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 Sandeep Shenoy of Anand Rathi Financial Services, Voltas may see profit taking in the short term.
SP Tulsian of sptulsian.com feels that Voltas may test Rs 130. "It is a debt free company and it is doing well on the performance also," he adds.
Nooresh Mirani of Analyse India advises buying Sun Pharma for a target price of Rs 620 and Jyoti Structures for a target price of Rs 35.
Vikrant Jadeja of Vibrant Trades advises buying United Breweries with a target of Rs 800 and selling Shriram Transport Finance Corporation with a target of Rs 636.
Sudarshan Sukhani of s2analytics.com recommends buying Voltas and YES Bank.
Ambareesh Baliga of Edelweiss Financial Services is of the view that Voltas may touch Rs 140-145.
According to Kunal Bothra of LKP, one may buy Voltas on dips. "I will place six months to one year target anywhere close to Rs 140-150," he adds.
Prakash Diwan of Altamount Capital Management recommends going long in UCO Bank with a target of Rs 79.50 and GIC Housing Finance with a target of Rs 108.50.
Prakash Diwan of Altamount Capital Management recommends buying Voltas with a target of Rs 117.90 and UCO Bank with a target of Rs 79.50.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Voltas on any minor dip.
Ambareesh Baliga of Edelweiss Financial Services recommends buying Crompton Greaves and Voltas.
According to Sudarshan Sukhani of s2analytics.com, one may short Voltas and Crompton Greaves.
According to Gautam Chhaochharia, Head of India Research of UBS Securities, one may prefer Voltas and Carborundum Universal from the midcap space.
SP Tulsian of sptulsian.com recommends going long in Voltas with a target of Rs 125 and advises selling Bank of India with a target of Rs 215.
Manav Chopra of Nirmal Bang advises buying Dish TV for a target price of 63 and Jubilant Foodworks for a target price of Rs 1,390.
Gautam Chhaochharia, Head of India Research at UBS Securities says he likes Voltas from capital goods industrial space. He also recommends Carborundum Universal and Blue Star in the midcap space.
SP Tulsian of sptulsian.com is of the view that one may exit Voltas at current level. He expects some profit booking in the stock as it rallied in last few weeks.
Sahil Kapoor of Edelweiss RCM Research is of the view that one may enter Crompton Greaves at around Rs 122-123.
Sanju Verma, Group CEO of Violet Arch Capital is cautious on capital goods space. She feels Voltas looks like an expensive stock at the current price.
Manish Sonthalia of Motilal Oswal AMC recommends buying Eicher Motors at current level. "One may also buy Voltas as the stock may move higher," he adds.
Krishna Kumar Karwa, MD at Emkay Global Financial Services is of the view that Blue Star and Voltas should offer decent return to investors.
Deven Choksey of KR Choksey is of the view that one may pick Voltas and Crompton Greaves on dip.
Shardul Kulkarni of Angel Broking is of the view that one may buy Larsen and Toubro on declines and advises avoiding Bharat heavy Electricals.
Abhinav Sharma, analyst, HDFC Securities, says the rating downgrade is due to the strong headwinds the company is likely to face. Sharma also believes the current valuation of Rs 210 is on the higher side and the broking firm won‘t buy the shares anytime soon.
Abhinav Sharma, analyst at HDFC Securities has downgraded the Voltas to neutral. He sees downside for the stock from current levels.