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Stocks to Watch on 23 July 2019

23 July 2019

Wondering which are the prime stocks to watch in India? Does the stock market confuse you? Experts at CapitalVia have come up with the prime stocks to watch in India for 19th July 2019. These stocks should be monitored closely and have great potential earnings.

Wipro Ltd (WIPRO):

The positive trend has changed into a weaker mode as the support of Rs 280 is broken. That said, the stock is currently hovering around its 200 DMA, placed at Rs 264. Going ahead, the stock is likely to trade sideways.

DHFL:

Lenders to Dewan Housing Finance (DHFL) may propose this week a six-month moratorium on repayments of around Rs 80,000 crore of outstanding loans under the inter-creditor agreement, with private equity investors likely buying a fifth of the embattled home financier after the debt recast.

HDFC Bank:

The lender posted a 21 per cent year-on-year (YoY) rise in standalone net profit at Rs 5,568.16 crore for the quarter ended June 2019. The private sector lender had posted a net profit of Rs 4,601.44 crore in the corresponding quarter last year.

Axis Bank:

Private sector lender Axis Bank said its board has approved raising up to Rs 18,000 crore through an issue of equity shares, depository receipts or convertible securities.

InterGlobe Aviation:

The two warring founders of IndiGo are trying to find a middle ground on contentious issues a day after a board meeting ended, but a consensus is still elusive. The board has decided to expand its strength to a maximum of 10 members.

Dr Reddy’s Labs:

The drug major said it has completed sale of its US and select territory rights for two neurology products to Upsher-Smith Laboratories.

BHEL:

State-owned BHEL said it has secured an order worth Rs 486 crore from Nuclear Power Corporation of India Ltd (NPCIL) to erect the reactor side equipment in unit 3 and 4 of Kudankulam project.

IFCI:

The country's oldest public sector financial institution IFCI expects to mobilise Rs 1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange (NSE), during the current fiscal to fund business growth, a top company official said.

Bharti Airtel:

The telecom operator will seek shareholders’ approval for a waiver of recovery of excess remuneration paid to company chairman Sunil Bharti Mittal and CEO Gopal Vittal in 2018-19, the telecom company said Sunday.

RBL Bank:

The bank is planning a share sale to raise up to ₹3,500 crore, shoring up its capital base to expand into newer lending areas and maintain fast-paced growth in retail banking, chief executive officer Vishwavir Ahuja told ET.

These are the prime stocks to watch on 23rd July 2019. Keep a close eye and follow them for good potential returns.

So, what are you waiting for? Keep a close eye on these stocks as they have good potential earnings. Like always, we request you to Invest Responsibly.

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