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
Sharmila Joshi of Peerless Securities recommends buying Ceat with a target of Rs 119 and a stop loss of Rs 115.80 and advises selling Andhra Bank with a stop loss at Rs 75.50.
One can short Dena Bank for a target price of Rs 59.50 and Bank of India for a target price of Rs 190, says Sharmila Joshi of Peerless Securities.
Parag Doctor, Head-Trading Strategies of Keynote Capital's recommends selling Dena Bank.
Reliance Industries Ltd (RIL) being a heavyweight on the index can hold the weak market on a glaring day. One can buy the stock at its current price keeping a stop loss of Rs 895 for higher target of Rs 930, says Rajesh Jain of Religare Securities.
Vishal Malkan of malkansview.com recommends buying Zee Entertainment with target of Rs 257 and also advises to buy Aditya Birla Nuvo with a stop loss of Rs 1,115 and a target of Rs 1,175.
Aashish Tater of FortuneWizard.com advised going long on Power Finance Corporation (PFC) with a target price of Rs 135 and keep a stoploss at Rs 125.
Vishal Kshatriya of Edelweiss recommends going long on Asian Paints July Futures at current market price with a target price of Rs 5400 and stop loss below Rs 4800.
According to Aashish Tater of FortuneWizard.com, one may go long on Firstsource Solutions for a target of Rs 13.80 and a stop loss of Rs 13.15 and advises to sell Reliance Communications (RComm) as the stock will go and test Rs 92 mark from medium term perspective.
Aashish Tater of FortuneWizard.com advised buying Firstsource Solutions with a target price of Rs 13.8 and Dena Bank with a target price of Rs 73.5.
Amit Gupta, Head- Derivatives at ICICI Direct is of the view that Dena Bank has support at Rs 70. "If it is holding that support, one can see another 3-4 percent of upmove in it," he adds.
Aashish Tater of Fortunewizard.com is bullish on Andhra Bank and Styrolution ABS and recommends a buy with at least a 12 month perspective.
Hemant Thukral of Aditya Birla Money suggests buying CESC and advices selling Union Bank of India.
Aashish Tater of fortunewizard.com recommends to go long on JM Financial for a target of Rs 29 and IRB Infrastructure Developers for a target of Rs 103.50.
Aashish Tater of Fortunewizard.com advised going long on JM Financial with a target price of Rs 29 and going short on HDIL with a target price of Rs 39.5.
Aashish Tater of Fortunewizard.com recommends to go long on Siti Cable Network with a target of Rs 22 and the stop loss of Rs 20.90. He also advises to go long on Dena Bank with a target of Rs 74 and a stop loss of Rs 69.40.
Aashish Tater of Fortunewizard.com advises buying Siti with a target price of Rs 22 and Dena Bank with a target price of Rs 74.
Aashish Tater is bullish on Bank of India and GSPL. He sees these stocks giving good returns in the short to medium term
Pankaj Jain of Sunteck Wealthmax recommends to sell IRB Infrastructure, Dena Bank, Raymond & Jaiprakash Power.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
Sudarshan Sukhani of s2analytics.com recommends to sell Dena Bank and Bank of Baroda.
Manas Jaiswal of manasjaiswal.com suggests to go short on Jaiprakash Associates and UCO Bank.
Sharmila Joshi, Head of Equity of Peerless Securities is of the view that one can hold Dena Bank with a target of Rs 110. The stock can test Rs 110 in one year.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dena Bank and keep stops because the market can do anything.
Gaurav Ratnaparkhi of Sharekhan advised buying Dena Bank with stop loss of Rs 81.50 and a short-term target of Rs 89. Meanwhile, Arunesh Madan of Augment Investment says one can expect a target of Rs 298 and Rs 302 on Tata Motors.
SP Tulsian of sptulsian.com is positive on PSU banks and real estate stocks. He advises to go long on State Bank of India, Bank of India, Dena Bank, DLF and Indiabulls Real Estate.