Top Stocks to Watch: Max Financial Services Limited, Punjab National Bank, Hindustan Petroleum Corporation Limited

For the stock market trading session on 8 November 2019, major support level of Nifty is expected to be in the range of 11,840 to 11,780 whereas major resistance level is expected to be in the range of 12,040 to 12,105. Considering the prevailing condition of the market, here are top stocks to watch for 8 November 2019

Max Financial Services Limited:

As on 7 November 2019 Shares price of Max Financial Services Limited (MFSL) jumped over 11 percent intraday after brokerages remained bullish on the stock, expecting a 28-36 percent return after Q2 earnings.

Punjab National Bank:

As on 7 November 2019 shares price of Punjab National Bank (PNB) declined over 9 percent in past three trading sessions after it reported its second quarter numbers on Tuesday. As on Thursday it traded with negative sentiments throughout the day and closed with overall loss of 3.95 percent on daily basis.

PNB Housing Finance Limited:

As on 7 November 2019 shares price of PNB Housing Finance Limited (PNBHOUSING) jumped as much as 6.83 percent intraday to hit its one month high after company said that Rs 2,500cr will be raised by issuing bonds (NCDs) to LIC.

Hindustan Petroleum Corporation Limited:

As on 7 November 2019 Hindustan Petroleum Corporation Limited (HINDPETRO) reported 29.80 percent growth in second quarter, but due to lower revenue than the expectations, the stock closed with overall loss of 1.16 percent on daily basis.

SRF Limited:

As on 7 November 2019 shares price of SRF Limited (SRF) gained over 3 percent intraday to hit its all-time high. It rose to an intraday high of Rs 3165 and closed with overall gain of 2.80 percent on daily basis. In past six trading sessions stock has increased over 13 percent.

Sun Pharmaceutical Industries Limited:

Share price of Sun Pharmaceutical Industries Limited (SUNPHARMA) on 7 November 2019 jumped over 3 percent intraday after it reported profit of Rs 1,065 crore during the second quarter current fiscal year, against loss of Rs 269.6 crore in the second quarter of last fiscal year.

UPL Limited:

As on 7 November 2019 Shares price of UPL Limited (UPL) declined over 8 percent intraday after it reported 67 percent fall in net profit in July-September quarter.

Fortis Healthcare Limited:

Shares price of Fortis Healthcare Limited (FORTIS) jumped over 5 percent to hit its 52-week high on 7 November 2019 after it reported increased in its Net Profit by 166.57 percent.

Maruti Suzuki India Limited:

Shares price of Maruti Suzuki India Limited (MARUTI) continued its negative movement for fourth consecutive trading session. Till 7 November 2019 it declined over 4 percent on weekly basis.

Manappuram Finance Limited:

As on 7 November 2019 shares price of Manappuram Finance Limited (MANAPPURAM) increased as much as 3.07 percent intraday and closed with marginal loss of 0.48 percent on daily basis ahead of second quarter earnings.

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