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Top Stocks to Watch: RBL Bank Limited, Yes Bank Limited, ICICI Securities Limited

9 Dec 2019

For the stock market trading session on 9 December 2019, major support level of Nifty is expected to be in the range of 11,865 to 11,800 whereas major resistance level is expected to be in the range of 12,082 to 12,160. Considering the prevailing condition of the market, here are top stocks to watch for 9 December 2019

RBL Bank Limited:

AS on 06th December 2019 share price of RBL Bank Limited (RBLBANK) has closed negative for second consecutive trading session after company said it has raised Rs 2,025.27 crore from institutional investors through a qualified institutional placement (QIP).

Yes Bank Limited:

As on 06th December 2019 share price of Yes Bank Limited (YESBANK) declined over 10 percent intraday after Moody's downgraded the bank's ratings and assigned a negative outlook. In last week stock prices fell up to 18 percent.

ICICI Securities Limited:

As on 06th December 2019 share price of ICICI Securities Limited (ISEC) increased as much as 4.17 percent intraday to hit its fresh 52 week high of 359.70. Stock is trading with its Bullish MA crossover and MACD crossed the Zero Line from below which indicates a new uptrend may be emerging.

HDFC Asset Management Company Limited

Last week share price of HDFC Asset Management Company Limited (HDFCAMC) declined over 10 percent as Standard Life is to sell up to 2.23 percent stake in the company via offer for sale. Stock has declined 14.67 percent from its all-time high in past 9-trading sessions.

Tata Motors Limited:

As on 06th December 2019 share price of Tata Motors Limited (TATAMOTORS) declined over 3 percent intraday as its JLR November UK sales fell to 8,199 units against 9,055 units YoY.

InterGlobe Aviation Limited:

Last week share price of InterGlobe Aviation Limited (INDIGO) declined over 9 percent to hit its fresh 4-month low of 1305.55. On Friday it recovered from lower levels and closed with marginal gain of 0.50 percent.

Voltas Limited:

As on 06th December 2019 share price of Voltas Limited (VOLTAS) declined as much as 3.14 percent intraday. Stock is trading with its Bearish MA crossover and MACD crossed the Zero-Line from above which indicate a new downtrend may be emerge.

Dr. Reddy's Laboratories Limited:

As on 6 December 2019 share price of Dr. Reddy's Laboratories Limited (DRREDDY) increased as much as 2.70 percent intraday after company said it has launched its Deferasirox tablets for oral suspension used for treatment of chronic iron overload, in the US market.

Piramal Enterprises Limited:

As on 06th December 2019 share price of Piramal Enterprises Limited (PEL) closed with overall loss of 3.7 percent to hit its one month low of 1629.75. Last week stock declined nearly 10 percent and traded below its 50 & 200 EMAs.

Gati Limited:

As on 06th December 2019 share price of Gati Limited (GATI) declined over 5 percent as Allcargo Logistics will buy majority stake at Rs 75 per share. Allcargo Logistics will buy 1.04 crore shares of Gati.

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