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Top Stocks to Watch: State Bank of India, Tata Steel Limited, Century Textiles & Industries Limited

19 Nov 2019

For the stock market trading session on 19 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 19 November 2019

State Bank of India:

Shares price of State Bank of India (SBIN) on Monday increased over 2 percent intraday to hit its three-month high ahead of Supreme Court ruling in the favour of Committee of Creditors (CoC) in a landmark judgement in Essar Steel case.

Muthoot Finance Limited:

As on 18 November 2019 Muthoot Finance Limited (MUTHOOTFIN) jumped as much as 5 percent to hit its all-time high of 737.25. On Monday stock has closed with overall gain of 1.58 percent.

Tata Steel Limited:

Shares price of Tata Steel Limited (TATASTEEL) jumped over 4 percent intraday after the company completed stake sale in NatSteel Vina Co. Ltd (NSV).  Scrip has closed above 50 & 100 Days EMAs.

Century Textiles & Industries Limited:

Share price of Century Textiles & Industries Limited (CENTURYTEX) closed positive for consecutive fourth trading session. As on 18 November 2019 stock has jumped over 7 percent, while in past four trading sessions it rallied over 15 percent.

Bajaj Electricals Limited:

On Monday shares price of Bajaj Electricals Limited (BAJAJELEC) declined as much as 4.4 percent to hit its two-year low after ICRA downgraded its long-term rating.

Power Finance Corporation Limited:

As on 18 November 2019 Power Finance Corporation Limited (PFC) increased as much as 7.47 percent intraday to hit its 3-month high. Scrip is trading above its 50 & 200 Days EMAs.

Sterling and Wilson Solar Limited:

As on 18 November 2019 shares price of Sterling and Wilson Solar Limited (SWSOLAR) locked 20 percent lower circuit for consecutive second trading session as promoters revised their loan repayment schedule announced during the IPO in August.

Glenmark Pharmaceuticals Limited:

Glenmark Pharmaceuticals Limited (GLENMARK) closed positive for consecutive third trading session. Stock has increased over 33 percent from its six years low in past three trading session, on Monday it jumped over 21 percent intraday. Global research firm CLSA has upgraded the stocks target from Rs 350 to Rs 410 per share.

Wockhardt Limited:

On 18 November 2019 share price of Wockhardt Limited (WOCKPHARMA) rallied over 13 percent intraday as domestic and global private equity firms are in the race to buy select business divisions of the company.

Cadila Healthcare Limited:

Share price of Cadila Healthcare Limited (CADILAHC) jumped over 5 percent intraday on Monday after company received approval from the USFDA to market Apremilast tablets in multiple strengths.

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