For the stock market trading session on 7 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 12,040 to 12,105. Considering the prevailing condition of the market, here are top stocks to watch for 7 November 2019
As on 6 November 2019 Share price of Canara Bank (CANBK) jumped over 3 percent intraday after it reported July-September quarter numbers. Its profit grew 21.8 percent year-on-year, driven by a decline in provisions and higher other income.
Punjab National Bank:
As on 6 November 2019 share price of Punjab National Bank (PNB) continued its negative movement after it reported July-September quarter numbers on Tuesday. As on Wednesday it traded sideways throughout the day and closed with marginal loss of 0.93 percent on daily basis.
Bajaj Finance Limited:
As on 6 November 2019 share price of Bajaj Finance Limited (BAJFINANCE) jumped as much as 1.23 percent intraday to hit its all-time high of 4280 however it closed with marginal loss of 0.97 percent after four consecutive positive sessions.
Titan Company Limited:
As on 6 November 2019 shares price of Titan Company Limited (TITAN) declined over 10 percent intraday after it reported financial results for the quarter ended 30 September 2019. Its net income decreased by 17.31 percent in second quarter.
As on 6 November 2019 share price of SRF Limited (SRF) gained over 5 percent intraday to hit its all-time high. It rose to an intraday high of Rs 3128.35 and closed with overall gain of 3.74 percent on daily basis. Stock continued its positive rally for fifth consecutive session.
PC Jeweller Limited:
As on 6 November 2019 Shares price of PC Jeweller Limited (PCJEWELLER) jumped over 11 percent intraday after the company settled the share buyback case with SEBI.
Aurobindo Pharma Limited:
Share price of Aurobindo Pharma Limited (ARUPHARMA) declined over 6 percent on Wednesday as USFDA has issued four observations each for its two units in Hyderabad after inspecting the sites last month.
Apollo Tyres Limited:
Apollo Tyres Limited (APOLLOTYRE) continued its negative movement on Wednesday. Stock declined over 9 percent in past two trading session after company reported 43.15 percent decline in its net profit on 5 November 2019.
As on 6 November 2019 shares price of Infosys Limited (INFY) jumped over 3 percent intraday after management commentary on whistle-blower complaints. Stock gained over 10 percent in past 11 trading session.
Tech Mahindra Limited:
As on 6 November 2019 shares price of Tech Mahindra Limited (TECHM) increased as much as 1.39 percent intraday to and closed with marginal loss of 0.33 percent on daily basis despite of positive second quarter earnings.