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
Prakash Gaba of prakashgaba.com recommends buying Shriram Transport Finance and advises selling SBI, Titan Company and Wipro.
VK Sharma of HDFC Securities recommends buying Wipro 570, Hexaware Technologies 270 Call and Siemens 1100 Call.
Amit Gupta, Head- Derivatives at ICICIdirect is of the view that one may go long in HDFC Bank and short Nifty.
Rahul Mohindar of viratechindia.com is of the view that one can buy Reliance Industries, Wipro and HDFC.
Prakash Gaba of prakashgaba.com is of the view that SAIL may test Rs 47.50 while Infosys may hit Rs 1,240.
Ashwani Gujral of ashwanigujral.com recommends buying Infosys, Wipro and Eicher Motors and feels that Ambuja Cements may test Rs 255-260.
Krish Subramanyam of Altamount Capital recommends selling Dish TV 77.50 Put.
CNBC-TV18's analysts give you stocks to keep on your radar for trade today: The stocks that are likely to be under pressure are Lupin, Chambal Fertiliser, Tree House Education, United Breweries and Bajaj Auto while the stocks that are likely to gain are Wipro, Pfizer, Spicejet, Eveready, Indian Hume, Tata Motors and Tech Mahindra.
Ashish Kyal of wavesstrategy.com is of the view that one may buy Lupin with a target of Rs 1940.
Rakesh Bansal of RK Global suggests buying Manapparum Finance with a target of Rs 36.
Prakash Gaba of prakashgaba.com recommends going long in Hindustan Unilever and HCL Tech and feels that HDFC Bank and Wipro look good.
Simi Bhaumik of simibhaumik.com recommends selling Wipro and Hindustan Unilever.
Nooresh Merani of Asian Market Securities recommends buying Wipro and Infosys.
Prakash Diwan of prakashdiwan.in has a positive view on Wipro.
Pankaj Sharma, Head-Equities at Equirus Securities is neutral on Wipro with a target of Rs 570.
Shubham Agarwal of Motilal Oswal Securities is of the view that HCL Tech may head lower and test Rs 740.
Rajesh Agarwal of Aum Capital is of the view that one may stay invested in Wipro.
Rahul Mohindar of viratechindia.com advises shorting Wipro with a target of Rs 545.
Prakash Gaba of prakashgaba.com is of the view that one may buy Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com recommends buying TCS and feels that one can stay away from Wipro.
Manas Jaiswal of manasjaiswal.com recommends buying Kotak Mahindra Bank and advises selling Wipro.
Siddarth Bhamre of Angel Broking recommends buying Tata Consultancy Services on dips with a target of Rs 2420.
Bhavin Desai of Motilal Oswal Securities is of the view that one can go long in Tata Elxsi with targte of Rs 2200 and feels that Wipro is one of the better bets in the IT space.
Siddarth Bhamre of Angel Broking recommends going long in Wipro with a target of Rs 602.
According to Siddarth Bhamre of Angel Broking, one may look at Wipro and HCL Technologies from trading perspective with positive bias rather than Infosys.