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
Sudarshan Sukhani of s2analytics.com is of the view that one may short Canara Bank as the stock is on the verge of breakdown.
Sudarshan Sukhani of s2analytics.com is of the view that Allahabad Bank, Canara Bank and Andhra Bank may fall.
Vishal Malkan of malkansview.com recommends holding Andhra Bank with a target of Rs 85.
Kunal Saraogi of Equityrush recommends going long in Andhra Bank with a target of Rs 86 and feels that the stock can even go beyond Rs 100.
Sudarshan Sukhani of s2analytics.com recommends shorting Oriental Bank of Commerce, Punjab National Bank (PNB), Dena Bank, Andhra Bank and UCO Bank at the current level.
Sudarshan Sukhani of s2analytics.com is of the view that one may short PNB, Andhra Bank and Dena Bank and feels that one may avoid Canara Bank, Bank of Baroda and State Bank of India.
According to Sudarshan Sukhani of s2analytics.com, one can exit Andhra Bank on rally.
Sudarshan Sukhani of s2analytics.com recommends holding Andhra Bank.
Aashish Tater of FortuneWizard.com recommends buying Andhra Bank and Indian Overseas Bank.
Here are top 10 stocks to focus on January 16 - Sesa Sterlite, Andhra Bank, Tata Consultancy Services (TCS), GAIL, SpiceJet, Sun TV, State Bank of India (SBI), LIC Housing Finance, PTC India, HSIL, Hathway & HDIL.
Here are top 10 stocks to focus on January 6 – Cairn India, ONGC, HPCL, Andhra Bank, Idea Cellular, Bharti Airtel, Sesa Sterlite, Cipla, IRB Infra and Syndicate Bank.
Kunal Saraogi of Equityrush advises buying Canara Bank and Andhra Bank.
Pritesh Mehta of IIFL recommends buying Andhra Bank and Sesa Sterlite.
Parag Thakkar of HDFC Securities recommends buying IndusInd Bank or Federal Bank on dips.
Sudarshan Sukhani of s2analytics.com advises buying Andhra Bank.
Akshata Deshmukh, Chief Strategist-Trading at Networth Stock Broking is of the view that one may hold Andhra Bank.
Hemen Kapadia of KR Choksey Securities suggests selling ACC with a target of Rs 1495 and buying Just Dial with a target of Rs 1747.
Manas Jaiswal of manasjaiswal.com recommends buying Bank of India and Andhra Bank.
Vishal Malkan of malkansview.com suggests buying Bank of Baroda with a target of Rs 960-970 and Andhra Bank with a target of Rs 78.50-79.50.
Meghana V Malkan of malkansview.com advises buying JSW Energy with a target of Rs 86.50-90 and Ashok Leyland with a target of Rs 42.50-44.
Amit Harchekar of A Plus Analytics recommends shorting Andhra Bank as the stock may test Rs 72 in next five to six trading sessions.
Kunal Saraogi, CEO of Equityrush is of th view that one may exit Andhra Bank on rally and one can look at YES Bank and even ICICI Bank.
Manas Jaiswal, technical analyst at manasjaiswal.com is of the view that Jain Irrigation Systems may test Rs 95.
SP Tulsian of sptulsian.com is of the view that one may short Andhra Bank as the stock may slip to Rs 55.50.
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.