Top 10 Nifty stocks to watch out for in November 2020 Asian Paints,Tata steel and more

• Asian Paints, HDFC and Indusind bank will be the most trending stocks in November
  
  
• Hero Moto corp will underperform in spite of good results.
  
  
• Buy ICICI Bank,Kotak Mahindra Bank and Axix bank before Diwali to make profit after Diwali.

Things are getting normal day by day after we hit the pandemic. Share market is being regular and got stable movement in all the indexes. We bring you the top 10 stocks which can give you good returns also will inform you on which stocks to stay away from.

First is Asian Paints : Nifty 50 Index rose 3.5 percent in October and the major contributor was the Asian Paints stock and in November also this stock will show good performance. The company has reported a better then expected performance during the pandemic and post pandemic as well. Net profit grew by 1.2 percent to Rs.851.9 Crore the gross revenue increased by 5.9 percent year on year to 5350.2 crore in July to September period although they hit by high tax but still made the strong movement on the charts this stock is must buy in November and by the January 2021 this stock will give you 18 percent return or even higher. Closing price was 2209.05 on Friday 6^th Nov,2020.

HDFC : Another good stock to watch our for in November is HDFC. The company posted a booming 27.55 percent standalone net profit at Rs.2870.12 crore and beat the market estimate this year done by CNBCTV18 Poll. Company’s revenue from operation is steadily increasing. Mutual fund companies also raising their stacks in HDFC. A good stock to buy in November and keep it till march quarter to get higher returns.

IndusInd Bank : Nifty Bank is currently trending because of the new banking protocols and IndusInd Bank is one of the performing stock from the Nifty Bank index. A good show on balance sheet made this stock more attractive to the investors double digit growth on net profit made this stock the high deliverable on the stock market. Consolidated net profit stood at Rs.663.1Crore up from Rs.510.39 Crore QoQ. Which indicates that this stock has a great potential to give you best margins in coming days. Since it’s a banking stock its bit risky to hold for long term but one can always do short sell and earn the profit. Buy this stock now and sell in December and buy again In January at lower price. Keeping close eye on this stock will give you various ideas to trade in.

Hero MotoCorp: Despite better Q2 result this stock is under performed in October. Monthly sales data showed good spike and getting support at key level. Standalone net profit increased to Rs.953.45 crore during September quarter. Fiscal revenue grown by 23.7 percent annually. The company has posted the best ever monthly sales in October total sales grew by 34.77 percent which is best amongst the automobile company. Investor should buy this stock in bulk and hold it for long term this is the one of the best stocks from all blue chip stocks. Hero moto corp is here to stay for long and it has the world’s best distribution system and there’s a rise in demand for two-wheeler across the india which is good for this stock. Invest in this stock which your best capacity and hold it for long to get good profit.

Apart from these 4 major stocks there are 6 other minor stock in which you can trust for gains which are as follows.

Axis bank : another nifty bank stock with great potential and this is the right time to buy, buy before it hits 52 week high. Millennials trust this brand and keeping their deposits under various schemes with this bank.buy with short term target or hold for 5 years.

Tata Steel : one of the trusted brand of india, tata steel has recorded it highest ever quarterly deliveries in the second quarter of Financial year 2020.continueing demand for steel for developing infrastructure projects across the india. Tata steel is majority distributor of steel hence the growth is permanent for this stock buy now and hold it for a while. Investor can do intra-day trading as well in this stock.

UltraTech Cement : running parallelly to Tata Steel UltraTech cement is hot favorite stock among the brokerage firms although company had reported loss due to pandemic COVID-19 lockdown situation but the stock is recovering well and its at low price right now so this is a must buy stock right now.

JSW Steel : another steel merchant with raising EBITDA margin this stock is also favorite among the brokerage firms, with high volume investor can trade intra day on this stock and get decent daily profit.

ICICI bank : one of the fine contributor to Nifty Bank index, ICICI bank showed steady growth and attracted good customer base with variety of saving schemes. Buy this stock for long term, The second largest private sector bank will not disappoint you in long run.

Kotak Mahindara bank : with rise in operating profit, NII income boosted the profitability of this bank. With 22 percent gain in October Kotak Mahindra bank is also becomes the hot favorite among the brokerages as well as in depended traders many Ace investor holds the stacks in this bank it’s a third largest private sector bank. Buy now and hold till February 2021.
Share price will rise in coming days.