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
Siddarth Bhamre of Angel Broking recommends going long in Tech Mahindra as the stock may bounce to Rs 501.
Harendra Kumar of Elara Capital recommends buying Infosys and suggests reducing exposure to TCS.
Siddarth Bhamre of Angel Broking is of the view that one may buy Wipro.
Siddarth Bhamre of Angel Broking is of the view that Wipro is a good buy in IT space compared to Infosys and TCS.
Siddarth Bhamre of Angel Broking recommends going long in Wipro with a target of Rs 574.
Madhu Babu of Centrum Broking is of the view that HCL Technologies is the top pick in the tier I IT space and recommends holding Mindtree.
Jai Bala of 1857 Advisors is of the view that IT space looks positive.
TS Harihar of HRBV Client Solutions is of the view that one can go long in HCL Tech.
According to Sudarshan Sukhani of s2analytics.com, one can go long in TCS, Infosys, Wipro and Tech Mahindra.
Parag Thakkar of HDFC Securities is of the view that one can buy IT stocks including Infosys, TCS and Wipro.
Rahul Mohindar of viratechindia.com recommends buying Maruti Suzuki, Jubilant Foodworks and Wipro.
Rahul Mohindar of viratechindia.com is of the view that Wipro may move to Rs 580-600.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro.
Manoj Murlidharan, Head of Derivatives at Religare Securities recommends buying Mindtree and Wipro.
Sahil Kapoor of Edelweiss Financial Services recommends selling Wipro with a target of Rs 500.
Dhiraj Agarwal, Independent Market Expert is of the view that IT stocks look reasonable at these prices and does not see much downside.
Siddarth Bhamre of Angel Broking recommends buying Wipro and Infosys as the IT stocks may head higher.
Anu Jain of IIFL-Private Wealth Management feels that Wipro may dip to Rs 520-510.
Sudarshan Sukhani of s2analytics.com is of the view that IT stocks like Infosys and Wipro are bargain buys for long term.
Siddarth Bhamre of Angel Broking is of the view that one may prefer Infosys and Wipro at lower levels.
Devang Mehta of Anand Rathi Financial Services is of the view that TCS and Wipro are good valuation buys.
Parag Thakkar of HDFC Securities recommends buying Tata Consultancy Services, Wipro and Infosys on dips.
Parag Thakkar of HDFC Securities recommends buying IT stocks on dips and prefers Axis Bank, IndusInd Bank and Kotak Mahindra Bank with a long term view.
Siddarth Bhamre of Angel Broking has a negative view on TCS and HCL Tech but is positive on Wipro and Infosys.
According to Ajay Srivastava, CEO at Dimensions Consulting, one may prefer IT stocks on dips.