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6 Stocks To Watch-Out For Early Next Week
Here are six stocks that you should watch-out for next week. These are all likely to be volatile
It is going to be an immensely volatile week, ahead of the Union Budget 2017-18 to be presented by Finance Minister Arun Jaitley on Feb 1. This along with the earnings season is likely to add to even greater volatility in stocks. Here are a few stocks that are going to be immensely volatile.
Hero Motors, Bajaj Auto and TVS Motors
If in the Union Budget, Finance Minister hikes the tax slabs or raises Sec 80C limits or anything that increases the disposable income of individuals, consumer discretionary stocks are likely to be on fire. Two-wheeler manufacturers tend to benefit the most as disposable income rises. So, you may see Hero Motors, Bajaj Auto and TVS Motors likely to rise. On the other hand, if there are no tax incentives or benefits expect these stocks to be very volatile.
Check stock quote of Bajaj Auto here
ICICI Bank
Shares in ICICI Bank are likely to be volatile ahead of the company's results to be declared on Jan 31, 2017. The shares have rallied in the last few trading sessions, on hopes of a much better performance this quarter. Whether the expectations would be belied is difficult to predict, but, somehow except a few the banking sector has largely disappointed.
Check stock quote of ICICI Bank here
Mahindra and Mahindra
This is another stock that is going to be in action. Last year the government aimed at doubling farmer income in the next 5 years. This year if the Union Budget has big plans for the rural sector, expect Mahindra and Mahindra shares to rally. The company is one of the largest tractor manufacturers in the world and gets impacted by the agriculture sector. So, like other Budget related stocks, this one too is going to be extremely volatile ahead of Union Budget 2017-18. Check stock quote here
HDFC
HDFC will declare its results on Monday and there maybe some action in the counter. One thing that we have to say is that unlike companies like Infosys, which remain extremely volatile on results day, HDFC does not. This is simply because its results are largely on expected lines. The company will likely show another quarter of good growth, despite competition from the banking sector and would show negligible non performing assets.
Check stock quote of HDFC here
Jubilant Foodworks
Jubilant Foodworks is the franchisee for the Domino's Pizzas. There are speculations that service tax maybe hiked in the current Union Budget 2017-18. What this means is that there could be some sentimental impact on the stock on budget day, if that were to happen. Of course, these are all speculative and we are not sure if these would after all form a part of the Budgetary recommendations. In any case the stock could be volatile in the next few days.
Bajaj Finserv
This is one company that has performed exceedingly well in the last few years. The company is likely to report quarterly results on Jan 30, which is again likely to see an imprevement. Again, expect some volatility ahead of the results on Monday.
Disclaimer
The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article. The author and his family do not own any shares in the above mentioned stocks.
