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
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
Manav Chopra of Indiabulls Ventures advises buying Titan Company with a target of Rs 925.
Prakash Gaba of prakashgaba.com suggests selling Andhra Bank and Union Bank of India.
Mitessh Thakkar of miteshthacker.com recommends selling Bosch with a stop loss of Rs 18,900 and target of Rs 18,200, Shree Cements with a stop loss of Rs 16,850 and target of Rs 16,000 and Zee Entertainment with a stop loss of Rs 576 for target of Rs 545.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy NIIT Technologies with a target of Rs 862.
Prakash Gaba of prakashgaba.com recommends shorting Andhra Bank and Tata Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Ajanta Pharma and Andhra Bank and can sell GMR Infrastructure and Bharat Financial Inclusion.
Mitessh Thakkar of miteshthacker.com has a buy on Andhra Bank with a stop loss of Rs 61 for target of Rs 67.50 and a sell on Cadila Healthcare with a stop loss of Rs 472.50 for target of Rs 445.
Vijay Chopra of enochventures.com is of the view that one may look at PSU banking stocks.
The bull charge was led by Punjab National Bank which zoomed over 30 percent while Bank of Baroda spiked 22.95 percent followed by Bank of India which gained 21.17 percent. State Bank of India was the other top gainer which added 17.88 percent in the morning trade.
Ashwani Gujral of ashwanigujral.com feels that Tata Steel may slip to Rs 580-600.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Andhra Bank, Petronet LNG, Canara Bank.
The idea behind creating ‘wealth’ is to find companies which can outperform benchmark indices in a Bull Run and contain damage when the equity markets decide to head south.
Sandeep Wagle of powermywealth.com is of the view that one may see more upside in Andhra Bank and recommends selling Vedanta.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Colgate Palmolive and Bharat Forge and sell Andhra Bank and Amara Raja Batteries.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Bank of Baroda.
Prakash Gaba of prakashgaba.com is of the view that one may exit Andhra Bank around Rs 72.
Shahina Mukadam, Independent Market Expert is of the view that one may prefer State Bank of India over Andhra Bank.
Mitessh Thakkar of mitsshthakkar.com advises selling Sell Bajaj Auto and Andhra Bank.
Kunal Saraogi of Equityrush is of the view that one may buy Motherson Sumi Systems with a target of Rs 490.
Mitessh Thakkar of miteshthacker.com is of the view that one may short Tata Motors and buy Bosch.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC, Shankara Build and Chambal Fertilisers and can sell Andhra Bank.
Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and HDFC and advises shorting Allahabad Bank.