan, President, Core Client Group of Religare Securities Ltd.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India and Idea Cellular.
Sudarshan Sukhani of s2analytics.com said he would choose Idea Cellular, Reliance Communications and Bharti Airtel for short term.
Shahina Mukadam of Varun Capital recommends buying Puravankara Projects, KPIT Cummins, Karnataka Bank and suggests selling Idea Cellular.
Rajesh Agarwal of Eastern Financiers advised buying Mahindra Group's Mahindra Ugine with a stoploss at Rs 62 and for a target price of Rs 69.
Gaurav Ratnaparkhi of Sharekhan advised buying Kotak Mahindra Bank at current level with stop loss of Rs 735, adding target on the upside from two-three days perspective will be Rs 775.
SP Tulsian of sptulsian.com says one can go long in Reliance Communications for a target of about Rs 112-114 in the near-term.
Sudarshan Sukhani of s2analytics.com feels Idea Cellular is a buying opportunity on every decline.
Gautam Sinha Roy of Motilal Oswal Securities advised investors to stick to Idea Cellular and Oil India as both of these stocks are very high quality stocks where he sees secular growth drivers.
Gautam Sinha Roy of Motilal Oswal Securities advised investors to look at Idea Cellular and Oil India. “If there is a big downfall in the market we don‘t see huge downside risk to these stocks,†Roy added.
Shardul Kulkarni of Angel Broking feels that, Idea Cellular can rally towards Rs 150 if it crosses the levels of Rs 137-138.
Britannia continues to be a buy for midcap investors. Bharti Airtel can be bought from a 12-18 month timeframe, recommends PN Vijay.
One can buy Idea Cellular, says Sudarshan Sukhani of s2analytics.com. "Short-term trader should look to buy strength today or subsequent days till the market remain choppy and Idea is one of the strongest of the stocks," he added.