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Stocks to Watch on 23 Oct 2019

23 Oct 2019

For the stock market trading session on 23 October 2019, major support level of Nifty is expected to be in the range of 11490 to 11400. Whereas major resistance level is expected to be in the range of 11715 to 11775. Considering the prevailing condition of the market, here are top stocks to watch for 23 October 2019

Bajaj Finance Limited:

On 22 October 2019 share prices of Bajaj Finance Limited (BAJFINANCE) declined over 2 percent despite of positive quarterly result. It reported profit of Rs 1,506.3 crore in July-September quarter growth of 63 percent y-o-y and Net interest income increased by 48 percent year-on-year to Rs 3,999 crore.

SBI Life Insurance Company Limited:

On 22 October 2019 share prices of SBI Life Insurance Company Limited (SBILIFE) jumped over 7 percent intraday to hit all time high of 997.50 and closed near to it.  Stock traded positive for the fifth consecutive session on Tuesday.

Kotak Mahindra Bank Limited:

Kotak Mahindra Bank Limited (KOTAKBANK) traded sideways on 22 October 2019. It reported a 51 percent year-on-year rise in net profit for the quarter ended 30 September 2019.

Infosys Limited:

On 22 October 2019 shares of Infosys Limited (INFY) declined over 16 percent intraday its biggest fall in six years after a whistle-blower complaint against its top executives.

Century Textiles & Industries Limited:

On 22 October 2019 share prices of Century Textiles & Industries Limited (CENTURYTEX) jumped over 16 percent intraday. In past three trading session stock has rallied over 22 percent from lower and trading above its 50 and 200 Days EMAs.

Granules India Limited:

Granules India Limited (GRANULES) traded positive for fourth consecutive session. On 22 October 2019 shares price gained more than 18 percent intraday after it reported 59 percent rise in its net profit YoY. The company’s revenue jumped 20.4 percent.

Indian Railway Catering and Tourism Corporation Limited:

Shares price of Indian Railway Catering and Tourism Corporation Limited (IRCTC) traded positive for third consecutive session. As on 22 October 2019 it jumped over 11 percent intraday. Its market capitalisation increased to nearly Rs 14,000 crore from Rs 5,000 crore in a week.

DLF Limited:

On 22 October 2019 share prices of DLF Limited (DLF) rallied over 8 percent ahead of good response to its new housing project launched in Gurugram. The stock has rallied for consecutive seventh trading session on Tuesday and closed at 177.20 with overall gain of 4.95 percent on daily basis.

SHREE CEMENT LIMITED:

As on 22 October 2019 shares price of SHREE CEMENT LIMITED (SHREECEM) jumped over 11 percent intraday after the company reported its second quarter earnings on 19 October 2019.

Dish TV India Limited:

As on 22 October 2019 shares of Dish TV (DISHTV) declined over 12 percent intraday and hit its 10-year low after promoters reduced their stake in the July-September quarter.

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