Stocks to Watch on 12 Sep 2019

For the stock market trading session on 12 September 2019, major support level of Nifty is expected to be in the range of 10,965 to 10,890. Whereas major resistance level is expected to be in the range of 11,080 to 11,150. Considering the prevailing condition of the market, here are top stocks to watch for 12 September 2019

Yes Bank Limited:

As on 11 September 2019 Yes Bank Limited (YESBANK) traded higher after stake sale reports to Paytm. It closed at 71.30 with overall gain of 13 percent.

Star Paper Mills Limited:

On Wednesday Star Paper Mills Limited (STARPAPER) opened with positive note and traded with positive sentiments throughout the day. It ended up 20 percent higher at Rs 129.90. In just the month of September stock has gained more than 44 percent.

Bata India Limited:

As on 11 September 2019 Bata India Limited (BATAINDIA) made a fresh all time high of 1,574.50 and closed near to it with marginal gain of 1.79 on daily basis.

Tata Motors Limited:

In August 2019 sale of Jaguar Land Rover retail was 34,176 vehicles, which was down 6.7 percent as compared to August 2018. However, stock of Tata Motors Limited (TATAMOTORS) gained more than 10 percent intraday on Wednesday which was the highest among the Nifty Auto.

Glenmark Pharmaceuticals Limited:

Glenmark Pharmaceuticals (GLENMARK) receives ANDA approval for Clobetasol Propionate Foam. Stock opened on a positive note however it traded range bound and closed at 383.50 with marginal loss of 0.29 percent on daily basis.

Mangalore Refinery and Petrochemicals Limited:

Refinery operations of Mangalore Refinery and Petrochemicals Limited (MRPL) have resumed, after taking corrective actions. Stock gained approximately 3 percent as on 11 September 2019.

Piramal Enterprises Limited:

Piramal Enterprises Limited (PEL) gained before the board meeting which will be on 13 September 2019 for issue of secured non-convertible debentures on private placement basis. It ended up 4.33 percent higher at Rs. 1974 on Wednesday.

HCL Technologies Limited:

HCL Technologies Limited (HCLTECH) acquire Sankalp Semiconductor. As on 11 September 2019 stock traded below its one month low and closed with overall loss of 2.53 percent on daily basis.

Jindal Steel & Power Limited:

As on 11 September 2019 Jindal Steel & Power Limited (JINDALSTEL) opened with positive note and traded with positive sentiments throughout the session. It closed at 107.30 with overall gain of 12.36 percent on daily basis.

Eicher Motors Limited:

Eicher Motors Limited (EICHERMOT) jumped more than 5 percent intraday on Wednesday. It closed at 17,034 with overall gain of 5.10 percent on daily basis. As on 11 September 2019 stock closed above its key resistance range of 16,670-16,900.

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