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
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, Canara Bank and Union Bank of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Union Bank of India and Syndicate Bank and can buy Escorts.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Ports and can sell Axis Bank and Union Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, PNB and Union Bank of India and can buy DHFL, Adani Enterprises and Havells India.
Ashwani Gujral of ashwanigujral.com recommends buying PNB, UPL, Union Bank of India, Punjab National Bank, ONGC and Exide Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
Mitessh Thakkar of mitesshthakkar.com recommends buying HCL Tech with a stop loss of Rs 876 for target of Rs 922 and a buy on Marico with a stop loss of Rs 319 for target of Rs 338.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy PVR and Sun TV Network and can sell BEML and Union Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Asian Paints, Colgate and Interglobe Aviation and can sell Union Bank of India and SREI Infrastructure.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Simplex Infrastructures.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the Nifty still looks weak and the next logical target on the downside is 10013 while stiff resistance is at 10260. The crucial support for the Nifty is at 10094-10013 and the resistance is at 10260. Bank Nifty on the other hand has support at 24782-25030 and resistance at 25400.
Vishal Malkan of malkansview.com is of the view that one may buy Tech Mahindra with a target of Rs 525.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Elecon Engineering with a target of Rs 94.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular, PNB, Canara Bank, Union Bank of India, Bank of India and VIP Industries.
Global research firm, Credit Suisse has maintained its neutral stance on Union Bank of India with a target price of Rs 159 per share.
Godrej Properties, Torrent Pharma, Hindalco and Titan, among others, on the radar of investors on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Indraprastha Gas and Union Bank of India and can buy Motilal Oswal.
CA Rudramurthy BV, Research head at Vachana Investments suggests buying Glenmark Pharma, Cipla and Union Bank of India.
The bull charge was led by Punjab National Bank which zoomed over 30 percent while Bank of Baroda spiked 22.95 percent followed by Bank of India which gained 21.17 percent. State Bank of India was the other top gainer which added 17.88 percent in the morning trade.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Oriental Bank of Commerce, Bank of India and Union Bank of India and can buy Aarti Industries and Century Plyboards.
Nomura prefers ICICI Bank or Axis Bank over PSU banks.