Top Stocks to Watch: L&T Finance Holdings Limited, Mahindra & Mahindra Limited, Aurobindo Pharma Limited

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For the stock market trading session on 2 December 2019, major support level of Nifty is expected to be in the range of 12,000 to 11,883 whereas major resistance level is expected to be in the range of 12,187 to 12,226. Considering the prevailing condition of the market, here are top stocks to watch for 2 December 2019.

L&T Finance Holdings Limited:

As on 29 November 2019 share price of L&T Finance Holdings Limited (L&TFH) jumped as much as 7.86 percent intraday. Stock has rallied over 24 percent in last week. During the session it made a high of 123.50 which was highest since 18 July 2019.

Mahindra & Mahindra Limited:

As on 29 November 2019 Mahindra & Mahindra Limited (M&M) declined over 2 percent intraday to hit its fresh two-month low of 528.25 ahead of the month's sales data. Overall auto sales are likely to be mixed in November with commercial vehicles and two-wheeler.

Aurobindo Pharma Limited:

As on 29 November 2019 share price of Aurobindo Pharma Limited (AUROPHARMA) increased over 2 percent intraday in the morning trade after a subsidiary agreed to buy some business assets of the US-based Profectus BioSciences, a clinical-stage vaccine development company. Stock’s price has recovered more than 15 percent from its 5-years low.

Bharti Airtel Limited:

As on 29 November 2019 share price of Bharti Airtel Limited (BHARTIARTL) jumped nearly 3 percent intraday after reports emerged that the company has submitted bids for the assets of Reliance Communications (RCOM).

Tata Communications Limited:

Last week share price of Tata Communications Limited (TATACOMM) gained over 23 percent after the company signed an agreement with Kacific Broadband Satellites Group. As on 29 November 2019 scrip has traded sideways and it has closed below its 200 Days EMA.

Indiabulls Housing Finance Limited:

Share price of Indiabulls Housing Finance Limited (IBULHSGFIN) traded with volatility, it gained over 12 percent in the morning trade on 29 November 2019 and closed with overall loss 13.37 percent. On weekly basis stock has rallied over 22 percent after the government filed affidavit in Delhi High Court said it did not find any irregularities in loans given to five companies.

Adani Green Energy Limited:

As on 29 November 2019 share price of Adani Green Energy Limited (ADANIGREEN) hit 5 percent upper circuit for second consecutive trading session. Stock has rallied over 28 percent in last week, while it has rallied over 52 percent in the month of November 2019.

Adani Gas Limited:

As on 29 November 2019 Adani Gas Limited (ADANIGAS) jumped as much as 12.88 percent ahead of CCI's approval for acquisition of stake in the company by Total Group. Stock has given positive closing for third consecutive session on Friday.

Dilip Buildcon Limited:

As on 29 November 2019 share price of Dilip Buildcon Limited (DBL) gained over 5 percent intraday after the company got the nod for a Rs 1,362.06 crore expressway project in Uttar Pradesh, however stock has closed below its 50-Day EMA.

Zee Entertainment Enterprises Limited:

Share price of Zee Entertainment Enterprises Limited (ZEEL) declined for fifth consecutive trading session, last week stock has declined over 18 percent. As on 29 November 2019 it traded with volatility, in the morning trade it gained as much as 4.18 percent and gave closing with overall loss of 5.77 percent.

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