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
Hemant Thukral of Aditya Birla Money is bullish on Canara Bank, Bank of India and Oriental Bank of Commerce. He feels Bank of India may touch Rs 246.
AK Prabhakar, Independent Advisor advises buying Bata India for a target price of Rs 1065 and Sundaram Finance for a target price of Rs 650.
According to Ashish Kapur of Investshoppe, one may go long in Zee Entertainment Enterprises with a target of Rs 295 and Petronet LNG with a target price of Rs 126.
Manas Jaiswal of manasjaiswal.com recommends buying Oriental Bank of Commerce with a target of Rs 215 and stoploss of Rs 198.
Manav Chopra of Nirmal Bang recommends buying Union Bank of India with a target of Rs 130 and Oriental Bank of Commerce with a target of Rs 207.
Sharmila Joshi, Independent Analyst advises buying IRB Infrastructure for a target price of Rs 103 and Escorts for a target price of Rs 124.
Manav Chopra of Nirmal Bang recommends buying Dish TV India for a target of Rs 61 and Indiabulls Real Estate for a target of Rs 74.
Dharmesh Kant of India Nivesh Securities advises buying Aurobindo Pharma for a target price of Rs 320 and Alembic Pharma for a target price of Rs 215.
Manas Jaiswal of manasjaiswal.com suggests buying Oriental Bank of Commerce (OBC) with a target of Rs 199 and Arvind with a target of Rs 137.
Pritesh Mehta of IIFL recommends buying Oriental Bank of Commerce with a target of Rs 205.
Nandita Parker, Managing Partner at Karma Capital is positive on the banking sector.
SP Tulsian of sptulsian.com is of the view that Oriental Bank of Commerce (OBC) is looking weak and by the expiry the stock may come down to Rs 182.
According to Krish Subramanium of Asit C Mehta, one may buy Tata Elxsi for a target of Rs 255 and advises selling Oriental Bank of Commerce (OBC) for a target price of Rs 170.50.
Nooresh Merani of AMSEC Research advises buying Dabur India for a target price of Rs 166 and Tata Chemicals for a target price of Rs 290.
Vishal Malkan of malkansview.com advises buying Arvind for a target price of Rs 119 and Century Textiles for a target price of Rs 300.
According to Krish Subramanium of Asit C Mehta, one may buy ILandFS Transportation Networks for a target of Rs 134 and Suven Life Sciences for a target of Rs 67.
Manav Chopra of Nirmal Bang advises buying CESC for a target price of Rs 405 and SREI Infrastructure for a target price of Rs 24.2.
Hemant Thukral of Aditya Birla Money advises going short in Oriental Bank of Commerce (OBC) with a stoploss of Rs 156.
Nooresh Mirani, Head - Technical Research of AMSEC - Analyse India suggests exiting Oriental Bank of Commerce (OBC) at Rs 180.
Sudarshan Sukhani of s2analytics.com suggests buying Oriental Bank of Commerce (OBC) and NTPC. "OBC has been the most underperforming PSU and that may now come to an end," he adds.
SP Tulsian of sptulsian.com is of the view that Oriental Bank of Commerce (OBC) is looking good at current level.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Oriental Bank of Commerce (OBC).
According to SP Tulsian of sptulsian.com, one may sell Financial Technologies with a target of Rs 160 and Oriental Bank of Commerce (OBC) with a target of Rs 163.
Manoj Murlidharan Vayalar of IIFL recommends buying Kotak Mahindra Bank, ICICI Bank and Oriental Bank of Commerce from the banking sector.
According to Hemant Thukral of Aditya Birla Money, one may go long on Oriental Bank of Commerce (OBC) with a stoploss at Rs 152.