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Top Stocks to Watch: Bank of Baroda, IIFL Finance Limited, Eicher Motors Limited

4 Dec 2019

For the stock market trading session on 4 December 2019, major support level of Nifty is expected to be in the range of 11,883 to 11,800. Whereas major resistance level is expected to be in the range of 12,160 to 12,226. Considering the prevailing condition of the market, here are top stocks to watch for 4 December 2019

Bank of Baroda:

As on 3 December 2019 share price of Bank of Baroda (BANKBARODA) declined over 3 percent as the lender is to consider raising capital funds through the issue of capital debt instruments on 5 December 2019.

IIFL Finance Limited:

As on 2 December 2019 share price of IIFL Finance Limited (IIFL) declined over 8 percent a day after ICRA reaffirmed ICRA AA rating with change in outlook from stable to negative to the subsidiary & step-down subsidiary company.

Yes Bank Limited:

As on 3 December 2019 share price of Yes Bank Limited (YESBANK) closed negative for third consecutive session. On Tuesday stock has fell over 7 percent it was the top loser among the Nifty Bank. Stock price has declined over 15 percent in the past three trading sessions.

Eicher Motors Limited:

As on 3 December 2019 share price of Eicher Motors Limited (EICHERMOT) closed negative for third consecutive trading session ahead of decline in company's sales in the month of November 2019.

Biocon Limited:

As on 3 December 2019 share price of Biocon Finance Limited (BIOCON) increased as much as 4.62 percent to hit its seven-month high of 299 as Biocon and its partner Mylan announced the launch of Ogivri a biosimilar to Herceptin in the USA.

Zee Entertainment Enterprises Limited:

Share price of Zee Entertainment Enterprises Limited (ZEEL) declined for seventh consecutive trading session. On Tuesday stock price fell as much as 7.41 percent to hit its one-month low of 271.10.

Adani Ports and Special Economic Zone Limited:

As on 3 December 2019 share price of Adani Ports and Special Economic Zone Limited (ADANIPORTS) declined over 4 percent and gave closing below its important support level of 361. Stock is having immediate support level at 357 and it formed a Bearish Marubozu Candlestick Pattern in daily charts on Tuesday.

Sun Pharmaceutical Industries Limited:

As on 3 December 2019 share price of Sun Pharmaceutical Industries Limited (SUNPHARMA) closed negative for fourth trading session after the US court denied dismissing some claims of certain plaintiffs related to Ranbaxy case. On Tuesday stock has declined over 2 percent intraday.

Pfizer Limited:

AS on 3 December 2019 share price of Pfizer Limited (PFIZER) has closed positive for fourth consecutive trading session. On Tuesday it gained over 4 percent to hit its all-time high of 4388.55.

Piramal Enterprises Limited:

As on 3 December 2019 share price of Piramal Enterprises Limited (PEL) declined over 6 percent after giving the positive closing for four consecutive session. During the session it formed the low of 1695.85 with was lowest since 7 November 2019.

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