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Top Stocks to watch: Bank of India, IndusInd Bank Limited, Lupin Limited, Dr. Reddy's Laboratories Limited

4 Nov 2019

For the stock market trading session on 4 November 2019, major support level of Nifty is expected to be in the range of 11,840 to 11,780 whereas major resistance level is expected to be in the range of 11,950 to 12,000. Considering the prevailing condition of the market, here are top stocks to watch for 4 November 2019

Bank of India:

As on 1 November 2019 shares price of Bank of India (BANKINDIA) jumped over 6 percent after it reported a profit of Rs 266.4 crore for the July-September quarter. It rose to an intraday high of Rs 75.55 which was highest since 31 July 2019 however it closed with marginal loss of 0.84 percent on daily basis.

IndusInd Bank Limited:

IndusInd Bank Limited (INDUSIND) jumped more than 4 percent intraday on Friday on finalisation of a potential candidate as Managing Director and CEO.

Lupin Limited:

As on 1 November 2019 shares price of Lupin Limited (LUPIN) increased over 4 percent intraday after a media report indicated that the pharma company was planning to sell its Japanese generics subsidiary.

Dr. Reddy's Laboratories Limited:

As on 1 November 2019 shares price of Dr. Reddy's Laboratories Limited (DRREDDY) declined over 1 percent despite of positive quarterly result. Company doubled its profit to Rs 1,093 crore in the July-September quarter, compared to Rs 504 crore reported in the same period last year.

Bharti Airtel Limited:

As on 1 November 2019 share price of Bharti Airtel Limited (BHARTIARTL) opened on negative note ahead of S&P placing the company’s ratings on credit watch negative. However, all its losses were recovered before it closed with a marginal loss of 0.23 percent at 373.40.

Kansai Nerolac Paints Limited:

Shares price of Kansai Nerolac Paints Limited (KANSAINER) jumped over 4 percent intraday on Friday after the company reported 59.4 percent YoY jump in its net profit in the second quarter. Stock rose to an intraday high of Rs 573 which was highest since 11 January 2018 however it closed with overall loss of 3.31 percent on daily basis.

TVS Motor Company Limited:

As on 1 November 2019 shares price of TVS Motor Company Limited (TVSMOTOR) declined over 5 percent intraday. Company reported an 18.8 percent year-on-year decline in October sales.

Vodafone Idea Limited:

As on 1 November 2019 share price of Vodafone Idea Limited (IDEA) increased over 23 percent intraday after the management denied reports of exiting its India business.

Mahindra & Mahindra Limited:

As on 1 November 2019 share price of Mahindra & Mahindra Limited (M&M) declined over 4 percent intraday after it reported fall of 11 percent to 51,896 units in October sales.

Zee Entertainment Enterprises Limited:

As on 1 November 2019 shares price of Zee Entertainment Enterprises Limited (ZEEL) jumped over 20 percent intraday. It rallied over 33 percent in past two trading session.

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