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 Wipro with a target of Rs 595.
Pritesh Mehta, senior technical analyst of IIFL recommends buying Wipro with a target of Rs 518.
According to Sushil Kedia of CIMB, one may short Ranbaxy Laboratories and banking stocks like Bank of Baroda, Punjab National Bank, State Bank of India and even ICICI Bank.
Nooresh Mirani, AVP Technical of AMSEC Research recommends buying Wipro at current levels as the stock may test Rs 650.
Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities is of the view that one may pick Wipro with a target of Rs 590-600.
According to Hemen Kapadia of KR Choksey Securities, one may sell Tata Steel with a target of Rs 338 and buy Wipro with a target of Rs 568.
SP Tulsian of sptulisan.com has a bullish stance on the real estate space and feels that DLF, Prestige Estate, Brigade Enterprise and Indiabulls Real Estate may give good returns.
Vishal Kshatriya of Edelweiss Financial Services recommends going long in Wipro at around Rs 595-600 with a target of Rs 640.
Dhananjay Sinha, head-institutional research, Emkay Global Financial Services is positive on the IT sector.
SP Tulsian of sptulsian.com has a negative view on metals and PSU banking space and prefers IT, pharma and FMCG sectors.
Nooresh Merani of Analyse India advises buying Sonata Software for a target price of Rs 56 and Godrej Properties for a target price of Rs 185.
Nooresh Merani, Analyse India advises buying Tata Global Beverage for a target price of Rs 148 and Wipro for a target price of Rs 620.
Sandeep Muthangi, VP Research at IIFL Institutional Equities prefers prefer HCL Technologies and Wipro.
Andrew Holland, CEO of Ambit Investment Advisors prefers IT space for the next six months.
Sahil Kapoor of Edelweiss RCM Research is of the view that one may enter Wipro closer to Rs 565.
Aditya Agarwal of Way2wealth suggests buying Maruti Suzuki India with a target of Rs 1755 and selling Indian Oil Corporation with a target of Rs 220.
Amit Gupta of ICICI Direct is positive on Wipro. He advises to pick Wipro at lower levels as the stock may go above Rs 600.
Sudarshan Sukhani of s2analytics.com advises to avoid IT stocks.
Ajay Bodke, head of investment strategy & advisory of Prabhudas Lilladher prefers Infosys, Tech Mahindra and Wipro within the largecap space.
Krishna Kumar Karwa, MD of Emkay Global Financial Services is of the view that one may invest in Infosys, Wipro and HCL Technologies.
Tirthankar Patnaik, EVP - Institutional Sales at Religare Capital Markets is overweight on IT space. "We like Infosys from a fundamental turnaround story, we like TCS from an execution story," he reasoned.
According to Amit Gupta of ICICI Securities, one may buy Wipro and short Nifty.
Top 10 stocks on CNBC-TV18's radar are Reliance Industries, oil marketing cos, United Spirits, Hindustan Zinc, Aurobindo Pharma, Biocon, Sasken, Wipro, Coal India, Reliance Mediaworks.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Piditlite Industries, TCS and Wipro, Oil India , ONGC on the IOC divestment, KRBL, TTK Prestige, OBC and Canara Bank in today‘s trade.
Tirthankar Patnaik of Religare Capital Markets advises to prefer Infosys, HCL Technologies over TCS and Wipro.