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 Sandeep Wagle of powermywealth.com, one can buy Vedanta, Canara Bank and Voltas.
According to Ashwani Gujral of ashwanigujral.com, one can buy Reliance Capital, Canara Bank, Bharat Forge, M&M Financial and Ajanta Pharma.
According to Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities, one can buy Bharat Forge, HCL Tech, Arvind and Canara Bank.
Sudarshan Sukhani of s2analytics.com recommends buying Canara Bank and Shriram Transport Finance.
Niraj Dalal, Independent Market Expert Founding Partner, 3A Capital Advisors is of the view that one may buy PSU banking stocks.
AK Prabhakar of IDBI Capital is of the view that one may prefer AIA Engineering, Bharat Electronics, Castrol and Arvind.
Ashwani Gujral of ashwanigujral.com suggests buying Canara Bank and TVS Motor.
Sudarshan Sukhani of s2analytics.com suggests buying Canara Bank and Shriram Transport Finance.
Ambareesh Baliga, Independent Market Expert advises to book profits in PSU banking stocks.
Mitesh Thacker of miteshthacker.com is of the view that one may buy Canara Bank, Punjab National Bank and Cairn India.
According to Ashwani Gujral of ashwanigujral.com, one may buy Punjab National Bank, Bank of India and Canara Bank.
Sudarshan Sukhani of s2analytics.com advises buying LIC Housing Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one may short Canara Bank, Andhra Bank, Bank of Baroda and Punjab National Bank.
Ruchit Jain of Angel Broking is of the view that one may buy Mirza International with a target of Rs 100.
Amit Gupta of ICICIdirect recommends picking Canara Bank and sees the stock move beyond Rs 300.
Amit Gupta, Head-Derivatives at ICICIdirect recommends buying Voltas with a target of Rs 450.
Jai Bala of Cashthechaos.com likes Punjab National Bank with target of Rs 160 plus while Union Bank and Canara Bank can hit record lows.
Rahul Mohindar of viratechindia.com recommends selling Idea Cellular and Canara Bank.
VK Sharma of HDFC Securities suggests buying Canara Bank 260 Call and ICICI Bank 240 Call.
Gaurav Bissa of LKP Securities is of the view that one can short Canara Bank and Dabur India and buy Voltas.
According to Rahul Mohindar of viratechindia.com, one can accumulate HDFC on decline and has a bullish stance on ICICI Bank.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking, spoke about his reading of the market and his outlook on various stocks and sectors.
In an interview to CNBC-TV18, Prakash Diwan, Investment Evangelist at prakashdiwan.com shared his readings and outlook on specific stocks and sectors.
Rahul Mohindar of viratechindia.com is of the view that one can buy ICICI Bank while he has a positive view on Canara Bank.
Credit Suisse has an outperform rating on L&T with a target price at Rs 1825 per share on reasonable valuations.