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
Dena Bank has target of Rs 84-85, says Kunal Bothra, LKP.
Sell Dena Bank, says SP Tulsian of sptulsian.com
Dena Bank can move to Rs 125, says PN Vijay, Portfolio Manager.
Rajesh Agarwal of Eastern Financiers advises to invest in PSU banks.
Buy IRB Infrastructure, says Shardul Kulkarni of Angel Broking.
Buy Dena Bank with a target of Rs 87.50, says Sharmila Joshi of Fairwealth Securities
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HDFC may slip to Rs 650- 640 levels, says Siddharth Bhamre, Angel Broking.
Hemen Kapadia, Technical Analyst, chartpundit.com feels that one can avoid private sector banking stocks.
Syndicate Bank can test Rs 127-128, says Amit Gupta, Head- Derivatives, ICICI Direct.
Yes Bank and Canara Bank top pick in banking space, says Rahul Mohindar, viratechindia.com.
Somil Mehta of Sharekhan advised buying Dena Bank, with a target of Rs 96.
Dena Bank has target of Rs 90, says Ashish Tater of Fort Share Broking.
Dena Bank and City Union Bank may see 15% upside with 3-5 weeks timeframe, says Rahul Mohindar of Viratechindia.
HDFC Bank and Kotak Mahindra Bank continues to be strong, says Prakash Diwan, Head-Institutional Business, Networth Stock Broking.
Banking will continue to lead the rally going forward, says Hemant Thukral of Asian Markets Securities.
Mitesh Thacker, Technical Analyst is positive on banking stocks.
Axis Bank, ICICI, HDFC Bank, UCO Bank, Dena Bank, Allahabad Bank is top picks in banking space, says Mitesh Thacker, Technical Analyst.
Dena Bank can move to Rs 104-105, says Kunal Bothra, LKP Share.
Banking a safer sector, says Rahul Mohindar, viratechindia.com.
Hemen Kapadia, chartpundit.com view on State Bank of India.
Ranak Merchant of Shushil Finance feels that one should buy Dena Bank.