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
Dharmesh Kant of India Nivesh Securities advises buying Jet Airways with a target of Rs 399.
Manish Sharma of Destimoney Securities advises buying Amtek Auto with a target of Rs 144.
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.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have – DLF, Glenmark Pharma, India Bull Hsg, JSPL, Sun Pharma, Canara Bank, Bank Of India, Union Bank, Bank Of Baroda & NTPC.
Sudarshan Sukhani of s2analytics.com recommends buying Ashok Leyland, Canara Bank and Tata Consultancy Services.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today – Vedanta, Motherson Sumi, Bombay Dyeing, Minda Corp, Jaypee Infra, Canara Bank, M&M, Cummins, Aarti Ind & Talwalkar.
VK Sharma of HDFC Securities is of the view that one can buy Canara Bank 310 Call.
Dharmesh Kant of India Nivesh Securities advises buying LIC Housing Finance with a target of Rs 540.
Rakesh Bansal of RK Global suggets buying Gruh Finance with a target of Rs 258.
Manav Chopra of Networth Stock Broking is of the view that one can buy Canara Bank as the stock has potential to test the levels of Rs 345-350 in the next few months.
Dinesh Kumar, Managing Director, Tradejini Financial Services likes Allahabad Bank and feels that Canara Bank is poised to be a leader in the PSU sector.
Manas Jaiswal of manasjaiswal.com recommends buying Power Finance Corporation and Canara Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may short Canara Bank as the stock is on the verge of breakdown.
Mayuresh Joshi of Angel Broking is of the view that one may hold Canara Bank.
Ashish Chaturmohta of Fortune Group recommends going long in Canara Bank with a target of Rs 315 in next two to three trading sessions.
Sameet Chavan of Angel Broking is of the view that one may exit Jindal Steel & Power and prefer Crompton Greaves or Canara Bank.
Siddarth Bhamre of Angel Broking recommends buying Oriental Bank of Commerce with a target price of Rs 201.
Gaurav Ratnaparkhi of Sharekhan is of the view that one can buy Adani Power with a target of Rs 32 and IFCI with a target of Rs 28.80.
Sameet Chavan of Angel Broking is of the view that PSU banks are the preferred pick over private sector banks and feels that one may buy Canara Bank as the stock may touch Rs 306.
Sudarshan Sukhani of s2analytics.com is of the view that Allahabad Bank, Canara Bank and Andhra Bank may fall.
Siddarth Bhamre of Angel Broking prefers PSU banks over private sector banks.
Manas Jaiswal of manasjaiswal.com recommends buying Tata Communications and advises selling Canara Bank.
Siddarth Bhamre of Angel Broking is of the view that Canara Bank is a good buy with a target of Rs 303.
Rahul Mohindar of viratechindia.com is of the view that Bank of India may test Rs 152.
Gaurav Bissa of LKP Securities is of the view that one can buy Canara Bank and Exide Industries.