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
Pritesh Mehta - Senior Technical Analyst at IIFL recommends buying Wockhardt as the stock may test Rs 920.
Kunal Saraogi of Equityrush recommends going long in Wockhardt with a target of Rs 875-880.
AK Prabharkar, Independent Advisor recommends buying Wockhardt for a target price of Rs 885 and NRB Bearings for a target price of Rs 138.
AK Prabharkar, Independent Advisor recommends buying Petronet LNG for a target price of Rs 216 and Reliance Capital for a target price of Rs 575.
Here are top 10 stocks to keep an eye on November 20 - Axis Bank, Wockhardt, DLF, Ranbaxy, Alok Industries, Kotak Mahindra Bank, ING Vysya, Hindalco, Jindal Steel and Pennar Industries.
According to Sudarshan Sukhani of s2analytics.com, one can buy Wockhardt.
Here are top 10 stocks to watch on November 5 - JSPL, Thermax, Aban, IOB, Greaves Cotton, Guj Pipavav, Peninsula Land, Hitachi Home, Wockhardt and Torrent Power.
Pankaj Jain of Sunteck Wealthmax recommends buying Wockhardt for a target price of Rs 809 and Pennar Industries for a target price of Rs 64.
AK Prabharkar, Independent Advisor advises buying Sadbhav Engineering for a target price of Rs 243 and Sail for a target price of Rs 92.
Wockhardt is a daily breakout from a triangular pattern and it is a mini wedge pattern also, so technically Wockhardt is looking good for 8-10 percent up-move in the next one to two weeks, says AK Prabhakar, Independent Advisor.
AK Prabharkar, Independent Advisor advises buying Union Bank of India for a target price of Rs 255 and Mahindra & Mahindra Financial Services for a target price of Rs 315.
Market Expert, Ambareesh Baliga is of the view that Wockhardt may test Rs 890 in the near term.
Vishal Jajoo of Nirmal Bang Securities recommends buying Amtek India with a target of Rs 101 and Wockhardt with a target of Rs 748.
Vishal Jajoo, Nirmal Bang Securities advises buying Kopran for a target price of Rs 65.50 and Jaiprakash Associates for a target price of Rs 55.75.
Sharmila Joshi of sharmilajoshi.com feels that Wockhardt may test Rs 710.
Akshata Deshmukh, Networth Capital advises buying Jain Irrigation for a target price of Rs 62.25 and Dena Bank for a target price of Rs 55.90.
Dipan Mehta, Member of BSE & NSE is positive on pharma companies with a medium to long term perspective.
Lancelot D Cunha, ITI Wealth Management advises buying TV Today for a target price of Rs 124 and Amara Raja Batteries for a target price of Rs 389.
According to Aditya Agarwal of Way2wealth, one may buy Wockhardt with a target of Rs 465 and Dabur India with a target of Rs 176.
Prakash Diwanof Altamount Capital Management is of the view that one may exit Wockhardt. He advises to look into Jubilant Life Sciences, Cadilla Healthcare and Ipca Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that Wockhardt may test Rs 500.
According to Gopi Suvanam of Investworks, one may avoid Ranbaxy Laboratories and Sun Pharmaceutical Industries.
Sharmila Joshi of sharmilajoshi.com recommends buying GVK Power & Infrastructure with a target of Rs 9.90 and Arvind with a target of Rs 160.
Sharmila Joshi of sharmilajoshi.com advises buying Sintex Industries for a target price of Rs 41.50 and Wockhardt for a target price of Rs 458.
Pritesh Mehta of IIFL recommends holding on to Wockhardt and advises exiting the stock at around Rs 500.