On November 24, 2023, the Nifty50 Index traded flat and closed at 19,794.70. The Nifty 50 has settled above 19,600 levels in every session since November 14 but has faced resistance at 19,800-19,900 levels.
Analysts expect volatility to remain high due to the scheduled expiry of November month derivatives contracts but expect the benchmark Nifty 50 to break above the 19,850 mark in the upcoming holiday-shortened week.
As per the NSE data, FIIs cumulatively bought Rs. 6,090.59 Crores, while they sold Rs. 5,956.13 Crores worth, resulting in an inflow of Rs. 134.46 Crores on Friday. Meanwhile, DIIs invested Rs. 8,833.27 Crores and offloaded Rs. 6,208.06 Crores, registering an inflow of Rs. 2,625.21 Crores.
Today Nifty50 has support levels of 19,700 & 19,760 and it has immediate resistance levels of 19,870 & 19,908. The Bank Nifty has support levels of 43,620 & 43,470 and the resistance levels will be 43,870 & 43,950.
Here are the stocks to watch for today
C.E. Info Systems Limited
On November 24, 2023, C.E. Info Systems Limited closed at Rs.2,206.05. It is raising funds of upto Rs. 500 Crores by way of Qualified Institutional Placement.
Maruti Suzuki Limited
The company has planned to increase the prices of its cars from January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices, it is going to pass on some increase to the markets. The company’s shares closed at Rs. 10,4841.
IIFL Finance Limited
IIFL Samasta Finance Limited, a material subsidy of IIFL Finance, has filed a Shelf Prospectus and Tranche I Prospectus with the Registrar of Companies, for the public issue of NCDs for an amount of upto Rs. 200 Crores with an option to retain over-subscription up to Rs. 800 crores, aggregating to Rs. 1,000 crores. The company’s shares closed at Rs. 600
KPI Green Energy Limited
It has received orders for executing solar power projects of 4.66 MW, thereby taking its cumulative orders of solar power projects to 143+MW. On November 24, 2023, the company’s shares closed at Rs. 1221.
Macrotech Developers Limited
The CEO of the company has released a statement noting, the company will reduce its debt to below Rs. 6,000 Crores by March 2024. On November 24, 2023, the company’s shares closed at Rs. 887.60
Droneacharya Aerial Solutions Limited
Droneacharya Aerial Solutions Limited expects a 50-70 Percent CAGR and a 20-25 percent increase in profit after tax in the next 3 years. On November 24, 2023, the company’s shares closed at Rs. 177.95
V Marc India Limited
It has received 4 orders worth Rs. 73.31 Crores, which consists of 2 orders worth Rs. 30.91 Crores and Rs. 29.09 Crores from Purvanchal Vidyut Vitran Nigam Limited (PVVNL) and it has received 2 more orders worth Rs. 6.98 Crores and Rs. 6.33 Crores from Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL) for the supply of cables as per their requirements. On November 24, 2023, the company’s shares closed at Rs. 180.65
Written by: Bharath K.S
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