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
Lancelot D Cunha of ITI Wealth Management recommends buying Hathway Cable with a target price of Rs 266 and advises selling Adani Ports and Special Economic Zone August futures with a target price of Rs 120.5 and a stop loss at Rs 128.5.
Nooresh Merani of AMSEC Research advised buying Dabur India with a target price of Rs 166 and Tech Mahindra with a target price of Rs 1300.
Pankaj Jain of Sunteck Wealthmax recommends buying Jet Airways and advises selling Syndicate Bank.
Vishal Malkan of malkansview.com recommended selling Adani Enterprises August future for a target price of Rs 171 and Dish TV August future for a target price of Rs 49.25.
Vishal Malkan of malkansview.com recommends buying Idea Cellular with a stop loss of Rs 163 for target of Rs 173 and advises selling Rural Electrification Corporation with a stop loss of Rs 173 and target of Rs 163.
According to Monal Desai of Sunidhi Securities, one may sell Syndicate Bank for a target of Rs 92 with a stop loss of Rs 104.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may take short term trade in Syndicate Bank as the stock is giving signs of going mildly up.
Mayuresh Joshi, VP Institution of Angel Broking recommends to sell UCO Bank on rallies.
Sudarshan Sukhani of s2analytics.com says Syndicate Bank is an excellent short selling opportunity.
Vishal Kshatriya of Edelweiss recommends to go long in Godrej Industries at current market price with a target price of Rs 320 and Rs 325.
According to Shardul Kulkarni of Angel Broking, Syndicate Bank is expected to achieve the potential target of Rs 142-144. One can keep of stop loss of Rs 131 in the scrip.
Shahina Mukadam of Varun Capital has recommended buy rating on Syndicate Bank, Ipca Laboratories, Jain Irrigation and Tata Global Beverages.
Parag Doctor of Keynote Capital recommended buy rating on Allahabad Bank, Syndicate Bank, LIC Housing Finance and Housing Development and Infrastructure.
Sharmila Joshi, Head of Equity of Peerless Securities advised selling UCO Bank, and buying Corporation Bank or Syndicate Bank.
In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for 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.
According to SP Tulsian, sptulsian.com at this point of time beyond Rs 130, Syndicate Bank looks to have very limited upside in spite of result seem to be quite good.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Vishal Kshatriya, Edelweiss give top pick for the day.
On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Manas Jaiswal, manasjaiswal.com and Vishal Kshatriya, Edelweiss place their bets on two stocks each, thus offering investors a variety of options to choose from.
Syndicate Bank, OBC and IOB are looking weak, says Sudarshan Sukhani, s2analytics.com.
Shardul Kulkarni of Angel Broking advises tradres to short State Bank of India (SBI) and ICICI Bank, as charts of the stocks over the past three-four trading sessions are giving bearish signal.
Syndicate Bank, Allahabad Bank and Andhra Bank are good shorting candidates, says SP Tulsian, sptulsian.com.
See lower levels in Syndicate Bank, says Sudarshan Sukhani of s2analytics.com.
Manoj Murlidhar of IIFL PReMIA advises traders to go long on Axis Bank, Yes Bank, Syndicate Bank, IOB and Vijaya Bank.
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.