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
Kunal Bothra of LKP advises selling Bata India for a target price of Rs 938 and HDIL for a target price of Rs 45.50.
Meghana Malkan of malkansview.com suggests buying UltraTech Cement with a target of Rs 1720 and Tata Motors with a target of Rs 398.
Sudarshan Sukhani of s2analytics.com advises shorting Canara Bank and Oriental Bank of Commerce.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Piditlite Industries, TCS and Wipro, Oil India , ONGC on the IOC divestment, KRBL, TTK Prestige, OBC and Canara Bank in today‘s trade.
Manav Chopra of Nirmal Bang recommends buying Unitech and Voltas.
Krish Subramanium of Asit C Mehta Investment recommends buying Canara Bank for a target of Rs 275 and Century Enka for a target of Rs 163.
Hemant Thukral of Aditya Birla Money is bullish on Canara Bank, Bank of India and Oriental Bank of Commerce. He feels Bank of India may touch Rs 246.
AK Prabhakar, Independent Advisor recommends buying Maruti Suzuki India with a target of Rs 1,850 and IRB Infrastructure Developers with a target price of Rs 100.
AK Prabhakar, Independent Advisor advises buying Maruti Suzuki for a target price of Rs 1,850 and Union Bank for a target price of Rs 135.
According to SP Tulsian of sptulsian.com, one may go long in Indiabulls Real Estate with a target of Rs 68.50.
SP Tulsian of sptulsian.com advises going long in Sun Pharmaceutical Industries with a target of Rs 576.
Nooresh Merani of Analyse India advises buying NALCO for a target price of Rs 43 and Chambal Fertiliser for a target price of Rs 42.
SP Tulsian of sptulsian.com recommends going long in Voltas with a target of Rs 125 and advises selling Bank of India with a target of Rs 215.
Kunal Bothra, Head of Advisory at LKP is of the view that Canara Bank may test Rs 270.
Dharmesh Kant of India Nivesh Securities recommends buying Alembic Pharmaceuticals with a target of Rs 215 and advises selling Century Textiles and Industries with a target of Rs 260.
Sharmila Joshi, Independent Analyst advises buying IRB Infrastructure for a target price of Rs 103 and Escorts for a target price of Rs 124.
Gaurav Ratnaparkhi of Sharekhan suggests buying Godrej Industries with a target of Rs 293 and Jain Irrigation Systems with a target of Rs 73.
SP Tulsian of sptulsian.com advises exiting Canara Bank and buying YES Bank and Axis Bank. He also recommends buying Asian Paints, Tata Global, Dabur and Glenmark.
SP Tulsian of sptulsian.com is of the view that Canara Bank may slip to Rs 238. He is negative on PSU banks.
Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 20.50 and Canara Bank for a target of Rs 265.
Sharmila Joshi of Peerless Securities advises buying Sintex Industries for a target price of Rs 31.30 and VIP Industries for a target price of Rs 61.
SP Tulsian of sptulsian.com advises holding Canara Bank. "One can review investment only when it crosses Rs 300," he adds.
Sudarshan Sukhani of s2analytics.com recommends buying Canara Bank.
SP Tulsian of sptulsian.com is negative on all the banking stocks and expects profit booking in Bank of Baroda.
Pritesh Mehta of IIFL recommends buying Canara Bank with a target of Rs 265 and a stoploss at Rs 235.