Stocks to Watch on 03 Oct 2019

For the stock market trading session on 03 October 2019, major support level of Nifty is expected to be in the range of 11,247 to 11,145. Whereas major resistance level is expected to be in the range of 11,555 to 11,610. Considering the prevailing conditions of the market, here are top stocks to watch for 03 October 2019

Yes Bank Limited:

As on 01 October 2019 share price of Yes Bank Limited (YESBANK) fell nearly 30 percent intraday and hit all time low. It declined almost 34 percent in past two trading session even it has got the RBI approval to raise more capital.

RBL Bank Limited:

On Tuesday share price of RBL Bank Limited (RBLBANK) fell up to 21 percent intraday and formed a fresh low of 257.05. It closed at 302.55 with overall loss of 8 percent on daily basis.

Bharat Petroleum Corporation Limited:

On 01 October 2019 share price of Bharat Petroleum Corporation Limited (BPCL) jumped over 8 percent intraday and hit 52 week high ahead of divestment in public sector.

Container Corporation of India Limited:

Share price of Container Corporation of India Limited (CONCOR) jumped over 10 percent intraday and formed a fresh all time high of 666 on 01 October 2019 as Adani Group explored a bid for government stake.

Shipping Corporation of India Limited:

On Tuesday share price of Shipping Corporation of India Limited (SCI) jumped over 13 percent ahead of disinvestment news, however it closed at 44.90 with overall gain of 3.82 percent on daily basis.

PNB Housing Finance Limited:

On Tuesday share price of PNB Housing Finance Limited (PNBHOUSING) fell more than 4 percent intraday and formed a fresh low of 555. However, it closed on positive note ahead of CRISIL assigned “CRISIL A1+” rating on the short term NCD.

UltraTech Cement Limited:

Share price of UltraTech Cement Limited (ULTRACEMCO) declined over 3 percent intraday on 01 October 2019 despite of Morgan Stanley retaining overweight rating on the stock with target at Rs 4,760 per share. Scrip is sustaining above its 50 & 200 Days EMAs.

Bajaj Auto Limited:

As on 01 October 2019 shares price of Bajaj Auto Limited (BAJAJ-AUTO) traded negative as company reported poor September sales numbers. It declined more than 1 percent intraday.

Wockhardt Limited:

On Tuesday share price of Wockhardt Limited (WOCKPHARMA) closed positive after fall for consecutive 4 trading sessions ahead of CARE revising long term bank facilities rating to BB+ from BBB-

International Paper APPM Limited:

Share price of International Paper APPM Limited (IPAPPM) declined over 9 percent inraday on Tuesday and it fell over 19 percent in past two trading session. Scrip is trading below its 50 & 200 Days EMAs.

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