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Top Stocks to Watch: ICICI Bank Limited, State Bank of India, Muthoot Finance Limited

18 Nov 2019

For the stock market trading session on 18 November 2019, major support level of Nifty is expected to be in the range of 11,800 to 11,715 whereas major resistance level is expected to be in the range of 12,000 to 12,040. Considering the prevailing condition of the market, here are top stocks to watch for 18 November 2019

ICICI Bank Limited:

As on 15 November 2019 share price of ICICI Bank Limited (ICICIBANK) increased as much as 2.22 percent to hit its all-time high of 509.70. In past six weeks stock has jumped over 20 percent. On Friday ICICI Bank said it will organise 2,000 major loan camps for on-the-spot approvals.

State Bank of India:

Share price of State Bank of India (SBIN) on Friday rallied over 5 percent to hit its three-month high after Supreme Court ruled in the favour of Committee of Creditors (CoC) in a landmark judgement in Essar Steel case.

Muthoot Finance Limited:

Last week share price of Muthoot Finance Limited (MUTHOOTFIN) traded near to its all-time of 718.65. On Thursday stock jumped as much as 10.37 percent intraday ahead of it reporting its second quarter earnings.

Vedanta Limited:

Share price of Vedanta Limited (VEDL) closed negative for fifth consecutive trading session. On Friday it closed with overall loss of 1.39 percent on daily basis and 8.68 percent negative on weekly basis.

Affle (India) Limited:

Affle (India) Limited (AFFLE) posted the second quarter earnings on 11 November 2019. Last week its shares price increased over 17 percent as it reported 51 percent jump in net profit. On Thursday stock hit its all-time high of 1704.25.

Lux Industries Limited:

On Friday share price of Lux Industries Limited (LUXIND) declined after 3-days of positive uptrend. On 15 November 2019 it fell around 1.8 percent, however it managed to close with overall gain of over 10 percent on weekly basis.

Whirlpool of India Limited:

Share price of Whirlpool of India Limited (WHIRLPOOL) jumped over 2 percent intraday on Friday to hit its all-time high of Rs 2324 per share, after it posted 63.82 percent jump (y-o-y) in its consolidated net profit.

Page Industries Limited:

On Friday share price of Page Industries Limited (PAGEIND) closed positive after 3-day losing streak. In last trading session of the week it increased as much as 4.71 percent after the management maintained its double-digit long-term margin guidance.

Sterling and Wilson Solar Limited:

As on 15 November 2019 share price of Sterling And Wilson Solar Limited (SWSOLAR) locked 20 percent lower circuit after promoters revised their loan repayment schedule announced during the IPO in August.

Bharti Airtel Limited:

On Friday share price of Bharti Airtel Limited (BHARTIARLT) jumped nearly 10 percent intraday despite big loss in second quarter on hopes that Vodafone, may get out of competition, if government will not solve the AGR issue.

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