would you like to continue in

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Stocks to Watch on 30 Oct 2019

30 Oct 2019

For the stock market trading session on 30 October 2019, major support level of Nifty is expected to be in the range of 11,480 to 11,400 whereas major resistance level is expected to be in the range of 11,700 to 11,815. Considering the prevailing condition of the market, here are top stocks to watch for 30 October 2019

BEML-Government started divestment process for BEML, likely to do strategic stake sale - which is supposed to bring volatility to the stock.

PETRONET LNG-Q2:  The state-owned company announced its September quarter earnings on Tuesday after market hours. Net profit more than doubled to Rs. 1,103 crores compared with Rs. 560 crores in the same period last year. The company’s revenue rose 8.7% to Rs. 9,361 crores in the second quarter of this fiscal. The revenue was higher than a year-ago figure of ₹8,613 but lower than the estimate of Rs. 9,027 crores.

BHARTIAIRTEL: Shares plunged more than 3.3% on Tuesday as the Supreme Court rejected telcos’ definition of adjusted gross revenue (AGR), ordering mobile operators to repay past dues within three months to the government amid piling debt and shrinking revenues. Separately, Airtel on Tuesday reported a drop in its average revenue per share user in July-September as growth in its subscriber base outpaced the increase in revenue from mobile services in India.

IndiGo: InterGlobe Aviation Ltd, which runs India’s largest budget airline IndiGo, has sought support from its employees following its biggest quarterly loss in July-September, saying that it will have to deal with weakening revenue environment going ahead. The airline reported a net loss of Rs. 1,062 crores in the reporting quarter as against a loss of Rs. 651.5 crores a year ago.

Tata Chemicals: The company will announce its September quarter earnings today. Tata Global Beverages Ltd will also report its numbers for the second quarter. The companies are in the process of a demerger, where Tata Chemical’s consumer products business will be demerged into Tata Global Beverages’ and the entity with all mass consumption items will be named Tata Consumer Products.

Bandhan Bank: Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs. 1 crore on the private lender for failing to meet its promoter shareholding norms. The Reserve Bank said the bank was supposed to dilute promoter shareholding of its Non-operative Financial Holding Company in excess of 40% within three years from the date of commencement of the bank’s business.

RIL: The company said it will infuse Rs 1.08 trillion into its telecom subsidiary Reliance Jio Infocomm Ltd. Proceeds from the infusion will be used to pare debt of the largest telecom operator by revenue market share. As a result, Reliance Jio's debt to equity ratio will fall from about 2.5 times to 0.3 times. Shares of the largest company by market capitalisation had touched a fresh 52-week high on Tuesday.

PVR: Board approved issue price for 29.08 lakh shares for its QIP issue at Rs 1,719.05 per share, which is at a discount of 5 percent on the floor price at Rs 1,809.53 each.

Biocon: The company plans to sell recombinant human insulin to low- and middle-income countries at a price of less than 10 cents a day, drastically lower than the current $5, as it aims to enable universal access.

GMR Infra: The Tata Group has agreed to reduce the stake it had proposed to acquire in GMR Airports to about 15% from the previously announced 20%, which will likely allow the GMR Group-Tata deal to sail through.

Get in Touch With Us

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Complaint Board
As On 30th April, 2020
Beginning of month Received during the month Resolved during the month Pending at the end of the month Reason for pendency
214 0 0 1 Closed by us, Filed ATR, SCORES approval awaited

Total clients served so far Total complaints received so far % complaint on customer base
70,000+ Customers 214 0.30%

Data is updated on 7th per month. It gets verified every quarter by independent auditor.

Data presented here is taken from company's inception

Importance given to satisfactory resolution as per prescribed TAT