Top Stocks to Watch: Bank of Baroda, HDFC Bank Limited, Ajanta Pharma Limited

For the stock market trading session on 19th December 2019, major support level of Nifty is expected to be in the range of 12130 to 12020. Whereas major resistance level is expected to be in the range of 12255 to 12320. Considering the prevailing condition of the market, here are top stocks to watch for 19th December 2019

Bank of Baroda:

As on 18th Dec 2019 share price of Bank of Baroda (BANKBARODA) has declined over 3% intraday after reports emerged that the public sector lender under-reported bad loans by Rs 5,250 crore for fiscal 2018-19.

HDFC Bank Limited:

As on 18th Dec 2019 share price of HDFC Bank Limited (HDFCBANK) opened with positive note and traded with positive sentiments throughout the day. Stock has rallied over 2% to hit its all-time high of 1299. In Calendar year 2019 stock has rallied over 22%.

Housing Development Finance Corporation Limited:

As on 18th Dec 2019 share price of Housing Development Finance Corporation Limited (HDFC) traded positive for fourth consecutive trading session. On Wednesday it gained over 1% intraday to hit its all-time high of 2459.30. In this week stock has rallied over 4%.

Tata Consultancy Services Limited:

As on 18th Dec 2019 share price of Tata Consultancy Services Limited (TCS) closed positive for fourth consecutive session. On Wednesday stock prices jumped as much as 1.78% in morning trade as company received order from US-based Petco for merchandising platform.

Tata Global Beverages Limited:

As on 18th Dec 2019 share price of Tata Global Beverages Limited (TATAGLOBAL) dip over 7% from its all-time high in this week. On Wednesday stock has declined as much as 6.32% intraday.

Ajanta Pharma Limited:

As on 18th Dec 2019 share price of Ajanta Pharma Limited (AJANTPHARM) jumped as much as 2.22% in morning trade ahead of company received US FDA nod for hypertension drug, Captopril Tablet. However, stock has closed with marginal loss of 0.95% on daily basis.

NMDC Limited:

Share price of NMDC Limited (NMDC) continued its upward movement on Wednesday.  Stock has closed positive for seventh consecutive trading session. Yesterday it increased as much as 2.77% after it got 20-year extension for four iron ore mines.

Hindustan Unilever Limited:

On Thursday share price of Hindustan Unilever Limited (HINDUNILVR) closed negative for sixth consecutive trading session. As on 18th December 2019 stock has declined as much as 2.75% in morning trade. Credit Suisse had cut the target price of the stock.

Bharat Forge Limited:

As on 18th Dec 2019 share price of Bharat Forge Limited (BHARATGORG) continued its positive movement for fifth consecutive trading session. On Wednesday it rallied over 2% to hit its six-months high of 495.80.

Tata Steel Limited:

As on 18th Dec 2019 share price of Tata Steel Limited (TATASTEEL) jumped over 2% in morning trade after a media report suggested that the company may announce restructuring of the domestic business to unlock value. During the session it has made the high of 454.80 which was highest since 25th July 2019

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