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
The benchmark indices continued their rally for the sixth consecutive session on November 1, with Sensex touched a fresh all-time high of 40,392.22.
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Here are top 10 stocks to keep an eye on December 29 - United Bank, Spice Mobility, SBI, ICICI Bank, Spicejet, JSL Stainless, Jindal Photo, Jindal Poly, Career Point and Glenmark Pharma.
Kunal Bothra of LKP is of the view that United Bank of India may test Rs 30.
Devang Mehta of Anand Rathi Financial Services advises exiting United Bank of India. "Federal Bank and South Indian Bank are very good alternatives for United Bank of India," he adds.
Top ten stocks on CNBC-TV18‘s radar are Bajaj Auto TCS, DLF, Sterlite Holiday, Thomas Cook, L&T Finance, Aditya Birla Nuvo, United Bank, Dena Bank and Reliance Communications
SP Tulsian of sptulsian.com advises to exit United Bank of India immediately.
Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities suggests to sell United Bank of India at around Rs 54.
In CNBC-TV18's popular show Bull's Eye, Prakash Diwan, Prakash Diwan's Wealth Circle shares trading strategy of the day.
In an interview to CNBC-TV18, Aashish Tater, Head of Research at Fortunewizard.com recommends Punjab and Sind Bank and Aurobindo Pharma as multibagger stocks.
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.
United Bank of India has target of Rs 125, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.
United Bank of India and Bank of Baroda (BOB) good bet among the banking space, says Sonam Udasi, Head Research, IDBI Capital.