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Top Stocks to Watch: Punjab National Bank, Apollo Tyres Limited, Bajaj Finance Limited

6 Nov 2019

For the stock market trading session on 6 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 12,000 to 12,040. Considering the prevailing condition of the market, here are top stocks to watch for 6 November 2019

Punjab National Bank:

Shares price of Punjab National Bank (PNB) declined over 5 percent after it reported July-September quarter numbers. As on 5 November 2019 it reported a profit of Rs. 507.05 crore for the second quarter against a net loss of Rs. 4,532.35 crore for the corresponding period a year ago. As on Tuesday it closed on negative note after seven consecutive positive sessions.

Apollo Tyres Limited:

As on 5 November 2019 Apollo Tyres Limited (APOLLOTYRE) declined over 3 percent intraday after it reported 43.15 percent decline in its net profit at Rs 83 crore for the July-September quarter.

Bajaj Finance Limited:

As on 5 November 2019 share price of Bajaj Finance Limited (BAJFINANCE) jumped over 3 percent intraday to hit its all-time high as its QIP received a huge subscription from investors.

Bajaj Finserv Limited:

As on 5 November 2019 share price of Bajaj Finserv Limited (BAJAJFINSV) gained over 2 percent intraday to hit. It rose to an intraday high of Rs 8887.75 and closed with overall gain of 1.53 percent on daily basis. In past two trading sessions the stock has jumped over 9 percent.

BEML Limited:

BEML Limited (BEML) continued its downward movement on Tuesday also after it reported a consolidated loss of Rs 27.2 crore for the July-September quarter. It declined nearly 2.5 percent intraday on 5 November 2019.  

Dabur India Limited:

Shares price of Dabur India Limited (DABUR) jumped nearly 5 percent to hit its 52-week high after it reported a profit of Rs. 403 crores for the second quarter. Its net profit increased by 7 percent in July-September quarter.

Cadila Healthcare Limited:

After fall of more than 5 percent on Monday Cadila Healthcare Limited (CADILAHC) continued its downward movement on Tuesday despite of final approval received from the US FDA for its generic version of muscle relaxant Cisatracurium Besylate Injection.

Biocon Limited:

As on 5 November 2019 shares price of Biocon Limited (BIOCON) declined over 3 percent after it got EIR (establishment inspection report) from USFDA for Bengaluru biologics unit.

PNB Housing Finance:

As on 5 November 2019 shares price of PNB Housing Finance (PNBHOUSING) increased as much as 3.66 percent intraday to hit its one month high and closed with overall gain of 1.1 percent on daily basis after it allotted NCDs worth Rs 2500 crore on 7 November 2019.

Federal Bank Limited:

Shares price of Federal Bank Limited (FEDERALBNK) declined over 4 percent intraday on Tuesday after it rallied over 7 percent in consecutive three positive session. It has closed below its 50 & 200 Days EMAs.

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