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
Dilip Bhat of Prabhudas Lilladher is of the view that one may prefer pharma and IT stocks.
Hemen Kapadia of KR Choksey Securities advises selling Divis Laboratories with a target of Rs 1122 and buying Wipro with a target of Rs 499.
SP Tulsian of sptulsian.com is of the view that one may pick IT, pharma and FMCG stocks.
Vikas Khemani of Edelweiss Capital is positive on IT space. "IT and export driven sectors would continue to remain positive and in limelight," he adds.
Parag Thakkar, Head of Sales at HDFC Securities is bullish on IT space. "Once US and Europe demand environment is changing for the positive and if there are continued talks of tapering and all, rupee cannot appreciate significantly," he reasoned.
Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund is overweight on IT, telecom and auto space.
Dhananjay Sinha of Emkay Global Financial Services is overweight on IT and pharmaceuticals space.
Sudarshan Sukhani of s2analytics.com advises to stay away from capital goods and metal space.
Pritesh Mehta of IIFL is of the view that one may buy Wipro on correction as the stock may test Rs 940-950.
Sudarshan Sukhani of s2analytics.com is of the view that one may bet on IT stocks like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies.
Sudarshan Sukhani of s2analytics.com recommends going long on top five IT stocks.
Sudarshan Sukhani of s2analytics.com recommends selling Wipro on minor strength as the stock may head lower.
SP Tulsian of sptulsian.com recommends going long on Wipro with a target of Rs 486 and advises selling NMDC with a target of Rs 133.
Pritesh Mehta of IIFL recommends buying Wipro at current level as the stock may test Rs 560 in the next couple of months.
According to Mayuresh Joshi, VP- Institution of Angel Broking, one may book profits in Wipro.
Dilip Bhat, Joint MD of Prabhudas Lilladher suggests buying Wipro at lower levels.
According to Rajesh Agarwal, Director - Research of Eastern Financiers, one may book profits in Wipro around Rs 500 and advises looking at Tech Mahindra or HCL Technologies within the IT space.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Wipro as the stock may test Rs 700.
Pritesh Mehta of IIFL recommends buying Wipro around Rs 495-500 and feels that the stock may test Rs 600 in 6-7 months.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may pick Wipro and Infosys within the IT space.
Manav Chopra of Nirmal Bang recommends buying Wipro with a target of Rs 535 and Tech Mahindra with a target of Rs 1660.
Prakash Diwan of Altamount Capital advises buying Suzlon Energy with a target price of Rs 7.65 and Hindustan Zinc with a target price of Rs 137.25.
Ajay Bodke of Prabhudas Liladher has a positive view on Wipro and Tech Mahindra.
Pritesh Mehta of IIFL recommends buying Wipro at current levels.
According to Ajay Bodke of Prabhudas Lilladher, one may prefer Infosys and Wipro from largecap IT space. “MindTree, Persistent Systems and Tech Mahindra offer good entry levels with a medium-term perspective,†he adds.