Top Stocks to Watch: Punjab National Bank, DLF Limited, Max Financial Services Limited

For the stock market trading session on 11th November 2019, major support level of Nifty is expected to be in the range of 11840 to 11780. Whereas major resistance level is expected to be in the range of 12040 to 12105. Considering the prevailing condition of the market, here are top stocks to watch for 11th November 2019

Punjab National Bank:

Share price of Punjab National Bank (PNB) continued its downward movement for the fourth consecutive trading session after it reported its second quarter numbers on Tuesday. As on 8th November 2019, it opened with negative note and traded sideways throughout the day and closed with marginal loss of 0.81 percent on daily basis.

Bank of Baroda:

As on 8th November 2019 share price of Bank of Baroda (BANKBARODA) declined as much as 2.50 percent intraday after it reported it second quarter numbers. Stock has fell 6.20 percent in last one week.

DLF Limited:

As on 8th November 2019 shares price of DLF Limited (DLF) increased as much as 8.96 percent intraday after the realtor found a place on the MSCI (Morgan Stanley Capital International) India Domestic Index.

Max Financial Services Limited:

Last week shares price of Max Financial Services Limited (MFSL) jumped over 23 percent. The company has reported net profit of Rs.42.16 crores for the period ended 30th September, 2019 versus Rs.33.70 crores for the period ended 30th June, 2019.

MindTree Limited:

On Friday share price of MindTree Limited (MINDTREE) declined over 2 percent intraday after Pradip Kumar Menon, the chief financial officer (CFO) of the company, had resigned.

Wockhardt Limited:

On 8 November 2019 Shares price of Wockhardt Limited (WOCKPHARMA) declined over 5 percent intraday after the company had reported net loss at Rs 94.2 crore versus a loss of Rs 31 crore year-on-year (YoY).

Hindustan Petroleum Corporation Limited:

On 8th November 2019, Hindustan Petroleum Corporation Limited (HINDPETRO) declined over 5 percent ahead of lower revenue in second quarter. Last week it declined over 8 percent to hit its six-week low.

SRF Limited:

On 8th November 2019 shares price of SRF Limited (SRF) gained as much as 2.43 percent intraday to hit its all-time high. It rose to an intraday high of Rs 3225 and closed with overall gain of 8.16 percent on weekly basis.

Sun Pharmaceutical Industries Limited:

Shares price of Sun Pharmaceutical Industries Limited (SUNPHARMA) on 8th November 2019 declined over 3 percent intraday a day after it reported positive quarterly numbers.

As on 8 November 2019 Shares price of UPL Limited (UPL) declined over 4 percent intraday ahead of 67 percent fall in net profit in July-September quarter. Last week it declined over 5 percent to hit its seven week low.

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