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Stocks to Watch on 09 Oct 2019

09 Oct 2019

For the stock market trading session on 07 October 2019, major support level of Nifty is expected to be in the range of 11,085 to 11,000 whereas major resistance level is expected to be in the range of 11,235 to 11,400. Considering the prevailing condition of the market, here are top stocks to watch for 09 October 2019

Yes Bank Limited:

Shares of Yes Bank Limited (YESBANK) closed with overall gain of 7.59 percent on daily basis on Monday, after a media report said that the bank was in talks with strategic investors.

HDFC Bank Limited:

As on 07 Sept 2019 shares price of HDFC Bank Limited (HDFCBANK) closed negative for consecutive third trading session. It opened with positive note and traded positive up to 3 percent however it closed with marginal loss of 0.41 percent on daily basis.

Power Finance Corporation Limited:

Share price of Power Finance Corporation Limited (PFC) declined over 2 percent intraday on 07 October 2019. It closed negative for consecutive fifth trading session. Scrip is trading below its 50 & 200 Day EMAs.

Indiabulls Housing Finance Limited:

On Monday share price of Indiabulls Housing Finance Limited (IBULHSGFIN) declined over 12 percent intraday to touch the 5-year low of 213.50. It closed at 235.85 with overall loss of 3.83 percent on daily basis.

Tata Motors Limited:

On 07 October 2019 share price of Tata Motors Limited (TATAMOTORS) declined over 2 percent intraday after it reported sales data for the month of September 2019.

Bharat Petroleum Corporation Limited:

Share price of Bharat Petroleum Corporation Limited (BPCL) declined over 7 percent intraday on Monday. This was the second consecutive fall in the scrip, after government clears way for its privatisation.

Sobha Limited:

As on 07 October 2019 share price of Sobha Limited (SOBHA) declined around 5 percent intraday ahead of second quarter data report. During the session it made a low of 425.45 which was lowest since 12 December 2018.

Glenmark Pharmaceuticals Limited:

As on 07 October 2019 share price of Glenmark Pharmaceuticals Limited (GLENMARK) declined more than 14 percent intraday and touched 7-year low of 270 after the USFDA issued a warning letter to the company's Baddi facility.  

Aurobindo Pharma Limited:

As on 07 October 2019 shares price of Aurobindo Pharma Limited (AUROPHARMA) declined more than 20 percent intraday. CNBC TV18 reported that the company's unit-7 was inspected by the USFDA from 19-27 September 2019 and issued seven observations.

Zee Entertainment Enterprises Limited:

Share price of Zee Entertainment Enterprises Limited (ZEEL) jumped over 5 percent intraday on 07 October 2019 as promoters' increased pledge to 90 percent. IDFC Securities maintains outperform call on Zee Entertainment, with a target price of Rs 416 per share.

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