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
Chandan Taparia of Anand Rathi Securities is of the view that one can sell Syndicate Bank for a target of Rs 92.
Manas Jaiswal of manasjaiswal.com recommends buying Indiabulls Housing Finance and BPCL.
CK Narayan, MD at Growth Avenues is of the view that one can buy Voltas on dips as the stock may rise to Rs 400.
Shubham Agarwal of Motilal Oswal Securities is of the view that ICICI Bank can move up to Rs 365.
Sudarshan Sukhani of s2analytics.com recommends buying Syndicate Bank and Sun TV Network and advises selling Titan Company.
Mayuresh Joshi of Angel Broking is of the view that one may hold Syndicate Bank.
Prakash Diwan of Altamount Capital Management is of the view that one may look at HDIL and DLF.
According to Hemant Thukral of Aditya Birla Money, Syndicate Bank may touch Rs 124.
Hemant Thukral of Aditya Birla Money is of the view that one may prefer Allahabad Bank and Syndicate Bank from the PSU banking space.
Manoj Murlidharan of Religare Securities recommends buying Bank of India, Syndicate Bank and Allahabad Bank.
Ashish Chaturmohta of Fortune Equity Broker recommends shorting Union Bank with a target of Rs 180-182 in next 3-5 trading sessions.
Here are top 10 stocks to focus on January 6 – Cairn India, ONGC, HPCL, Andhra Bank, Idea Cellular, Bharti Airtel, Sesa Sterlite, Cipla, IRB Infra and Syndicate Bank.
Dilip Bhat of Prabhudas Lilladher prefers State Bank of India, Punjab National Bank, Bank of Baroda and UCO Bank.
Manas Jaiswal of manasjaiswal.com recommends shorting Syndicate Bank with a target of Rs 110 in 2-3 trading sessions.
Sudarshan Sukhani of s2analytics.com is of the view that one may pick Syndicate Bank.
According to Rahul Arora, CEO at Nirmal Bang Institutional Equities, IndusInd Bank would remain top private sector banking pick at this point in time and advises selling Syndicate Bank.
Rahul Mohindar, Technical Analyst at viratechindia.com recommends buying Canara Bank and Syndicate Bank.
Sudarshan Sukhani of s2analytics.com recommends buying Syndicate Bank.
Parag Thakkar of HDFC Securities recommends buying IndusInd Bank or Federal Bank on dips.
Manav Chopra of Nirmal Bang recommends buying Dabur India for a target price of Rs 220 and Bata India for a target price of Rs 1310.
Siddarth Bhamre of Angel Broking recommends going long in Syndicate Bank with a target of Rs 125.
Manas Jaiswal of manasjaiswal.com recommends shorting Syndicate Bank as the stock may test Rs 112 in next two to three trading sessions.
According to Sudarshan Sukhani of s2analytics.com, one may buy Syndicate Bank.
Hemen Kapadia of KR Choksey Securities suggests buying Jubilant Foodworks with a target of Rs 1060 and Punjab National Bank (PNB) with a target of Rs 551.
Manav Chopra of Nirmal Bang recommends buying Syndicate Bank and Tata Steel.