Top Stocks to Watch: Lux Industries Limited, Bharat Heavy Electricals Limited, Vedanta Limited, HDFC Asset Management Company Limited

For the stock market trading session on 15 November 2019, major support level of Nifty is expected to be in the range of 11,780 to 11,715 whereas major resistance level is expected to be in the range of 11,950 to 12,040. Considering the prevailing condition of the market, here are top stocks to watch for 15 November 2019

Lux Industries Limited:

Share price of Lux Industries Limited (LUXIND) continued its positive movement for third consecutive trading session. On 14 November 2019 it gained over 13 percent after company reported strong earnings growth in second quarter.

Bharat Heavy Electricals Limited:

As on 14 November 2019 shares price of Bharat Heavy Electricals Limited (BHEL) declined over 2 percent after it reported lower-than-expected revenue in September quarter due to weak power business.

Muthoot Finance Limited:

Share price of Muthoot Finance Limited (MUTHOOTFIN) closed green after 7 day losing streak. As on 14 November 2019 stock jumped as much as 10.37 percent intraday to reclaim Rs 700 levels, a day after it reported its second quarter result.

Vedanta Limited:

Share price of Vedanta Limited (VEDL) closed negative for consecutive fourth trading session. As on 14 November 2019 it declined as much as 3.8 percent despite of 61 percent jump (YoY) in consolidated profit for the Second quarter at Rs 2158 crore.

HDFC Asset Management Company Limited:

Share price of HDFC Asset Management Company Limited (HDFCAMC) closed positive for consecutive fifth trading session. Thursday it gained as much as 4.97 percent to hit its all-time high of 3774. Stock traded with higher volatility, a brisk decline was seen in stock prices after a rise in opening session.

Aurobindo Pharma Limited:

On Thursday share price of Aurobindo Pharma Limited (AUROPHARMA) declined over 8 percent to hit its 5-year low after USFDA issued 14 observations for Hyderabad unit.

Infosys Limited:

Shares price of Infosys Limited (INFY) on Thursday closed with positive note after its 3-day losing streak. As on 14 November 2019 it jumped as much as 2.66 percent intraday and closed with overall gain of 1.99 percent on daily basis.

Dr. Reddy's Laboratories Limited:

As on 14 November 2019 shares price of Dr. Reddy's Laboratories Limited (DRREDDY) continued its downward movement for fourth consecutive trading session despite announcement for entry into the nutrition segment with the launch of 'Celevida' in India.

Edelweiss Financial Services Limited:

As on 14 November 2019 share price of Edelweiss Financial Services Limited (EDELWEISS) jumped 5 percent intraday to hit upper circuit after company declared its second quarter earnings.

Hindalco Industries Limited:

Share price of Hindalco Industries Limited (HINDALCO) continued its downside movement after the company reported a mixed set of earnings for the September quarter. As on 14 November 2019 it declined as much as 2.77 percent.

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