Stocks to Watch on 29 Oct 2019

For the stock market trading session on 29 October 2019, major support level of Nifty is expected to be in the range of 11,490 to 11,400 whereas major resistance level is expected to be in the range of 11,680 to 11,715. Considering the prevailing condition of the market, here are top stocks to watch for 29 October 2019

State Bank of India:

As on 25 October 2019 shares price of State Bank of India (SBIN) jumped over 8 percent after it reported September quarter earnings and closed positive for third consecutive week. State Bank of India, on Friday reported a more than three-fold increase in its net profit to Rs. 3,012 crores in the quarter ended 30 September 2019.

Piramal Enterprises Limited:

Piramal Enterprises Limited (PEL) traded with volatility; it declined up to 17 percent intraday on Friday after the company approved fresh capital raise of Rs 5,400 crore via rights, preferential debt issues. However, it recovered from the lower level and closed with overall loss of 7.59 percent on daily basis.

Strides Pharma Science Limited:

As on 25 October 2019 shares price of Strides Pharma Science Limited (STAR) jumped over 9 percent after it reported 37.1 percent jumped in profit of September quarter as compare to June quarter.

PNB Housing Finance Limited:

Shares price of PNB Housing Finance Limited (PNBHOUSING) rose to an intraday high of Rs 552.70 in Friday’s trade before closing 9.76 percent after the company reported a less-than-expected rise in bad loans.

Castrol India Limited:

Last week shares price of Castrol India Limited (CASTROLIND) jumped over 7 percent intraday on Friday. In past two trading sessions of the last  week share price rose 15 percent after it reported its September quarter earnings.

Century Textiles & Industries Limited:

Last week Century Textiles & Industries Limited (CENTURYTEX) traded with higher volatility. In first two trading session of the week it rose over 16 percent and that enabled it to close in positive territory for third consecutive week even after decline of over 9 percent  on Friday. Scrip is trading above its 50 & 200 days EMAs.

ITC Limited:

As on 25 October 2019 share price of ITC Limited (ITC) opened on positive note and traded with negative sentiments throughout the day despite of 36.16 percent jumped in its net profit of quarter ended 30 September2019.

InterGlobe Aviation Limited:

As on 25 October 2019 shares price of InterGlobe Aviation Limited (INDIGO) declined over 12 percent after it reported Net loss of Rs 1,062 crore versus loss of Rs 651.5 crore. Stock fell to an intraday low of 1452.55 in Friday’s trade which was lowest since 7 August 2019, before it closed with overall loss of 11.84 percent.

Jubilant Foodworks Limited:

Last week share price of Jubilant Foodworks Limited (JUBLFOOD) rose up to 14 percent to hit fresh 52-week high after it reported 12.16 percent rise in its September quarter revenue.

Ujjivan Financial Services Limited:

Last week share prices of Ujjivan Financial Services Limited (UJJIVAN) declined over 9 percent and traded its seven week low after it received clearance from Securities and Exchange Board of India (SEBI) to raise Rs 1,200 crore through an initial public offer (IPO).

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