Stocks to Watch Next Week: There was a tremendous rise in the Indian stock markets this week. Sensex saw a rise of about 1.7 percent and Nifty saw a rise of 1.6 percent. With this, both Sensex and Nifty reached their highest level in one year. Experts say that the coming week is also going to be important for many big stocks. Let us know about those 10 stocks which may see movement next week on the basis of news.
1. Reliance Industries Limited (RIL)
Investors will keep an eye on the shares of Reliance Industries, the country’s largest private company, on Monday. The company announced its September quarter results after market close on Friday. The company’s consolidated net profit increased by 14.3% year-on-year to Rs 22,092 crore. There was a 10 percent jump in its revenue. Reliance’s results can give direction to the market mood.
2. HDFC Bank
HDFC Bank, the country’s largest private bank, released its second quarter results on Saturday. The bank’s net profit increased by 10.8% year-on-year to Rs 18,641.3 crore. Investors will keep an eye on bank shares due to strong earnings and stable asset quality.
3. Hindustan Aeronautics (HAL)
The government defense company has started two new production lines for LCA Mk1A and HTT-40 aircraft at its Nashik plant. This step will increase the production capacity to 24 aircraft per year, giving a boost to the ‘Atmanirbhar Bharat’ initiative of the government. Due to this its shares will be in the headlines
4. ICICI Bank
ICICI Bank’s net profit jumped more than 5% year-on-year to about ₹12,359 crore in the September quarter. However, it has declined by more than 3% on a quarterly basis. Similarly, the net interest income (NII) of the bank also increased on an annual basis, but declined slightly on a quarterly basis.
5. Rail Vikas Nigam Limited (RVNL)
This government company of the railway sector said that it has emerged as the lowest bidder (L1) for the contract worth ₹ 144.44 crore for South Central Railway. This order can have a positive impact on the company’s revenue.
6. IDFC First Bank
IDFC First Bank released September results on Saturday 17 October. The bank’s net profit increased by 75.4 per cent year-on-year to Rs 352 crore, compared to Rs 201 crore in the same quarter a year ago. Net interest income (NII) increased by 6.8 percent to Rs 5,112.7 crore in the September quarter. Asset quality also improved during the September quarter
7. RBL Bank (RBL)
RBL Bank’s net profit declined by nearly 20 percent during the September quarter. Along with this, the bank said that Emirates NBD has entered into an agreement to buy 60 percent of its stake. Emirates NBD is one of the largest banking groups in the Middle East. Under this deal, Mirats NBD will buy shares of RBL Bank at a price of Rs 280 per share and will infuse a total capital of Rs 26,853 crore. This is being considered as one of the largest foreign investments ever in the banking sector of the country.
8. IDBI Bank
IDBI Bank’s net profit has almost doubled in the September quarter. The bank said on Saturday, October 18 that its net profit in the July-September quarter of the current financial year increased by 98 percent to Rs 3,627 crore, which was Rs 1,836 crore in the same quarter a year ago.
9. UltraTech Cement
The net profit of the country’s largest cement company increased by 75 percent year-on-year to Rs 1,232 crore in the September quarter, compared to Rs 703 crore in the same quarter a year ago. During this period, the revenue increased by 20.3% on annual basis to Rs 19,607 crore, which was Rs 16,294.4 crore in the same quarter a year ago.
10. IndusInd Bank
IndusInd Bank has suffered a net loss of ₹437 crore in the September quarter of the current financial year. Whereas in the same quarter a year ago, the bank had registered a net profit of ₹ 1,331 crore. This loss of the bank was mainly due to the huge decline in core income and sharp rise in provisions.
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