Stocks to keep an eye on next week include HDFC Bank, ICICI Bank, Zomato, Wipro, Tech Mahindra, Kotak Bank, and various others
Stocks to keep an eye on next week: The Indian stock market is currently experiencing significant volatility due to ongoing concerns regarding weak earnings, substantial foreign capital outflows, and uncertainty surrounding Donald Trump’s trade policies. Additionally, market sentiment remains fragile as investors exercise caution ahead of the Union Budget 2024.
Given the current market conditions, experts recommend closely monitoring stock-specific movements before making any investment decisions. Here is a preview of some of the stocks that are likely to be in focus in the upcoming week.
Next week, a total of 250 companies, including HDFC Bank, ICICI Bank, Hindustan Unilever (HUL), BPCL, Coforge, UltraTech Cement, Dr. Reddy’s Laboratories, YES Bank, JSW Steel, One 97 Communications (Paytm), Zomato, Persistent Systems, IndiGo, Dixon Technologies (India), IDBI Bank, ICICI Prudential Life Insurance Company, and Torrent Pharmaceuticals, are scheduled to announce their Q3 earnings.
Stocks to Keep an Eye on Next Week
Wipro: Wipro released its Q3 results on Friday, showing a 0.51% increase in revenue compared to the previous year. The company’s profit also saw a significant rise of 24.48%, totaling ₹3,353.8 crore, while revenue reached ₹22,318.8 crore.
Tech Mahindra: Tech Mahindra reported a 92.63% year-on-year increase in consolidated profit for the quarter ending December 2024, totaling ₹983.2 crore compared to ₹510.4 crore in the same period last year. However, profit declined by 21% on a quarter-on-quarter basis, dropping from ₹1,250.1 crore.
Kotak Mahindra Bank: In the October to December 2024 quarter, Kotak Mahindra Bank’s profit after tax (PAT) stood at ₹4,701.02 crore, up from ₹4,264.78 crore in the corresponding period of the previous financial year. However, PAT was higher at ₹5,044.05 crore in the second quarter of the current fiscal year.
RBL Bank: RBL Bank announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Saturday, reporting an 86% decrease in net profit to ₹32.6 crore due to higher provisions compared to ₹233.1 crore in the same period last year.
IndusInd Bank: Gobind Jain resigned from his position as Chief Financial Officer (CFO) of IndusInd Bank on January 17, 2025, to pursue other professional opportunities.
Power Grid Corporation: After market hours on Friday, Power Grid Corporation announced the acquisition of 77,30,225 shares of IL&FS Energy Development Company Limited in the joint venture company Cross Border Power Transmission Company Limited. This JV includes Power Grid Corporation of India, IL&FS Energy Development Company, Satl
Netweb Technologies reported its Q3FY25 earnings on Saturday, revealing its highest-ever quarterly income and PAT at ₹3,355 million and ₹303 million, respectively.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.