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
Vishal Malkan of malkansview.com is of the view that one may buy Steel Authority of India with a target of Rs 75.
Vishal Malkan of malkansview.com advises buying Canara Bank with a target of Rs 270.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Dhanlaxmi Bank.
Ruchit Jain of Angel Broking is of the view that one may sell Dish TV with a target of Rs 66.
Sumeet Jain of Destimoney Securities suggests buying Sun Pharma Advanced with a target of Rs 354.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy IGL, NTPC and Hexaware Technologies and can sell HDIL.
Mitessh Thakkar of mitesshthakkar.com advises selling YES Bank.
According to Ashwani Gujral of ashwanigujral.com, one can buy NBCC, Mahindra & Mahindra Financial Services and Kalyani Steel.
Sharmila Joshi of sharmilajoshi.com is of the view that one may prefer Yes Bank and DCB Bank.
Vijay Chopra of enochventures.com is of the view that one may buy Chenai Petro with a target of Rs 230.
In an interview to CNBC-TV18, Prakash Diwan, Investment Evangelist at prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
Prakash Diwan of prakashdiwan.in is of the view that one may avoid Dhanlaxmi Bank.
According to Sharmila Joshi of sharmilajoshi.com, one may exit Dhanlaxmi Bank.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today.
Rajat Bose of rajatkbose.com feels that Gammon India may test Rs 20.50.
SP Tulsian of sptulsian.com has a bullish stance on private sector banks including Federal bank and Dhanlaxmi Bank.
Here are the top 10 stocks that one should keep an eye on HDFC, TCS, Jaiprakash Associates, Tata Motors, Tata Steel, Hindalco, Sun Pharma, IFCI, Dhanlaxmi Bank and The IT Index ahead of the NASSCOM guidance
According to Abhijit Paul of Alphative Advisors, Dhanlaxmi Bank may slip Rs 36 in immediate term.
According to Prakash Diwan of Altamount Capital Management, one may go long on Reliance Power with a target of Rs 74.25 and Dhanlaxmi Bank with a target of Rs 42.85.
Vishal Jajoo of Nirmal Bang recommends buying Colgate Palmolive with a target price of Rs 1275 and Delta Corp with a target price of Rs 74.50.
Sharmila Joshi of Peerless Securities recommends buying Dhanlaxmi Bank with a target of Rs 36.25 and Ceat with a target of Rs 115.
Nooresh Merani of AMSEC Research suggest buying Bajaj Corp with a target of Rs 285 and Bank Of India with a target of Rs 175.
Rajesh Agarwal of Eastern Financiers advised buying Natco Pharma with a target price of Rs 635 and Dhanlaxmi Bank with a target price of Rs 31.
Aashish Tater of fortunewizard.com is of the opinion that Dhanlaxmi Bank may touch Rs 44 in next six months.
Aashish Tater sees Indian Hotels and Dhanlaxmi Bank fetching handsome returns going ahead.