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
State Bank of India (SBI) is the top pick among PSU banks, says Siddharth Teli of Religare Capital Markets. "The bank is borrower in the wholesale market. So that is a positive. SBI remains our preferred pick within the space," he adds.
According to Prakash Diwan of Altamount Capital Management, one may buy Andhra Bank with a target of Rs 55.90 and Syndicate Bank with a target of Rs 65.90.
Nooresh Merani of AMSEC Research feels that Oriental Bank of Commerce (OBC) may bounce another 10-15 percent. "One has to wait for quite a long time before getting somewhere closer to Rs 180-200 levels, "he adds.
Sharmila Joshi of Peerless Securities recommended buying Ceat with a target price of Rs 118.5 and YES Bank with a target price of Rs 248.
Prakash Diwan of Altamount Capital Management recommends holding Oriental Bank of Commerce. "One may buy it at lower levels," he adds.
Sudarshan Sukhani of s2analytics.com recommends selling Oriental Bank of Commerce (OBC) on rally as the stock may head lower.
Sudarshan Sukhani of s2analytics.com recommends selling Oriental Bank of Commerce as the stock is begining to move lower.
Rajesh Jain of Religare Securities recommends buying Hindustan Unilever at its current price, keeping a closing stop loss of Rs 590 for a higher target of Rs 610.
Sudarshan Sukhani of s2analytics.com says that one may see Oriental Bank of Commerce breaking down its support levels.
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.
Sudarshan Sukhani of s2analytics.com recommended selling Oriental Bank of Commerce (OBC). Friday‘s big decline should see some intraday follow-through today, he added.
SP Tulsian of sptulsian.com suggests going short on Dena Bank at current level. He feels that the stock can correct to a level of Rs 84 in the near term.
Bank of Baroda (BOB), Bank of India (BOI) and Oriental Bank of Commerce (OBC) are looking weak, says SP Tulsian of sptulsian.com.
Sudarshan Sukhani of s2analytics.com feels that Oriental Bank of Commerce, Canara Bank, State Bank of India may see upmove.
Sudarshan Sukhani of s2analytics.com is of the view that one should hold Oriental Bank of Commerce with a target of Rs 300.
Sudarshan Sukhani of s2analytics.com advised selling Oriental Bank of Commerce (OBC) on rally. The stock is one of the worst performers, he added.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares his trading strategies for the day.
SP Tulsian of sptulsian.com feels Oriental Bank of Commerce (OBC) and IndusInd Bank can correct by about 4-5 percent in the next week.
SP Tulsian of sptulsian.com gives his stock ideas for the coming week.
In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Sudarshan Sukhani of s2analytics.com feels Oriental Bank of Commerce (OBC) has a very good chart and has potential for significantly higher gains.
Amit Gupta of ICICI Direct is of the view that Oriental Bank of Commerce has support at Rs 252.
In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.