For the stock market trading session on 25 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 conditions of the market, here are top stocks to watch for 25 September 2019
Reliance Industries Limited:
On Tuesday Reliance Industries (RELIANCE) gained more than 3 percent after Morgan Stanley maintained overweight rating with a target at Rs 1,469 per share. It closed at 1,277 with overall gain of 3.05 percent on daily basis.
Aurobindo Pharma Limited:
Aurobindo Pharma Limited (AUROPHARMA) fell up to 4.5 percent intraday after SEBI imposed a penalty on the promoter and related entities for insider trading. However, before the closing, all of its earlier losses were recovered, and it closed with a marginal gain of 0.11 percent on daily basis.
Manappuram Finance Limited:
As on 24 September 2019 Manappuram Finance Limited (MANAPPURAM) traded on two months high as the board of the company has approved raising up to Rs 465 crore via NCDs.
Promoters released a pledge on 1 lakh shares (0.02 percent equity). As on 24 September 2019 shares price of NCC Limited (NCC) fell more than 5 percent. It closed at 64.50 with overall loss of 5.29 percent on daily basis.
State Bank of India:
As on 24 September 2019 Nifty PSU Bank fell more than 2 percent, driven by State Bank of India which was down over 4 percent as compared to previous day closing. It closed below its 50 & 200 Days EMAs.
IDBI Bank Limited:
On Tuesday IDBI Bank Limited (IOC) jumped more than 10 percent while it recovered more than 26 percent in past three trading sessions. It made a high of 34.40 which was the highest since 22 July 2019.
Eicher Motors Limited:
On Tuesday Eicher Motors Limited (EICHERMOT) down more than 4 percent intraday. It ended down at 18,500 with overall loss of 3.84 percent in daily basis. Scrip is sustaining above its 50 & 100 Days EMAs.
Bharat Petroleum Corporation Limited:
As on 24 September 2019 Bharat Petroleum Corporation Limited (BPCL) gained more than 5 percent during the session. It opened with positive note and closed with overall gain of 1.66 percent.
Zee Entertainment Limited:
On Tuesday Share price of Zee Entertainment Limited (ZEEL) recovered from lower level to break the downward trend for the past 6 consecutive sessions. It ended up at 281.05 with overall gain of 3.48 percent on daily basis.
Petronet LNG Limited
As on 24 September 2019 share price of Petronet LNG Limited (PETRONET) gained 1.25 percent intraday, two days after signing a Memorandum of Understanding (MoU) with US natural gas company Tellurian Inc.