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
Hemant Thukral of Aditya Birla Money recommends buying Bank of Baroda and advises shorting Housing Development Finance Corporation.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that one may buy PSU banking stocks on dips.
Watch the interview of Mayuresh Joshi, VP- Institution at Angel Broking Ltd and Kunal Saraogi, CEO of Equityrush with Sumaira Abidi & Latha Venkatesh on CNBC-TV18, in which they both shared their reading and outlook on market and specific stocks.
According to Sushil Kedia of CIMB, one may short Ranbaxy Laboratories and banking stocks like Bank of Baroda, Punjab National Bank, State Bank of India and even ICICI Bank.
Kunal Bothra of LKP recommends buying Bank of Baroda with a target of Rs 663.
Siddharth Teli, MD & Co-Hd, Instl Research at Religare Capital Markets is of the view that one may pick Bank of Baroda with the PSU space.
With regards to public sector undertaking (PSU) one should look at banks that are well capitalisation, Bank of Baroda and State Bank of India are the ones that stand out. BoB is the best capitalised bank and trades at 0.7 times book says Siddharth Teli of Religare Capital Markets.
According to CNBC-TV18‘s research team following are the stocks to focus on Dr Reddy's, BPCL, Ranbaxy, Dishman Pharma, Bank of Baroda, Ashok Leyland, Jaiprakash Assoc, Crompton Greaves, Eicher Motors and Infotech Ent.
These are the ten stocks you should be eyeing today as market hits new highs.
Deven Choksey, MD at KR Choksey Shares & Securities prefers Bank of Baroda, State Bank of India and Punjab National Bank from the PSU banking space and Coal India from the mineral space.
Sudarshan Sukhani of s2analytics.com suggests buying Bank of Baroda and State Bank of India.
According to Vishal Malkan of malkansview.com, Bank of Baroda may hit Rs 610-615 in the short term.
Kunal Bothra, Head of Advisory at LKP recommends going long in Bank of Baroda with a target of Rs 565.
SP Tulsian of sptulsian.com advises selling Bank of Baroda with a target of Rs 513.
VK Sharma of HDFC Securities recommends buying Bank of Baroda 500 put.
Deven Choksey, MD of KR Choksey Shares & Securities is of the view that one may keep State Bank of India and Bank of Baroda in the portfolio.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Bank of Baroda.
Gautam Shah, Associate Director & Technical Analyst at JM Financial feels that Bank of Baroda, Bank of India, Punjab National Bank and State Bank of India have the potential to lose about 10-15 percent from current levels.
Deven Choksey, MD of KR Choksey Shares & Securities recommends keeping Bank of Baroda and State Bank of India in the portfolio.
The top 10 stocks that CNBC-TV18 team has its eyes on are: BHEL, Aban Offshore, Bank of Baroda, Ranbaxy, HCL Tech, Escorts, Jet Airways, Power Grid, Cummins India, LG Balakrishnan & Bros
Abhijit Paul, Founder of Alphative Advisors feels that Bank of Baroda may go upto Rs 670-680.
Sudarshan Sukhani of s2analytics.com recommends going long in Punjab National Bank, Bank of Baroda, ICICI Bank and HDFC Bank at the current levels for short term.
Aditya Agarwal of Way2Wealth feels that Bank of Baroda may test Rs 675-680.
Sanjay Dutt, Director at Quantum Securities advises to accumulate Punjab National Bank on correction. PSU is the theme to play for 2014-15 and not just private sector banks, he adds.
Dhananjay Sinha, head of institutional research at Emkay Global Financial Services is of the view that one may pick Bank of Baroda within the PSU banking space. He is positive on HDFC Bank and ICICI Bank.