Watch Out For These 7 Stocks Next Week

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Some stocks have surged on the basis of volumes, and may be extremely volatile next week. Here are stocks that you should watch out for next week.

SRF

SRF saw its share price surge during the last 20 days of trade, amidst heavy volumes.

The percentage of volumes at the company has gained 750 per cent, indicating heavy bullish patterns in the stock. The stock was last trading at Rs 1338 on the NSE.

More action is anticipated.

KPIT

KPIT has been a constant decline ever since it issued a warning that revenues may drop 4% with a consequent drop in profitability.

The three month support level is Rs 141, with the stock trading at Rs 143, so a downside probability remains very high.

TV 18 Broadcast

TV 18 Broadcast has seen a sharp surge in volumes, which is generally a bullish sign. In fact, 20 days average volumes have surged almost 330 per cent.

A good stock to watch out next week. The stock last closed at Rs 40.90.

Godfrey Philips

Godfrey Philips was among the top performing shares jumping 36 per cent last week. The shares may continue to see momentum going forward.

The stock had fallen recently after reports that the government would ban FDI in tobacco. The stock last closed at Rs 1,172 on the NSE.

Himatsingka Seide

This stock would be another one in the thick of action after the price surged 20 per cent last week. The company is a vertically integrated textile design and manufacturing company.

It is a major player in silk and silk led textile business. The stock closed at Rs 275 on the BSE.

Hindustan Unilever

You need to watch the stock of Hindustan Unilever next week. The company is set to declare its results next week on Tuesday. The stock is expected to be volatile and closed at Rs 938 on the National Stock Exchange.

NMDC

NMDC did not participate in the rally last week and was very subdued.

The stock was trading near 1 week low of Rs 94.25. This could lead to further downside in the stock.

Disclaimer

The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates  do not accept culpability for losses and/or damages arising based on information in this article.

 

Read more about: stocks
Story first published: Saturday, July 16, 2016, 9:59 [IST]
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