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
Abhijit Paul, Founder of alphative.com is of the view that one may buy Dena Bank with a target close to Rs 65-66 and sell Power Grid Corporation with a target of Rs 90-91.
SP Tulsian of sptulsian.com feels that Dena Bank may slip to Rs 55 on expectations of bad results.
Manav Chopra of Nirmal Bang recommends buying Syndicate Bank with a target of Rs 94 and Dena Bank with a target of Rs 65.
Sahil Kapoor of Edelweiss recommends buying Dena Bank at around Rs 55-57 as the stock may test Rs 62-64 in the short term.
Pritesh Mehta of IIFL suggests buying Shasun Pharmaceuticals with a target of Rs 80 and Cairn India with a target of Rs 340.
SP Tulsian of sptulsian.com recommends going long on Dena Bank for a target of Rs 52 and Reliance Communications (RComm) with a target of Rs 145.
According to Sudarshan Sukhani of s2analytics.com, one may short Dena Bank, Canara Bank and Punjab National Bank (PNB).
According to Sudarshan Sukhani of s2analytics.com, one may short Dena Bank and Bharat Forge. He advises to buy BHEL. "BHEL came out of a very nice handsome head and shoulder pattern on the upside, a bullish pattern and after a small trading range it is breaking out again," he explained.
According to Saurabh Mittal of Swadeshi Credits, one may buy Zee Entertainment Enterprises with a target of Rs 247 and Apollo Hospitals Enterprises with a target of Rs 944.
Saurabh Mittal of Swadeshi Credits advises buying Zee Entertainment with a target price of Rs 247 and Apollo Hospital with a target price of Rs 944.
According to Saurabh Mittal of Swadeshi Credits, one may buy Dena Bank with a target of Rs 52 and advises selling Allahabad Bank with a stoploss at Rs 84.
Saurabh Mittal of Swadeshi Credits advises buying Dena Bank with a target price of Rs 52 and Rolta with a target price of Rs 61.
According to Prakash Diwan, Director of Altamount Capital Management, one may sell Dena Bank at these levels.
Manas Jaiswal of manasjaiwal.com suggests buying Shree Renuka Sugars with a target of Rs 20 and GMR Infrastructure with a target of Rs 21.
Rajesh Agarwal, Head of Research at Eastern Financiers Limited suggests switching from Muthoot Finance to some of the PSU banks like Andhra Bank, Dena Bank and Syndicate Bank.
Sudarshan Sukhani of s2analytics.com suggest buying Dena Bank and UCO Bank.
Lancelot D Cunha, CEO of Sharyans Wealth Management Private Limited advised buying Ipca Labs with a target price of Rs 721 and LIC Housing Finance with a target price of Rs 164.
According SP Tulsian of sptulsian.com, Dena Bank may give 8-10 percent returns in short term from the current level.
Nooresh Merani, AVP Technical of AMSEC Research recommends selling Dena Bank on bounce at around Rs 50-55 and advises to shift to public sector undertakings (PSU) banks like State Bank of India (SBI).
Saurabh Mittal of Swadeshi Credits suggests buying Tata Global Beverage with a target price of Rs 146 and Havells India with a target price of Rs 618.
SP Tulsian of sptulsian.com feels that SBI, Allahabad Bank, Punjab National Bank, Yes Bank and UCO Bank may rise 5-10% on the back of policy changes for booking the mark-to-market losses.
Aashish Tater of Fortunewizard.com recommends going long on Future Retail for a target of close to Rs 78 odd and stop loss of Rs 73.50 and advises selling Financial Technologies with a stop loss of Rs 208.
Aashish Tater of Fortunewizard.com advised going long on Future Retail with a target price of Rs 78 and short on Financial Technologies with a target price of Rs 160.
Pankaj Jain of Sunteck Wealthmax advised buying Idea Cellular with a target price of Rs 176 and Hexaware Technologies with a target price of Rs 121.50.
SP Tulsian of sptulsian.com recommends holding Dena Bank with a long term view.