Stocks to watch on Monday, April 15, 2024: IT shares, led by TCS, are expected to be in focus after the Tata group IT major reported better-than-expected Q4 numbers.
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets. "Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024. "Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India's industrial production data will also be announced on 12th April 2024. On the same day, inflation for March will be declared," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Investors will closely monitor the movement of the rupee against the dollar, crude oil prices, and investment activities
The company has entered into definitive agreements to develop a township project on a 62 acre land parcel in North Bengaluru
Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.
SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts
The trend among stocks in oversold regions remains highly fragile and could see more downside ahead
The trend in these stocks remains highly robust, with price action exhibiting strong interest from market participants.
Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts
Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.
Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.
The broader trend for the shares of Vodafone Idea continues to remain negative
Barring Adani Transmission, Adani Green Energy and Adani Total Gas appears for a smart reversal on the charts unless key supports are breached
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.
The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023
Nestle India Q4 preview: In the October-December quarter, shares of Nestle rose 2.4 per cent, while peers like Hindustan Unilever dropped 5 per cent, and Britannia gained 12 per cent
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent