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
Manas Jaiswal of manasjaiswal.com is of the view that one may short Synidcate Bank or Bank of India as they may head down by 2-3 percent.
Manav Chopra of Nirmal Bang advises buying CESC for a target price of Rs 465 and Buy Bata India for a target price of Rs 975.
According to Pankaj Jain of Sunteck Wealthmax, one may short Jain Irrigation Systems for a target price of Rs 59 and Syndicate Bank for a target price of Rs 78.10.
Independent Technical Analyst Rakesh Gandhi advises selling Allahabad Bank for a target price of Rs 75.5 and Jindal Steel and Power for a target price of Rs 246.25.
Pritesh Mehta of IIFL is of the view that one may sell Syndicate Bank January Futures for a target of Rs 86.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell PSU banks.
According to Manas Jaiswal, Technical Analyst at manasjaiswal.com, one may buy Syndicate Bank with target of Rs 105 and Heritage Foods with a target of Rs 240.
Sudarshan Sukhani of s2analytics.com is of the view that public sector undertaking banks including Bank of India, Allahabad Bank, Syndicate Bank and UCO Bank provides a buying opportunity.
Sudarshan Sukhani of s2analytics.com recommends to prefer Allahabad Bank and Syndicate Bank from PSU banking space.
Aditya Agarwal of Way2Wealth suggests buying Asian Paints with a target of Rs 505-515 and Infosys with a target of Rs 3590.
Sudarshan Sukhani of s2analytics.com recommends buying Syndicate Bank and Karnataka Bank.
Kunal Bothra of LKP is of the view that Syndicate Bank may touch Rs 94 in the short term.
Manav Chopra of Nirmal Bang recommends buying Syndicate Bank with a target of Rs 94 and Dena Bank with a target of Rs 65.
Dharmesh Kant of India Nivesh Securities advises buying Exide Industries with a target price of Rs 140 and United Phosphorous (UPL) with a target price of Rs 175.
Aashish Tater of Fortunewizard.com suggests to short Syndicate Bank with a target of Rs 70 and Rs 66.
Nooresh Merani, AMSEC Research suggests buying GVK Power & Infrastructure with a target of Rs 9.50 and Hero Motocorp with a target of Rs 2250.
Sharmila Joshi of Fairwealth Securities recommends buying JSW Steel with a target of Rs 827 and Syndicate Bank with a target of Rs 76.50.
Pankaj Jain of Sunteck Wealthmax Capital advises buying SAIL with a target price of Rs 61.75 and Sintex Industries with a target price of Rs 30.85.
Sudarshan Sukhani of s2analytics.com advises buying Syndicate Bank, Dr Reddys Laboratories and ACC.
Manoj Muralidharan Vayalar of IIFL is of the view that one may buy Syndicate Bank, Canara Bank, ICICI Bank and Kotak Mahindra Bank. "One may also buy Indian Hotels and Exide Industries," he adds.
Rajesh Agarwal, Head of Research at Eastern Financiers Limited suggests switching from Muthoot Finance to some of the PSU banks like Andhra Bank, Dena Bank and Syndicate Bank.
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.
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.
Nooresh Merani of AMSEC Research suggests buying Aditya Birla Nuvo with a stoploss at Rs 1170 and target of Rs 1300-1400.
According to Sudarshan Sukhani of s2analytics.com, one may sell Syndicate Bank on rally.