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
SP Tulsian of sptulsian.com feels that Wockhardt may go above Rs 1000 in next 18-24 months.
Arvind Bothra, vice president of institutional research at Religare Capital Markets is cautious on Ranbaxy because the earnings visibility is very low and believes that the expectations of a turnaround in the US business etc are seemingly priced-in the stock.
Dilip Bhat of Prabhudas Lilladher is of the view that one may look at buying Wockhardt.
Rahul Mohindar of viratechindia.com is of the view that Wockhardt may rise by 12-15 percent in the next one month.
According to Shardul Kulkarni of Angel Broking, one may see Wockhardt falling towards Rs 340-360 levels.
Sudarshan Sukhani of s2analytics.com has a bearish stance on Wockhardt. "This is not a buy on dips opportunity, it is something much worse," he adds.
Mayuresh Joshi of Angel Broking advises selling Wockhardt on rallies.
Ambareesh Baliga of Edelweiss Financial Services advises to prefer Sun Pharmaceutical Industries, Dr Reddys Laboratories and Lupin from the pharma space.
Nitin Jain of Edelweiss Securities is of the view that one may avoid Wockhardt.
Sudarshan Sukhani of s2analytics.com recommends exiting Wockhardt and advises switching to Lupin or Dr Reddys Laboratories.
According to SP Tulsian of sptulsian.com, Wockhardt may trade in the range of Rs 500 and may face resistance at 580-590.
Vishal Malkan, CMT at www.malkansview.com is of the view that one may hold Wockhardt with a target of Rs 700.
Phani Sekhar, Fund Manager at Angel Broking suggests holding Wockhardt.
Mayuresh Joshi of Angel Broking is of the view that one may exit Wockhardt on rallies.
SP Tulsian of sptulsian.com is of the view that Wockhardt may stabilise at around a level of Rs 500.
According to SP Tulsian of sptulsian.com, Lupin may touch Rs 885-890. “The company received the USFDA approval for launch of the generic version of the Sanofi‘s Ambien, which is for curing of insomnia and it has USD 400 million markets,†he adds.
SP Tulsian of sptulsian.com is of the view that Wockhardt can correct to a level of Rs 600 in the near term; in the next one week or so wherein one should look to buy it.
Shardul Kulkarni of Angel Broking is of the view that Wockhardt may test Rs 550-525 if the stock falls below Rs 645. "One may place stoploss at Rs 645," he adds.
Sharmila Joshi of Peerless Securities recommends buying Wockhardt with a target of Rs 470 and advises selling Voltas with a stop loss at Rs 70.70.
Prakash Diwan of Altamount Capital Management advised buying Jet Airways with a target price of Rs 328.50 and Hexaware Technologies with a target price of Rs 124.90.
According to SP Tulsian of sptulsian.com, one may pick Wockhardt.
According to Shardul Kulkarni of Angel Broking, one may hold on to Wockhardt till Rs 750 and then book profits.
Mayuresh Joshi, VP Institution of Angel Broking is of the view that one may sell Wockhardt and look at Lupin or Dr Reddys Laboratories which posted a good set of numbers within the pharma space.
if one is looking for short to medium-term one should exit Wockhardt, says Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities.
Rakesh Arora, HOR, India at Macquarie Capital Securities recommends to stay away from Wockhardt.