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
Japanese brokerage firm Nomura says the Supreme Court judgment favours banks and is positive for SBI and ICICI Bank.
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy SBI, IDBI Bank, Corporation Bank and IRB Infra and can sell Ujjivan Financial Services.
Mitesh Thacker of miteshthacker.com recommends buying Tech Mahindra and Corporation Bank and sell Glenmark Pharma, HDFC Bank and Karnataka Bank.
Hemen Kapadia of KRChoksey Sec advises buying Colgate Palmolive with a target of Rs 874.
Jay Thakkar of Sharekhan is of the view that one may buy Corporation Bank with a target of Rs 37.15.
Ruchit Jain of Angel Broking advises buying IRB Infra with a target of Rs 230.
Jay Thakkar of Sharekhan is of the view that one mau sell TVS Motor with a target of Rs 319.
According to CLSA, Q4 NPL addition is likely to be over Rs 70,000 crore (though a bit down QoQ) and, like Q3, 90 percent of this could be from PSU banks - their stressed loan ratios are now at 11-23 percent.
Rakesh Bansal of RK Global advises buying Bharti Infratel with a target of Rs 417.
Vijay Chopra of enochventure.com is of the view that one may exit Corporation Bank on rallies.
According to Sudarshan Sukhani of s2analytics.com, one may look at banking stocks including YES Bank.
Dipan Mehta, Member at BSE & NSE is of the view that one may look at State Bank of India.
Pritesh Mehta, Senior Technical Analyst at IIFL advises buying Corporation Bank for the target of Rs 365.
Here are top 10 stocks to focus on January 2 – Indian Oil Corporation (IOC), Jindal Steel, Petronet LNG, IRB Infra, Sadbhav Engineering, TVS Motor, CNX PSU Bank Index, Corporation Bank, SRF limited and Kalpataru Power.
Dilip Bhat of Prabhudas Lilladher prefers State Bank of India, Punjab National Bank, Bank of Baroda and UCO Bank.
Jai Bala of cashthechaos.com recommends buying Bharat Electronics and Corporation Bank.
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.
According to SP Tulsian of sptulsian.com, one may exit Corporation Bank.
Sharmila Joshi, Head of Equity of Peerless Securities advised selling UCO Bank, and buying Corporation Bank or Syndicate Bank.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Rajesh Agarwal of Eastern Financiers is of the view that one should switch from Punjab National Bank to Corporation Bank, Andhra Bank.
Sudarshan Sukhani, s2analytics.com shares his view on Hanung Toys.