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 Bank of India may remain a laggard even if the market starts its bull run.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may sell Strides Arcolab with a target of Rs 1088.
Devang Mehta, Senior Vice President & Head Equity Advisory at Anand Rathi Financial Services is of the view that one can accumulate State Bank of India or Bank of Baroda from the PSU banking space.
Gaurav Bissa of LKP Securities is of the view that one may sell Bank of Baroda with a target of Rs 164.
Kunal Bothra of LKP Securities is of the view that one may look at State Bank of India, Bank of Baroda and Bank of India.
Kunal Bothra of LKP Securities recommends selling Bank of Baroda and BHEL.
Rahul Mohindar of viratechindia.com is of the view that one can buy Cipla, Wipro and Infosys and likes Punjab National Bank and Bank of Baroda from the banking space.
Rahul Mohindar of viratechindia.com recommends buying Lupin, Infosys and Bank of Baroda.
Yogesh Radke, Head of Quantitative Research at Edelweiss Securities prefers Reliance Industries, State Bank of India and Bank of Baroda.
Morgan Stanley warns that commodity price declines will hurt asset quality materially as PSU banks have fairly high exposure to this area and hence earnings per share (EPS) revisions may continue to be downward and stocks should remain weak.
Sameet Chavan of Angel Broking recommends holding Bank of Baroda as the stock may test Rs 220.
Kunal Shah, Assoc Dir at Edelweiss Securities is of the view that State bank of India and Bank of Baroda are the top picks in the PSU banking space.
Chandan Taparia of Anand Rathi Securities is of the view that one can buy Bank of Baroda near to Rs 198-200 and feels that ICICI Bank may test Rs 315-320 if it holds above Rs 305.
Yogesh Mehta of Motilal Oswal is of the view that one can buy Bank of baroda on correction.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank (PNB), Infosys, Sun TV, Tata Coffee & CCL Products.
Rahul Mohindar of viratechindia.com is of the view that one may enter Bank of Baroda on dips
Rahul Mohindar of viratechindia.com recommends holding Bank of Baroda as the stock will move to about Rs 240-250.
Jay Thakkar of ShareKhan suggests buying UPL with a target of Rs 575.
Manish Sharma of Destimoney Securities advises buying Amtek Auto with a target of Rs 144.
Dilip Bhat of Prabhudas Lilladher is of the view that one may look at PSU banks.
Nitin Kumar, Analyst at Prabhudas Liladher is of the view that Bank of Baroda may test Rs 220.
Hemant Thukral of Aditya Birla Money is of the view that one may prefer Union Bank and Canara Bank and feels that PSU banks may move up by 4-6 percent.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Bank of Baroda.
Sandip Sabharwal of asksandipsabharwal.com is of the view that one may prefer Punjab National Bank, Union Bank of India, Bank of Baroda and State Bank of India.
Jay Thakkar of ShareKhan is of the view that one may buy Ipca Laboratories with a target of Rs 875.