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
Pritesh Mehta of IIFL recommends buying Dena Bank as the stock may test Rs 72.
Manav Chopra of Nirmal Bang recommends buying Jyoti Structures with a target close to Rs 50 and Dena Bank with a target of Rs 70.
Dharmesh Kant, IndiaNivesh Securities Private Limited advises buying Federal Bank for a target price of Rs 134 and SKS Microfinance for a target price of Rs 360.
Nooresh Mirani of Analyse India advises buying FDC for a target price of Rs 170 and HCL Infosystems for a target price of Rs 95.
Pritesh Mehta of IIFL is of the view that Dena Bank may move to Rs 59-60 and advises booking profits around those levels.
Akshata Deshmukh, Networth Capital advises buying Jain Irrigation for a target price of Rs 62.25 and Dena Bank for a target price of Rs 55.90.
Akshata Deshmukh of Networth Capital recommends buying Dena Bank for a target price of Rs 54 and advises selling Bata India for a target of Rs 1,015.
Dharmesh Kant, Indianivesh Securities advises buying Bank of India for a target price of Rs 190 and Bharat Forge for a target price of Rs 410.
Phani Sekhar of Angel Broking feels that Dena Bank may double in two years from its current price.
Kunal Bothra of LKP feels that Dena Bank may go up to Rs 85-90.
Top ten stocks on CNBC-TV18‘s radar are Bajaj Auto TCS, DLF, Sterlite Holiday, Thomas Cook, L&T Finance, Aditya Birla Nuvo, United Bank, Dena Bank and Reliance Communications
Manas Jaiswal, Technical Analyst at manasjaiswal.com suggests going short in Dena Bank with stoploss of Rs 63.50.
Sudarshan Sukhani of s2analytics.com recommends buying ICICI Bank, Axis Bank, Dena Bank and UCO Bank within the banking space.
AK Prabhakar, Independent Advisor recommends buying YES Bank with a target price of Rs 425 and Siemens with a target price of Rs 675.
Ashish Kapur of Investshoppe advises buying Zee Entertainment Enterprises for a target price of Rs 295 and Jaiprakash Associates for a target price of Rs 54.
AK Prabhakar, Independent Advisor recommends buying Dena Bank with a target price of Rs 63 and Cadila Healthcare with a target price of Rs 815.
Ashish Kapur of Investshoppe advises buying Tech Mahindra for a target price of Rs 1,795 and Apollo Tyres for a target price of Rs 87.
AK Prabhakar, Independent Advisor recommends buying Adani Enterprises with a target of Rs 273 and Dena Bank with a target of Rs 63.
Shahina Mukadam of Varun Capital recommends buying Tata Motors (DVR) with a target of Rs 196 and Allahabad Bank with a target of Rs 86.
Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 21 and Power Finance Corporation for a target of Rs 174.
Dharmesh Kant of India Nivesh Securities advises buying Bank of India for a target price of Rs 230 and Aurobindo Pharma for a target price of Rs 320.
Pritesh Mehta of IIFL recommends buying Dena Bank with a target of Rs 59.
SP Tulsian of sptulsian.com recommends buying Godrej Industries with a target of Rs 274 and advises selling Dena Bank with a target of Rs 52.
SP Tulsian of sptulsian.com recommends going long in Adani Enterprises with a target of Rs 248 and advises selling Bank of India (BOI) with a target of Rs 209-208.
Sudarshan Sukhani of s2analytics.com recommends buying Dena Bank.