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
Dipen Shah, Senior Vice President & Head - PCG Research at Kotak Securities is positive on Infosys, Tata Consultancy Services, Wipro, HCL Technologies and NIIT Technologies.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Wipro, HDFC and short Reliance Infrastructure.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy IT and pharma stocks.
Sudarshan Sukhani of s2analytics.com advises avoiding IT stocks for next two days.
According to Manas Jaiswal, Technical Analyst at manasjaiswal.com, one may buy Idea Cellular with a target of Rs 170 and Essar Oil with a target of Rs 60.
Krish Subramanyam of Asit C Mehta Investment recommends buying Wipro 550 strike Call at around Rs 24 for a target of Rs 38-40.
Amit Rathi of Anand Rathi Financial Services is of the view that one may stick to technology and pharmaceuticals space.
Ramesh Damani, member of BSE is of the view that IT and pharma are the good sectors to be in.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one may prefer Wipro, Infosys, KPIT Technologies and MindTree in the IT space.
Gaurav Ratnaparkhi of Sharekhan suggests selling Tata Motors with a target of Rs 362 and Wipro with a target of Rs 532.
Sudarshan Sukhani of s2analytics.com advises buying Wipro.
Vishal Malkan, CMT advises buying CESC with a target of Rs 472-480 and Wipro with a target of Rs 570-580.
According to Jagannadham Thunuguntla of SMC Global Securities, Wipro may touch Rs 700 and feels that Cairn India may move upto Rs 400-450.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that Wipro is a good bet for investment.
Ankur Rudra, vice president of institutional equities of Ambit Capital advises selling Wipro. "Our preference is Wipro over Infosys," he adds.
Navneet Daga of KR Choksey Securities recommends going long in Wipro on January Futures with a target of Rs 575 and a stoploss at Rs 536.
According to Deven Choksey, MD of KR Choksey Shares and Securities, one can prefer HCL Technologies and KPIT Technologies within the IT space and Glenmark Pharma and Cipla from pharma space.
Dilip Bhat of Prabhudas Lilladher is upbeat on Wipro.
Mayuresh Joshi of Angel Broking is of the view that Wipro may test Rs 550-560 in the short term.
Rajeev Agarwal of dynamixresearch.in advises selling Reliance Power with target of Rs 67-64 and Reliance Infrastructure with a target of Rs 405-385.
Pritesh Mehta of IIFL is of the view that Wipro may test Rs 545.
Ashish Chaturmohta of Fortune Equity Broker is of the view that one may go long in Wipro for a target of Rs 545-550 and stoploss of Rs 510.
Vikrant Jadeja of Vibrant Trades advises buying Apollo Hospitals Enterprises with target of Rs 880 and CESC with a target of Rs 420.
Rahul Chadha, Co-Chief Investment Officer at Mirae Asset Global Investment Hong Kong is overweight on IT space.
Navneet Daga of KR Choksey Securities recommends buying Wipro at current levels as the stock may test Rs 540.