Stock markets: Indian stock markets have continued to decline continuously for the last six weeks. The uncertainty of American tariffs and corporate results of companies have raised investors’ concerns. Meanwhile, continuous selling of foreign investors (FII) has also increased pressure on the market. Now the attention of investors is on the new business week starting on Monday. The shares of several companies may remain in the headlines next week due to their quarterly results and other corporate action. These include veteran stocks like Tata Motors to Vodafone Idea. Let’s take a look at them.
1. Tata Motors
The Tata Group company released the results of the June quarter after the market closure on Friday. The company’s consolidated net profit declined by 30.5% to ₹ 3,924 crore, which was ₹ 5,643 crore in the same quarter last year. Due to this decline, Tata Motors shares will be closely monitored next week.
The private sector bank has increased the minimum average balance for its savings account. Customers from metro and urban cities will now have to hold a minimum balance of Rs 50,000 in their savings account, which was earlier Rs 10,000. It has been reduced to ₹ 25,000 (first ₹ 5,000) for semi-urban branches and ₹ 10,000 (first ₹ 2,500) for rural accounts.
3. Bharti Airtel (Bharti Airtel)
Indian Continent Investment, the unit of the company’s promoter group, has sold about 1% of its stake (60 million shares) in Airtel, raising around Rs 11,200 crore.
4. Voltas Ltd
The company’s first quarter profit fell 58% to ₹ 140.61 crore, compared to ₹ 335 crore in the same quarter last year.
5. Siemens
The company’s net profit in the June quarter declined by 3.1% to ₹ 423 crore on an annual basis.
6. These companies will have results next week
According to the data on BSE, next week Hindalco Industries, Bharat Petroleum Corporation (BPCL), Vodafone Idea, Ashok Leyland, Oil and Natural Gas Corporation (ONGC), Apollo Hospitals Enterprises, United Spirits and iPCA Laboratrias will declare their universe results. Due to this, investors will remain eyeing these shares.
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