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 is of the view that one may create long positions in Wipro on dips.
Devang Mehta of Anand Rathi Financial Services recommends holding HCL Tech. "One may buy Wipro which is the top pick from the IT space," he adds.
Chandan Taparia of Anand Rathi recommends buying Wipro with a target of Rs 685 and ITC with a target of Rs 385.
Sahil Kapoor of Edelweiss Financial Services is of the view that one may buy stronger IT names like Wipro on dips.
Kunal Saraogi of Equityrush feels that Wipro may go to Rs 630.
R Venkatraman, MD at IIFL is of the view that one may look at Tech Mahindra.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra and Wipro.
Gaurav Bissa of LKP Securities recommends buying Godrej Industries, PTC India and Wipro.
Pritesh Mehta of IIFL is of the view that above Rs 605, Wipro may rise by 4-5 percent.
Sudarshan Sukhani of s2analytics.com recommends buying Wipro, Just Dial and Lupin.
Vishal Malkan, CMT at malkansview.com is of the view that one may prefer Tech Mahindra over Wipro.
Dhananjay Sinha, Head - Institutional Research, Emkay Global Financial Services is of the view that Infosys, TCS and Wipro are the top picks.
Here are top 10 stocks to focus on January 19 - Reliance Industries, IOC, Axis Bank, Prestige Estates, Wipro, M&M Financials, Oberoi Realty, Symphony, V-Guard and Sesa Sterlite.
Anuj Jain, Director – Equities at IIFL Private Wealth Management is of the view that Wipro may rise by couple of percentage points.
Kunal Saraogi, CEO at Equityrush is of the view that one may short Wipro and Infosys.
Kunal Saraogi, CEO at Equityrush recommends selling Reliance Capital and Wipro.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy IT stocks.
Dipan Mehta, Member at BSE & NSE is of the view that one may prefer pharma stocks.
Ajay Bagga of OPC Asset Solutions is of the view that one may prefer IT stocks.
Sandeep Shenoy of Pioneer Investcorp is of the view that one may buy IT stocks on declines.
Rahul Mohindar of viratechindia.com recommends buying IndusInd Bank as well as Canara Bank and advises selling Wipro.
Sashi Krishnan, CIO at Birla Sun Life Insurance is positive on export driven IT companies.
Amit Gupta of ICICIdirect is of the view that one can buy Wipro from the current level.
Lalit Nambiar, Fund Manager at UTI Mutual Fund recommends staying invested in IT space.