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
According to SP Tulsian of sptulsian.com, one may go long in Glenmark Pharma with a target of Rs 546 and advises shorting Bank of Baroda with a target of Rs 642.
According to Ashish Chaturmohta of Fortune Equity Broker, one may go long in Bank of Baroda with a target of Rs 685-700.
SP Tulsian of sptulsian.com is of the view that YES may slip to Rs 380 and Bank of Baroda may dip to Rs 678 in this week itself. He advises going short on both stocks.
Nooresh Mirani of AMSEC recommends buying Bank of Baroda on dips as the stock may touch Rs 700 in the short term.
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.
Shardul Kulkarni of Angel Broking recommends selling Bank of Baroda as the stock may test Rs 570.
Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund is cautious on public sector undertaking (PSU) banking space. He believes the non-performing asset (NPA) cycle has not seen worst of it.
Ambareesh Baliga of Edelweiss Financial Services recommends buying Punjab National Bank (PNB) and Bank of Baroda at lower levels.
Deven Choksey, MD of KR Choksey Shares suggests adding IndusInd Bank, Axis Bank and ICICI Bank in the portfolio.
According to Manas Jaiswal of manasjaiswal.com, one may buy Adani Enterprises as the stock may test Rs 260 with a stoploss at Rs 240.
Shardul Kulkarni of Angel Broking is of the view that one may see 5-8 percent downside in public sector undertaking (PSU) banks from current levels.
Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda (BoB) and Asian Paints.
SP Tulsian of sptulsian.com is negative on all the banking stocks and expects profit booking in Bank of Baroda.
Ashish Chaturmohta of Fortune Equity Brokers recommends going long on Bank of Baroda (BoB) at current levels as the stock may test Rs 660-670.
Shrikant Chauhan of Kotak Securities advises buying United Spirits with a target of Rs 2850-2900 and Bank of Baroda with a target of Rs 625.
Sharmila Joshi of Peerless Securities advises buying Ipca Laboratories with a target price of Rs 734 and PVR with a target price of Rs 513.
Shardul Kulkarni of Angel Broking recommends selling Bank of Baroda October futures with a stoploss of Rs 527 for a target of Rs 470.
Shardul Kulkarni of Angel Broking recommends selling Bank of Baroda October futures below the levels of Rs 510 and the stoploss would be at Rs 526.
Sahil Kapoor of Edelweiss advises shorting Punjab National Bank (PNB) at around Rs 520-523 with a target of Rs 495. “One may keep a stoploss at Rs 538,†he adds.
Shardul Kulkarni of Angel Broking feels that Bank of Baroda may slip to Rs 440. “On the lower side 10,000 is now acting as a support and 10,500 is acting as a resistance for Bank Nifty,†he adds.
According to Sudarshan Sukhani of s2analytics.com, one may see more upside in Bank of Baroda.
Rajesh Agarwal Head of Research at Eastern Financiers recommends holding Bank of Baroda.
According to Pritesh Mehta of IIFL Bank of Baroda (BOB) may touch Rs 430-440 in the next trading sessions."Axis Bank may test Rs 750-740 if it breaches 790 mark," he adds.
Abhijit Paul of Alphative Advisors is of the view that one may buy Bank of Baroda as the stock may test Rs 505-510.
Shardul Kulkarni of Angel Broking is of the view that one can buy Bank of Baroda with a target of Rs 490-495.