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
Vishal Malkan, CMT at malkansview.com advises buying Wipro above Rs 500 and it can move to Rs 650-700. “One can even prefer Tech Mahindra over Wipro,†he adds.
Phani Sekhar, Fund Manager at Angel Broking advises to prefer Tech Mahindra over Wipro. "Wipro will take another 3-4 quarters to show some kind of turnaround," he adds.
Kunal Bothra of LKP is of the view that Wipro may test Rs 502-505 in the next 3-5 days. "Wipro has formed a very good pennant formation on the hourly charts and on the daily charts as well," he adds.
According to Sudarshan Sukhani of s2analytics.com, one may buy Wipro on correction.
Amisha Vora of Prabhudas Lilladher is of the view that one may pick Tech Mahindra, Wipro, Hero Motocorp, Larsen and Toubro (L&T), ICICI Bank and ING Vysya Bank.
Shardul Kulkarni of Angel Broking suggests buying Tech Mahindra and TCS. "Tech Mahindra can move towards Rs 1420-1440 levels," he adds.
Manoj Murlidharan Vayalar of IIFL recommends buying Kotak Mahindra Bank, ICICI Bank and Oriental Bank of Commerce from the banking sector.
SP Tulsian of sptulsian.com has been keeping his cautious stance on IT stocks. According to him, one can book profits in Wipro as it is the weakest among IT stocks.
Shardul Kulkarni of Angel Broking suggests buying Bajaj Auto with a target of Rs 1840 and KPIT Cummins Infosystems with a target of Rs 145.
The country's third largest software services provider Wipro will replace Reliance Infrastructure in Nifty with effect from September 27. Wipro was excluded from the Nifty on April 1 due to demerger of non-IT business into a separate company Wipro Enterprises.
Shardul Kulkarni of Angel Broking suggests buying MRF with a target at Rs 14000 and NMDC with a target at Rs 130.
Sudarshan Sukhani of s2analytics.com is of the view that short term trader may buy Wipro as it may head higher.
Rahul Singh, Head of Equity Research of Standard Chartered Securities says that Tech Mahindra, Wipro, MindTree and HCL Technologies are top picks.
Shardul Kulkarni of Angel Broking recommends selling Wipro with a target of Rs 405. "The stock may move to Rs 405-410 in the next 6-8 days," he adds.
Sudarshan Sukhani of s2analytics.com recommends buying Wipro.
According to Amit Gupta, Head-Derivatives at ICICI Direct, one may buy Wipro on dips with a target of Rs 470. "One can keep a stop loss below Rs 410," he adds.
Rakesh Tarway Of Motilal Oswal Securities is positive on Wipro and Ipca Laboratories.
Amit Gupta of ICICI Direct feels that Wipro can move to Rs 455-460.
One may buy SpiceJet for a target of Rs 28.50 and stop loss of Rs 26.70. This could be a very good bet from short-term perspective, says Aashish Tater of Fortunewizard.com.
Vishal Malkan of malkansview.com recommended selling Adani Enterprises August future for a target price of Rs 171 and Dish TV August future for a target price of Rs 49.25.
According to Dilip Bhat, Joint MD of Prabhudas Lilladher, one may invest in Wipro on a long term basis.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may see more upside in Wipro and Tech Mahindra.
One can buy Wipro, Tata Consultancy Services (TCS), Infosys and Tech Mahindra on dip, says Sudarshan Sukhani of s2analytics.com.
Manoj Murlidharan Vayalar of IIFL is of the opinion that one may sell Wipro as the stock may correct another 4-5 percent.
According to Sudarshan Sukhani of s2analytics.com one may buy Wipro as the stock has been consolidating after big declines and was breaking out of that consolidation.