Top Stocks to Watch: HDFC Life Insurance Company Limited, HDFC Asset Management Company Limited, PNB Housing Finance Limited

For the stock market trading session on 11th December 2019, major support level of Nifty is expected to be in the range of 11,800 to 11,715 whereas major resistance level is expected to be in the range of 11,982 to 12,082. Considering the prevailing condition of the market, here are top stocks to watch for 11th December 2019

HDFC Life Insurance Company Limited:

As on 10th Dec 2019 share price of HDFC Life Insurance Company Limited (HDFCLIFE) traded with higher volatility. Stock has jumped over 2.70% in morning trade after a media report said that the government may raise the foreign direct investment (FDI) limit in the sector.

HDFC Asset Management Company Limited

Share price of HDFC Asset Management Company Limited (HDFCAMC) continued its downward movement for fifth consecutive trading session. As on 10th December 2019 stock has declined over 5.00% intraday. It fell over 26% from its all-time high in past 13-trading sessions ahead of Standard Life selling up to 2.23 percent stake in the company via offer for sale.

RBL Bank Limited:

On Tuesday share price of RBL Bank Limited (RBLBANK) has closed negative for fourth consecutive trading session. As on 10th December 2019 stock has declined as much as 5.27% intraday. In past 4 trading sessions stock has declined over 13.00%.

PNB Housing Finance Limited:

On Monday share price of PNB Housing Finance Limited (PNBHOUSING) closed negative for consecutive fifth trading session. As on 10th Dec 2019 it has declined as much as 4.93% intraday.

State Bank of India:

As on 10th December 2019 share price of State Bank of India (SBIN) declined over 1.11% intraday. In a notification to exchanges, it reported bad loan divergence for the last financial year which was Rs 11,932 crore.

Yes Bank Limited:

As on 10th December 2019 share price of Yes Bank Limited (YESBANK) declined over 13.00% intraday. Stock has declined over 26.00% in the month of December 2019.

Zee Entertainment Enterprises Limited:

On Tuesday share price of Zee Entertainment Enterprises Limited (ZEEL) closed negative for consecutive third trading session. As on 10th Dec 2019 it has declined as much as 5.37% intraday. During the session it has formed the low of 268.90 which lowest since 04th November 2019.

Gati Limited:

On Tuesday share price of Gati Limited (GATI) closed negative for third consecutive session after news of Allcargo Logistics will buy majority stake at Rs 75 per share. Stock has declined over 10.00% in past three trading sessions.

TVS Motor Company Limited:

As on 10th Dec 2019 share price of TVS Motor Company Limited (TVSMOTOR) opened with positive note and traded with negative sentiments throughout the day. During the session it formed the low of 433.55 which was lowest since 22nd November 2019

JSW Steel Limited:

After two consecutive days of gain share price of JSW Steel Limited (JSWSTEEL) declined over 3.00% intraday on Tuesday. Stock has closed below its 200 Days EMA.

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