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
Hemen Kapadia of KR Choksey Securities advises selling Arvind with a target of Rs 247 and buying Hindustan Petroleum Corporation (HPCL) with a target of Rs 475.
Manav Chopra of Nirmal Bang recommends buying Asian Paints with a target of Rs 485 and Indiabulls Real Estate with a target of Rs 50.
Manav Chopra, Nirmal Bang advises buying Allahabad Bank for a target price of Rs 78 and Muthoot Finance for a target price of Rs 180.
Meghana Malkan of malkansview.com recommends buying Aban Offshore with a target of Rs 532 and advises selling Reliance Power with a target of Rs 57.50.
Independent Analyst Sharmila Joshi advises buying Tata Elxsi for a target price of Rs 420 and Sintex for a target price of Rs 33.5.
According to Independent Technical Analyst, Rakesh Gandhi, one may sell Andhra Bank for a day target of Rs 52.25 and Bank of India for a day target of Rs 193.
Independent Technical Analyst Rakesh Gandhi advises shorting Allahabad Bank for a target price of Rs 74.25 and Andhra Bank for a target price of Rs 52.25.
Independent Technical Analyst suggests buying Opto Circuits India for a target of Rs 37 and selling YES Bank for a target of Rs 311.25.
Independent Technical Analyst Rakesh Gandhi advises selling Allahabad Bank for a target price of Rs 75.5 and Jindal Steel and Power for a target price of Rs 246.25.
Pritesh Mehta of IIFL is of the view that one may sell Allahabad Bank for a target of Rs 76-77.
Sudarshan Sukhani of s2analytics.com advises selling YES Bank, IndusInd Bank and Allahabad Bank.
Pritesh Mehta of IIFL advises buying Tata Steel with target of Rs 400 and selling Allahabad Bank with target of Rs 86.
Hemant Thukral of Aditya Birla Money is of the view that Allahabad Bank may test Rs 106.
Sudarshan Sukhani of s2analytics.com is of the view that public sector undertaking banks including Bank of India, Allahabad Bank, Syndicate Bank and UCO Bank provides a buying opportunity.
Sudarshan Sukhani of s2analytics.com recommends to prefer Allahabad Bank and Syndicate Bank from PSU banking space.
Gaurav Ratnaparkhi of Sharekhan suggests selling Tata Motors with a target of Rs 362 and Wipro with a target of Rs 532.
Sudarshan Sukhani of s2analytics.com is of the view that Allahabad Bank is looking weak in PSU banking space.
Shahina Mukadam of Varun Capital recommends buying Tata Motors (DVR) with a target of Rs 196 and Allahabad Bank with a target of Rs 86.
Shardul Kulkarni of Angel Broking recommends selling Allahabad Bank as the stock may test Rs 75 in the next six to twelve weeks.
Vishal Malkan of malkansview.com recommends buying Ashok Leyland with a target of Rs 18.50 and CESC with a target of Rs 420.
Nooresh Merani of Analyse India advises buying Chambal Fertiliser for a target price of Rs 43 and Godrej Industries for a target price of Rs 300.
SP Tulsian of sptulsian.com recommends selling Bank of Baroda with a target of Rs 636 and Allahabad Bank with a target of Rs 89.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money suggests going long on Allahabad Bank with a stop loss of Rs 80. "The stock may go up to Rs 88-89," he adds.
Sharmila Joshi of Peerless Securities advises selling GMR Infrastructure October Future with a target price of Rs 21.15 and Federal Bank October Future with a target price of Rs 281.
Anand Rathi recommends buying Apollo Hospitals and YES Bank, while Way2Wealth is positive on Allahabad Bank and Havells.