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
Rajesh Agarwal of AUM Capital recommends buying Havells India, Tata Motors and State Bank of India.
The index has a string of resistances placed between 10,700 and 10,800 levels which could act as a crucial resistance level in the May series. Hence, technical experts advice investors to remain stock specific as trading in benchmark indices could turn rangebound.
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 512 and target at Rs 533 and Tata Chemicals with stop loss at Rs 760 and target at Rs 790.
“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
"We advocate traders to buy the stock at the current level of Rs 795 with a price target of Rs 900 and a stop loss placed below Rs 750," says Aditya Agarwal,Head Technical Research at Way2Wealth Brokers.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
Here is a list of top 10 stock ideas from different experts which can offer up to 22% return in the next 30 days.
Prakash Gaba of prakashgaba.com recommends buying Wockhardt with target at Rs 840 and stop loss at Rs 770 while he has a sell on Bank of India with target at Rs 96 and stop loss at Rs 108.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ajanta Pharma and Tech Mahindra and can sell BEML, CESC and India Cements.
Ruchit Jain of Angel Broking is of the view that one may buy Glenmark Pharma with a target of Rs 585.
Ashwani Gujral of ashwanigujral.com recommends selling Union Bank of India with a stop loss of Rs 100, target of Rs 88, Bank of India with a stop loss of Rs 106, target of Rs 94, Canara Bank with a stop loss of Rs 272, target of Rs 258 and ICICI Bank with a stop loss of Rs 300, target of Rs 285.
Sameet Chavan of Angel Broking suggests buying MCX India with a target of Rs 855.
Rajat Bose of rajatkbose.com is of the view that one may exit Wockhardt.
Vijay Chopra of enochventures.com is of the view that one may prefer Sun Pharma.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Adani Ports and Bhushan Steel and can buy Ashok Leyland.
Ruchit Jain of Angel Broking is of the view that one may buy Nava Bharat Ventures with a target of Rs 158.
Sudarshan Sukhani of s2analytics.com recommends buying BHEL, Dabur India, Jet Airways, Wockhardt and IOC.
Rajat Bose of rajatkbose.com is of the view that one can buy ITC and Hero MotoCorp and sell Wockhardt and Adani Ports.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hexaware Technologies, Wockhardt and Lupin and can sell Bharti Infratel and HPCL.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, Kotak Mahindra Bank, Wockhardt and Jubilant Lifesciences and can hold TCS and Adani Power.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Dr Reddy's Labs, TCS and Wockhardt and can exit MMTC.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Life Sciences, Mindtree and IDFC Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Wockhardt, Tata Global, NIIT Tech, Yes Bank and DHFL and can sell Bharti Infratel.
Shahina Mukadam, Independent Market Expert is of the view that one mat exit Wockhardt and prefer Sun Pharma.