Stocks to Watch on 11 Oct 2019

For the stock market trading session on 11 October 2019, major support level of Nifty is expected to be in the range of 11,150 to 11,090 whereas major resistance level is expected to be in the range of 11,310 to 11,400. Considering the prevailing condition of the market, here are top stocks to watch for 11 October 2019

Century Textiles & Industries Limited:

As on 10 October 2019 shares of Century Textiles & Industries Limited (CENTURYTEX) declined more than 5 percent after the proposed de-merger. The company will sell its cement division and merge it with UltraTech Cement.

IndusInd Bank Limited:

As on 10 October 2019 share prices of IndusInd Bank Limited (INDUSIND) fell more than 6 percent intraday after company posted decline of 3.4 percent in the September quarter profit.

Indiabulls Housing Finance Limited:

As on 10 October 2019 share prices of Indiabulls Housing Finance Limited (IBULHSGFIN) declined over 19 percent intraday after Reserve Bank of India (RBI) rejected merger with Lakshmi Vilas Bank Limited.

Tata Motors Limited:

As on 10 October 2019 share prices of Tata Motors Limited (TATAMOTORS) declined more than 3 percent intraday after company's global wholesales numbers declined 27 percent in September 2019.

Bharti Airtel Limited:

As on 10 October 2019 share prices of Bharti Airtel Limited (BHARTIARTL) jumped over 7 percent intraday to hit 52-week high after Jio levied Interconnect Usage Charge.

Vodafone Idea Limited:

Share prices of Vodafone Idea Limited (IDEA) jumped over 17 percent intraday on Thursday after Jio levied Interconnect Usage Charge.

Torrent Pharmaceuticals Limited:

As on 10 October 2019 share prices of Torrent Pharmaceuticals Limited (TORNTPHARM) opened on a negative note and declined more than 6 percent after the company received a warning letter from USDFDA, however it ended up by 1.46 percent on daily basis.

Dewan Housing Finance Corporation Limited:

On Thursday share prices of Dewan Housing Finance Corporation Limited (DHFL) hit 10-year low after Edelweiss moves to HC to recover its dues.

Piramal Enterprises Limited:

As on 10 October 2019 share prices of Piramal Enterprises Limited (PEL) declined over 5 percent intraday to hit 3 year low. It opened on a negative note and gave choppy movement throughout the day. It closed at 1,352 with overall loss of 3.08 percent on daily basis.

Maruti Suzuki India Limited:

On 10 October 2019 Maruti Suzuki India Limited (MARUTI) opened on a negative note and traded with negative sentiments throughout the day. It closed with overall loss of 1.42 percent on daily basis. Scrip is trading below its 200 Days EMAs.

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