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Stock to Watch on 31 July 2019

31 July 2019

For the stock market trading session on July 31, major support level of Nifty is expected at 11100 and 11050 .Whereas, major resistance level is expected at 11250 to 11300 crossing which there is an expectation of recovery in the market. With this condition of the markets in mind, here are  top stock trading tips by experts for July 31.

Dr Reddy’s Laboratories:

Dr Reddy's Laboratories appointed Erez Israeli as the chief executive officer (CEO) of the Company effective August 1, 2019.

BEML :

BEML commenced production of Metro Cars at its Bangalore facility, for MMRDA (Mumbai Metropolitan Region Development Authority) for its MRS1 project.

Infosys :

Al Ahli Bank of Kuwait partners with EdgeVerve Sysytems, a subsidiary of Infosys, for its Robotic Process Automation Journey.

Muthoot Finance:

Muthoot Finance reduces the Maximum ‘Loan to Value’ (LTV) to 70% of the gold price as against the RBI norms of up to 75%.

Coal India :

President of India acting through Ministry of Coal has sold 1.7% equity shares of Coal India for Rs 2,247 crore.

Strides Pharma Science:

Strides Pharma Science approved the scheme of amalgamation for merger of Arrow Remedies, Fagris Medica and Strides Emerging Markets with the Company

Strides enters the large China pharmaceutical market in a joint venture with Sihuan Pharmaceutical.

BEL :

Net profit up 11.7 percent At Rs 210.6 crore versus Rs 188.5 crore, revenue down at Rs 2,124.5 crore versus Rs 2,132.4 crore, YoY.

DLF :

Net profit at Rs 413 crore versus Rs 172.4 crore, profit include one-time gain at Rs 296.5 crore, revenue down 11.7 percent at Rs 1,331 crore versus Rs 1,507.4 crore, YoY.

MMTC:

MMTC has been assigned the Credit Rating of BWR A1+ by Brickwork Ratings India.

Dalmia Bharat Sugar:

Net profit down 8 percent at Rs 54.4 crore versus Rs 59.1 crore, revenue down 9.8 percent at Rs 589.5 crore versus Rs 653.3 crore, YoY.

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