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
Gaurang Shah of Geojit Financial Services is of the view that one may prefer SBI or Axis Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Indian Oil Corporation and Canara Bank and buy IIIFL Holdings.
Chandan Taparia of Motilal Oswal Securities recommends buying Yes Bank and LIC Housing Finance while one can buy 330 Put Options in Canara Bank.
Chandan Taparia of Motilal Oswal Securities suggests buying Mahindra & Mahindra Financial Services and Indian Oil Corporation and feels that Canara Bank may head lower to Rs 330.
Whenever the market struggles to clear a well-defined resistance zone (9,930-9,950), momentum tends to shift towards broader markets.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, HDFC, Vedanta and Canara Bank and sell Cummins India.
Prakash Gaba of prakashgaba.com is of the view that 9785 is a crucial support and 9911 is a possibility while the resistance is at 9911. On the other hand Bank Nifty has support at 24074 and resistance at 24511.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank and Canara Bank and sell PC Jeweller.
According to Ashwani Gujral of ashwanigujral.com, one can sell Bank of Baroda and Canara Bank and buy Century Textiles and Industries.
Sandeep Wagle of powermywealth.com is of the view that one can sell Canara Bank and buy Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com suggests buying Pidilite Industries, Jubilant Foodworks and Canara Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBCC, Suprajit Engineering and L&T Finance Holdings.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Sun TV Network, L&T Finance Holdings and Granules India and can sell Amara Raja Batteries and The Ramco Cements.
ONGC-HPCL merger along with Havells India, Canara Bank and Mindtree, among others are being tracked by analysts today.
Sandeep Wagle of powermywealth.com recommends buying Axis Bank and Canara Bank.
Morgan Stanley said Tata Motors and Tata Steel should be the biggest positive contributors to Sensex earnings.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy IGL, NTPC and Hexaware Technologies and can sell HDIL.
Vishvesh Chauhan of Monarch Networth Capital suggests buying BHEL with a target of Rs 145.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptualsian.com shared his views and outlook on the fundamentals of the markets and specific stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services, Punjab National Bank and Canara Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Jindal Steel & Power, Canara Bank and TVS Motor Company.
Ashwani Gujral of ashwanigujral.com recommends buying Natco Pharma, Canara Bank and Indiabulls Housing Finance.
Vishal Malkan of malkansview.com recommends buying Zuari Agro Chemicals with a target of Rs 425 and Deepak Fertilisers with a target of Rs 330.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Power Finance Corporation, Tata Motors and State Bank of India and can buy IIFL Holdings and SCI.
Mitessh Thakkar of miteshthacker.com suggests buying Kaveri Seed Company and feels that DHFL may slip to Rs 400.