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 prefer Punjab National Bank from the PSU banking space.
Manish Sharma of Derivative Trading Research recommends selling Ceat with a target of Rs 970 and Amara Raja with a target of Rs 840.
Prakash Gaba of prakashgaba.com is of the view that Canara Bank can climb up to Rs 275-280.
Gaurav Bissa of LKP Securities is of the view that one may buy Canara Bank, Titan Company and Apollo Tyres.
VK Sharma of HDFC Securities recommends buying Canara Bank 270 Call.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bank of Baroda.
Shahina Mukadam, Independent Market Expert advises buying Zee Media Corporation with a target of Rs 24.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Canara Bank, Bank of Baroda, Andhra Bank and Punjab National Bank.
Chandan Taparia of Anand Rathi Securities recommends going long in Canara Bank for a target of Rs 325-330.
According to Sudarshan Sukhani of s2analytics.com, one can buy Canara Bank and feels that there are opportunites also in Punjab National Bank and Bank of Baroda.
Shubham Agarwal of Motilal Oswal Securities is of the view that Canara Bank can extend to Rs 310 and feels that Tata Elxsi may hit Rs 2,200.
Hemen Kapadia of KRChoksey Securities is of the view that one may buy Canara Bank with a target of Rs 287.
Kunal Bothra of LKP Securities recommends buying Shriram Transport and Canara Bank.
Dharmesh Kant of India Nivesh Securities advises buying Canara Bank with a target of Rs 310.
Kunal Bothra, Head of Advisory at LKP is of the view that Canara Bank may test Rs 307.
Rahul Mohindar of Viratechindia.com is of the view that one may go long in Century Textiles and Industries.
Rakesh Bansal of RK Global suggests buying Balaji Telefilms with a target of Rs 95.
Rahul Mohindar of viratechindia.com feels that Canara Bank may test Rs 300.
Jay Thakkar of Sharekhan is of the view that one may buy Canara Bank with a target of Rs 280.
Vishal Malkan of malkansview.com is of the view that one may see upside in Canara Bank.
Sudarshan Sukhani of s2analytics.com recommends exiting Canara Bank and advises buying State Bank of India.
Sudarshan Sukhani of s2analytics.com recommends selling McLeod Russel, Punjab National Bank and Canara Bank.
Kunal Bothra of LKP Securities advises buying Mahindra & Mahindra Financial Services with a target of Rs 295.
Dharmesh Kant of India Nivesh Securities is of the view that one may buy LIC Housing Finance with a target of Rs 490.
Gaurav Ratnaparkhi of Sharekhan advises buying Sun TV with a target of Rs 339.