Top Stocks to Watch Next Week: The Indian stock market is witnessing high volatility due to weak earnings, large outflows of foreign capital and uncertainty over Donald Trump’s trade policy. In addition, caution among investors ahead of the Union Budget 2024 has made the market sentiment more fragile. In this situation, experts advise that stock-specific movements should be closely monitored before investing. Here is a brief overview of stocks that investors may keep an eye on in the coming week:
- Banking Sector: HDFC Bank, ICICI Bank, Kotak Mahindra Bank
- IT & Technology Sector: Wipro, Tech Mahindra
- Others: Zomato
These stocks may be in focus for various reasons, such as recent financial results, sector-wise developments, or new news in the market. Investors are advised to make investment decisions based on technical and fundamental analysis of these stocks.
Next week Q3 results
Nearly 250 companies are set to announce their third-quarter earnings next week. Notable companies among these are:
- Banking Sector: HDFC Bank, ICICI Bank, Yes Bank, IDBI Bank
- FMCG: Hindustan Unilever (HUL)
- Oil & Gas: BPCL
- IT & Technology: Coforge, Persistent Systems, Dixon Technologies (India)
- Cement: Ultratech Cement
- Pharmaceuticals: Dr. Reddy’s Laboratories, Torrent Pharmaceuticals
- Steel: JSW Steel
- Aviation: IndiGo
- Fintech & E-Commerce: One97 Communications (Paytm), Zomato
- Insurance: ICICI Prudential Life Insurance Company
The earnings reports of these companies can be important for investors, as they can provide insight into their future plans and market Investors are advised to make their investment decisions after analyzing the earnings reports of these companies in depth.
Top Stocks to watch next week
1. Wipro: Wipro announced its Q3 results on Friday, with a 0.51% year-on-year (YoY) increase in profit. Its net profit reached ₹3,353.8 crore and revenue reached ₹22,318.8 crore, which could be a positive signal for the market.
2. Tech Mahindra: Tech Mahindra reported a 92.63% (YoY) increase in consolidated profit to ₹983.2 crore in the quarterly results, from ₹510.4 crore last year. However, on a QoQ basis, profit fell 21% to ₹1,250.1 crore, which could be a warning signal for investors.
3. Kotak Mahindra Bank: Kotak Mahindra Bank’s profit after tax for the October-December quarter of 2024 stood at ₹4,701.02 crore, up from ₹4,264.78 crore in the same period last year. However, their Q2 profit fell, which calls for attention for the next steps.
4. RBL Bank: RBL Bank announced its Q3FY25 results, where net profit fell 86% to ₹32.6 crore, from ₹233.1 crore last year. The profit fell due to provisions, which could raise questions about the bank’s future position.
5. IndusInd Bank: IndusInd Bank’s Chief Financial Officer (CFO) Govind Jain resigned on January 17, 2025, which could impact the bank’s management scope.
6. Power Grid Corporation: Power Grid Corporation has acquired shares in its joint venture (JV) Cross Border Power Transmission Company Limited. The move could be positive for the company’s long-term growth.
Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.