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
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
For the week, Nifty 50 index ended down 372.1 points at 11,143.1 (3.23 percent), while Sensex shed 1,249.04 points closed at 36,841.6 points (3.27 percent).
Shabbir Kayyumi of Narnolia Financial Advisors expects sideways to bullish movement for the coming session with range of 11,600-11,350 though stock specific action can be seen.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer Yes Bank and IndusInd Bank.
Mitessh Thakkar, Proprietor at mitesshthakkar.com is of the view that one can buy Piramal Enterprises and Syndicate Bank and can hold Dalmia Bharat Sugar while one can sell Cipla.
Mitessh Thakkar 0f mitesshthakkar.com is of the view that one may buy Bharat Financial and Godrej Consumer.
According to Sudarshan Sukhani of s2analytics.com, one may buy State Bank of India, ICICI Bank and Larsen and Toubro.
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, State Bank of India and Dr Reddy's Laboratories.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer State Bank of India.
In an interview to CNBC-TV18's Surabhi Upadhyay and Prashant Nair, Harsha Upadhyaya of Kotak Mutual Fund and Ashwani Gujral of ashwanigujral.com shared their ideas on the market and specific stocks.
Vijay Chopra of enochventures.com is of the view that one may look at PSU banking stocks.
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.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IGL, Colgate Palmolive and GE Shipping and sell SBI and Vijaya Bank.
Mitessh Thakkar of mitesshthakkar.com feels that Dena Bank may test Rs 42-43.
Ashwani Gujral of ashwanigujral.com advises buying Syndicate Bank, Union Bank of India and Vijaya Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Maruti Suzuki, Tata Steel and Vijaya Bank.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying Anant Raj, Chambal Fertilisers, Vijaya Bank, CESC and Prism Cement.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Gaurav Ratnaparkhi of Sharekhan advises buying HCC with a target of Rs 44.
Ashwani Gujral of ashwanigujral.com suggests buying Axis Bank, Ceat and Canara Bank while he feels that DLF may test Rs 170.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy DCB Bank, Yes Bank and Dabur India while Vijaya Bank may hit Rs 85.