Stocks to watch on September 11, 2023: Reliance Industries (RIL), Natco Pharma, Landmark Cars, Oil India, Gujarat Gas, others
Produced by: Harshita
Designed by: Manoj Kumar
"Nifty has been gaining strength and is inching closer towards its life high of 19,992. With monsoon gradually improving and India hosting G20 Summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20k mark over the next few days," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Share market outlook
“Since all sectors are now participating in the move, we recommend focusing on stocks, which are showing relatively higher strength within the sector,” said Ajit Mishra, SVP - Technical Research. Reliance Industries (RIL), Natco Pharma, Landmark Cars, Oil India, Gujarat Gas, Oil India among stocks to watch on Monday.
Stocks to watch on September 11, 2023
Billionaire Mukesh Ambani’s Reliance Industries has reportedly begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India. The telecoms-to-energy conglomerate has held early-stage talks with foreign chipmakers that have the potential to become technology partners, reports suggest.
Reliance Industries shares
Shares of Nitin Spinners will be trading ex-dividend on September 11 (Monday). The company had announced a final dividend of Rs 2.5 per equity share.
Nitin Spinners shares
Continue viewing BT Visual Story
Catch the latest business news, share market updates, expert analysis and exclusives only on BTTV.in
Watch BTTV
Shares of Landmark Cars will be trading ex-dividend on September 11 (Monday). The company announced a final dividend of Rs 2.25 per equity share.
Landmark Cars shares
Natco Pharma on Friday said the company and other drug makers have been named defendants in an antitrust lawsuit regarding a generic cancer treatment drug in the US. The company believes this matter is without merit, Natco Pharma said in a statement.
Natco Pharma shares
Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies’ net zero strategy.
Oil India shares
Shares of Gujarat Gas, Dilip Buildcon will be trading ex-dividend on Monday. The companies announced a final dividend of Rs 6.65 and Rs 0.1 per equity shares respectively.
Gujarat Gas, Dilip Buildcon
"The short-term trend of Nifty continues to be positive. We expect Nifty to move into new all-time highs beyond 20K mark this week. The potential upside target of larger triangle upside breakout comes around 20,100-20,200 levels for the near term. Immediate support is placed at 19,650 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Nifty Outlook
“Bank Nifty has also witnessed follow through buying interest from the previous trading session. After breaking out of the consolidation during the previous trading session it has witnessed follow through buying interest. Momentum indicator has a positive crossover which is bullish sign. Overall, we expect the positive momentum to continue and expect targets of 45,500 from short-term perspective," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
Bank Nifty Outlook
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.