Top Stocks to Watch: ICICI Bank Limited, Manappuram Finance Limited, Muthoot Finance Limited

For the stock market trading session on 30th December 2019, major support level of Nifty is expected to be in the range of 12118 to 12070 whereas major resistance level is expected to be in the range of 12295 to 12320. Considering the prevailing condition of the market, here are top stocks to watch for 30th December 2019

ICICI Bank Limited:

As on 27th Dec 2019 share price of ICICI Bank Limited (ICICIBANK) jumped over 2% to hit its all-time high of 553.80. The stock has gained over 52% of its market value on NSE in Calendar year 2019, so far.

Manappuram Finance Limited:

As on 27th Dec 2019 share price of Manappuram Finance Limited (MANAPPURAM) closed positive for third consecutive session and closed at the record high. As on 27th December 2019 stock has jumped as much as 3.13% to hit its all-time high of 178.00.

Muthoot Finance Limited:

As on 27th December 2019 share price of Muthoot Finance Limited (MUTHOOTFIN) closed positive for sixth consecutive session. Last week price has jumped over 4% to hit its all-time high of 764.90. Stock is trading above its 21, 50 & 200-Days EMAs.

ICICI Securities Limited:

As on 27th Dec 2019 share price of ICICI Securities Limited (ISEC) opened with positive note and traded with positive sentiments throughout the day. During the session price has locked its 20% upper circuit at 436.65 and closed at 426.85 with overall gain of 17.30%.

Igarashi Motors India Limited:

Last week share price of Igarashi Motors India Limited (IGARASHI) rallied over 61% with the heavy volume to hit its nine-months high. On 27th December 2019 price has made the high of 416.40 which was highest since 06th March 2019. Price are trading above its 21, 50 & 200 Days EMAs.

SRF Limited:

Share price of SRF Limited (SRF) closed positive for fifth consecutive week. Last week price has jumped over 3% to hit its all-time high of 3449. On 27th December 2019 it closed at 3420.80 with marginal gain of 0.21% as compared to previous closing.

Tata Steel Limited:

As on 27th Dec 2019 share price of Tata Steel Limited (TATASTEEL) continued its positive movement and closed positive for eighth consecutive trading sessions. Prices have recovered over 46% from its 52-weeks low.  

HDFC Asset Management Company Limited:

Last week share price of HDFC Asset Management Company Limited (HDFC) traded in a narrow range throughout the week. As on 27th December 2019 price has closed with marginal gain of 0.38%.  Scrip is trading above its important Moving Averages.

HDFC Life Insurance Company Limited:

After gain for eleventh consecutive trading sessions as on 27th December 2019 share price of HDFC Life Insurance Company Limited (HDFCLIFE) closed negative ahead of profit booking. The stock has gained over 63% of its market value on NSE in Calendar year 2019, so far.

Page Industries Limited:

As on 27th Dec 2019 share price of Page Industries Limited (PAGEIND) gained as much as 6.68% intraday after ICRA retained 'stable' ratings on the bank facilities of the company.

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