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Stocks to Watch on 29 July 2019

29 July 2019

Nifty is currently trading along its major Resistance level and seems to continue this flat bullish trend. Major support level of Nifty is expected at 11250 and 11200. While, Major resistance level is expected at 11350 to 11400 crossing which there is an expectation of recovery in the market.

With the market’s performance for today in mind, here are 10 stocks that we feel you should look out for:

Tata Motors:

Homegrown auto major Tata Motors reported a consolidated net loss of Rs 3,679.66 crore for the first quarter ended June 30, hit by lower sales in China and India.

Indiabulls Housing Finance:

The NBFC said the board has recommended Gagan Banga as CEO of the proposed entity to be formed after its merger with Lakshmi Vilas Bank.

PNB:

State-owned Punjab National Bank (PNB) said it board has approved raising INR 5,000 crores through follow on public offer.

Tata Steel BSL:

The company reported a consolidated net profit of Rs 111.05 crore for the first quarter ended June 30. The company, which was acquired by Tata Steel in May 2018, had clocked a net profit of Rs 2,104.28 crore in the same quarter last fiscal.

Bank of Baroda:

The bank’s overall exposure to accounts in bankruptcy court at Rs 37,000 crore. The lender's watchlist stood at Rs 16,500 crore, the bank said.

Mphasis:

The IT firm reported a 2.4 per cent rise in consolidated net profit at Rs 264.6 crore for the June 2019 quarter.

Biocon:

The biotechnology major reported a 72.34 per cent rise in consolidated net profit to Rs 206.3 crore for June quarter, mainly on account of robust growth of biologics and small molecules segments.

SAIL:

The state-run steel maker said it has got approval from the Indian Register of Shipping (IRS) to manufacture special shipbuilding grade plates.

Gruh Finance:

The NBFC reported almost flat net profit at Rs 115.64 crore in its net profit for the first quarter ended June 30.

South Indian Bank:

The private sector bank posted more than three-fold jump in its net profit to Rs 73.26 crore for the quarter ending June on higher interest income and a fall in bad loan provisions.

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