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
AK Prabhakar, Independent Advisor advises buying Eros International for a target price of Rs 300 and Bank of India for a target price of Rs 319.
Hemen Kapadia of KR Choksey Securities suggests selling ACC with a target of Rs 1495 and buying Just Dial with a target of Rs 1747.
Meghana V Malkan of malkansview.com recommends buying YES Bank for a target price of Rs 650 and Tata Global Beverage for a target price of Rs 195.
Pankaj Jain, Sunteck Wealthmax advises buying Vivimed Labs for a target price of Rs 375 and Pennar Industries for a target price of Rs 63.
Siddharth Bhamre of Angel Broking has a positive view on PSU banks.
Hemen Kapadia of KR Choksey Securities suggests buying Aurobindo Pharma with a target of Rs 844 and selling Century Textiles and Industries with a target of Rs 623.
Vishal Malkan of malkansview.com is of the view that one can buy Tata Chemicals with a target of Rs 400 and Titan Company with a target of Rs 395.
Paras Bothra, Ashika Stock Broking advises buying FDC for a target price of Rs 175 and Astra Microwave for a target price of Rs 150.
Mayuresh Joshi, VP- Institution at Angel Broking is of the view that one may exit Oriental Bank of Commerce.
Kunal Saraogi, CEO at Equityrush advises exiting Oriental Bank of Commerce at these levels and re-enter at lower levels.
Watch the interview of Mayuresh Joshi, VP- Institution at Angel Broking Ltd and Kunal Saraogi, CEO of Equityrush with Sumaira Abidi & Latha Venkatesh on CNBC-TV18, in which they both shared their reading and outlook on market and specific stocks.
With regards to public sector undertaking (PSU) one should look at banks that are well capitalisation, Bank of Baroda and State Bank of India are the ones that stand out. BoB is the best capitalised bank and trades at 0.7 times book says Siddharth Teli of Religare Capital Markets.
According to Sudarshan Sukhani of s2analytics.com, one may sell Oriental Bank of Commerce as the stock may drift lower.
AK Prabhakar, independent analyst recommends buying Mastek with a target of Rs 213 and Oriental Bank of Commerce with a target of Rs 185.
Lancelot D Cunha, ITI Wealth Management advises buying IndusInd Bank for a target price of Rs 394 and Crompton Greaves for a target price of Rs 125.50.
Pankaj Jain of Sunteck Wealthmax advises shorting Oriental Bank of Commerce with a target of Rs 162.30 and buying Aurobindo Pharma with a target of Rs 468.
Pankaj Jain of Sunteck Wealthmax advises buying Marksans Pharma for a target price of Rs 18.85 and Aurobindo Pharma for a target price of Rs 468.
Pankaj Jain of Sunteck Wealthmax suggests selling Canara Bank for a target price of Rs 237 Oriental Bank of Commerce for a target price of Rs 181.
Kunal Bothra of LKP advises selling Bata India for a target price of Rs 938 and HDIL for a target price of Rs 45.50.
Bharat Forge has doubled from lower levels in the last one year. In the last few weeks it has been tiring but some profit booking in the stock ahead of result is possible. Bharat Forge is a sell with a very small stop loss, says AK Prabhakar, Independent Advisor.
Vishal Malkan of malkansview.com advises buying YES Bank for a target price of Rs 374 and Aurobindo Pharma for a target price of Rs 450.
Meghana Malkan of malkansview.com suggests buying United Spirits with a target of Rs 2710-2730 and Hindustan Petroleum Corporation (HPCL) with a target of Rs 244-248.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Piditlite Industries, TCS and Wipro, Oil India , ONGC on the IOC divestment, KRBL, TTK Prestige, OBC and Canara Bank in today‘s trade.
Manav Chopra of Nirmal Bang recommends buying Unitech and Voltas.
SP Tulsian of sptulsian.com feels that Oriental Bank of Commerce may correct upto Rs 216.