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
Gaurav Bissa of LKP Securities suggests buying Canara Bank, Rural Electrification Corporation and UPL.
Vishal B Malkan of malkansview.com feels that Canara Bank may touch Rs 470-480 in the next three to four trading sessions.
According to Chandan Taparia of Anand Rathi Securities, one may buy Canara Bank with a target of Rs 460.
Ashish Chaturmohta of Fortune Equity Broker advises going long in Federal Bank and Canara Bank.
CK Narayan of Growth Avenues prefers State Bank of India, Oriental Bank of Commerce and Canara Bank.
Mayuresh Joshi of Angel Broking is of the view that Bank of Baroda, State Bank of India, Bank of India, Canara Bank, and Punjab National Bank are looking attractive.
Rahul Mohindar of viratechindia.com suggests buying Canara Bank at current level.
Hemant Thukral of Aditya Birla Money advises buying Canara Bank on declines with a target of Rs 445-450.
According to Sudarshan Sukhani of s2analytics.com, Canara Bank is one of the better banks in the PSU sector.
Rahul Mohindar of viratechindia.com recommends buying IndusInd Bank as well as Canara Bank and advises selling Wipro.
Neeraj Deewan of Quantum Securities is of the view that PSU banks are the top picks.
Sudarshan Sukhani of s2analytics.com recommends buying Apollo Hospitals, Canara Bank and TVS Motor Company.
Kunal Bothra of LKP Securities is of the view that Canara Bank may test Rs 440.
Chandan Taparia of Anand Rathi Securities recommends going long in Canara Bank as the stock can move towards Rs 440-444.
Chandan Taparia of Anand Rathi Financial Services recommends buying Canara Bank with a target of Rs 440 and TVS Motor Company 250 Call.
Meghana Malkan of malkansview.com recommends selling India Cements and Canara Bank.
Chandan Taparia of Anand Rathi Securities recommends going long in Canara Bank as the stock may test Rs 440.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy State Bank of India, Punjab National Bank (PNB), Canara Bank and Corporation Bank.
Hemant Thukral of Aditya Birla Money is of the view that ICICI Bank may head towards Rs 1770-1780.
Manas Jaiswal of manasjaiswal.com advises buying Bank of India with a target of Rs 265 and NMDC with a target of Rs 144.
Rahul Mohindar, Technical Analyst at viratechindia.com recommends buying Canara Bank and Syndicate Bank.
Vishal B Malkan of malkansview.com recommends buying UPL for a target price of Rs 370 and CESC for a target price of Rs 750.
Manoj Murlidharan of Religare Securities recommends buying Canara Bank with a target of Rs 419.
Sudarshan Sukhani of s2analytics.com recommends buying Canara Bank.
Here are top 10 stocks to keep an eye on November 7 - Ranbaxy, DLF, Bata, Cadila, Cummins, Ramco Cements, Ashok Leyland, Canara Bank, Escorts and HDFC Bank.