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Stocks to Watch on 24 Sep 2019

24 Sep 2019

For the stock market trading session on 24 September 2019, major support level of Nifty is expected to be in the range of 11,470 to 11,380. Whereas major resistance level is expected to be in the range of 11,700 to 11,810. Considering the prevailing condition of the market, here are top stocks to watch for 24 September 2019

Axis Bank Limited:

Shares of Axis Bank Limited (AXISBANK) jumped more than 7 percent intraday on 23 September 2019 after it raised Rs 12,500 crore in qualified institutional placement from foreign and local investors.

Maruti Suzuki India Limited:

On Friday Maruti Suzuki India Limited (MARUTI) jumped more than 4 percent intraday ahead of corporate tax cut.  As on 23 September 2019 Nifty Auto gained approximately 3 percent. Scrip is trading above its 50 and 200 Days EMAs.

Hindustan Petroleum Corporation Limited:

As on 23 September 2019 Hindustan Petroleum Corporation Limited (HINDPETRO) gained 3.55 percent after global brokerage raised target price to Rs 260 from Rs 250.

Petronet LNG Limited

On Monday share price of Petronet LNG Limited (PETRONET) fell to 251.35 which was 5.46 percent down as compare to previous day closing. It has signed a preliminary deal to buy a stake in Tellurian Inc's proposed Driftwood project in Louisiana and import 5 million tonnes a year of LNG and during the session it made high of 299.

CIPLA Limited:

As on 23 September 2019 shares of Cipla Limited (CIPLA) down more than 3 percent intraday, after the company got EIR from US FDA for company’s API manufacturing unit in Virgonagar.

Reliance Capital Limited:

As on 23 September 2019 shares price of Reliance Capital Limited (RELCAPITAL) down nearly 8 percent intraday as the company credit rating agency CARE downgraded the rating to "CARE D" for the company’s long-term debt program.

ICICI Securities Limited:

As on 23 September 2019 ICICI Securities Limited (ISEC) gained more than 10 percent intraday. It closed at 300 with overall gain of 17.44 percent.

HEG Limited:

As on 16 September 2019 HEG Limited (HEG) Promoter created a pledge on 1.05 crore shares (0.5 percent equity) of the company. As on Monday shares price was down more than 3 percent intraday and closed at 1178.

Bharat Petroleum Corporation Limited:

As on 23 September 2019 Bharat Petroleum Corporation Limited (BPCL) jumped more than 13 percent. During the session it hit 52 weeks high. Credit Suisse raised target of BPCL to Rs 320 from Rs 300 per share on the back of corporate tax rate cut.

Indian Oil Corporation Limited:

As on 24 September 2019 Indian Oil Corporation Limited (IOC) jumped more than 8 percent as target price on IOC was raised to Rs 120 from Rs 115 per share by  Credit Suisse.

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