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
Kunal Bothra of LKP is of the view that Karnataka Bank may touch Rs 107 in the very short term.
Pankaj Jain of Sunteck Wealthmax advises buying CEAT for a target price of Rs 229.50 and JK Tyre for a target price of Rs 139.75.
Lancelot D Cunha of ITI Wealth Management advises buying Glenmark Pharma for a target price of Rs 504.90 and SKS Microfinance for a target price of Rs 150.
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may prefer HDFC Bank and Axis Bank at these levels.
Manav Chopra of Nirmal Bang advises buying Sun TV Network for a target price of Rs 470 and Future Retail for a target price of Rs 88.
SP Tulsian of sptulsian.com is of the view that one may sell Karnataka Bank and Tata Communications.
Way 2 Wealth suggests buying HUL with a target price of Rs 625 and a stop loss at Rs 596
According to Vishal Malkan,malkansview.com, one may sell Aditya Birla Nuvo with a target of Rs 1150 and State Bank of India (SBI) with a target of Rs 1575.
According to Sharmila Joshi of Peerless Securities, one may buy Dabur India with a target of Rs 175 and LIC Housing Finance with a target of Rs 190.
Sharmila Joshi of Peerless Securities advised buying Dabur India with a target price of Rs 175 and LIC Housing Finance with a target price of Rs 190.
Shahina Mukadam of Varun Capital recommends buying Hindalco Industries with a target of Rs 115 and SAIL with a target of Rs 49.
Shahina Mukadam of Varun Capital advised buying Hindalco Industries with a target price of Rs 115 and SAIL with a target price of Rs 49.
Prakash Diwan of Altamount Capital Management is of the opinion that one can go long on Mahindra & Mahindra Financial Services with a target price of Rs 248 and a stop loss at Rs 234. "One may also go long on MRF with a target price of 14,099 and a stop loss at Rs 13,699," he adds.
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.
According to Sudarshan Sukhani of s2analytics.com, one may sell Karnataka Bank as the stock at Rs 106 is breaking on the downside and going sub Rs 100.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Karnataka Bank and South Indian Bank.
SP Tulsian of sptulsian.com says that one may enter Karnataka Bank at around Rs 100.
Lancelot D Cunha of Sharyans Wealth Management recommends to buy Max India with a target price of Rs 219 and also buy Karnataka Bank.
Aashish Tater of Fortunewizard.com advised buying Andhra Bank with a target price of Rs 89 and selling Allahabad Bank July futures for a target price of Rs 89.
Aditya Agarwal of Way2Wealth Securities says one can initiate long position in Karnataka Bank at current levels, keeping a stop loss of Rs 108.
Pankaj Jain of Sunteck Wealthmax recommends to sell Karnataka Bank and advises to go long on Edelweiss Financial & Crompton Greaves.
One may sell Jaiprakash Associates, Karnataka Bank and Sintex Industries and advises to go long term in Gujarat Mineral Development Corporation, says Pankaj Jain of Sunteck Wealthmax.
One can buy Karnataka Bank, Future Retail, GTL and Mercator, says SP Tulsian of sptulsian.com.
SP Tulsian of sptulsian.com advised buying Karnataka Bank with a target price of Rs 124 and Future Retail with a target price of Rs 106.
Nooresh Merani, AVP Technical at AMSEC Research advices to buy Karnataka Bank, Gujarat State Fertilizers & Chemicals (GSFC), Tech Mahindra and Mahindra Satyam.