The Sensex gained 1 per cent this week as global markets rallied after European Central Bank President, Mario Draghi hinted at further stimulus measures in the US.
Axis Bank will declare its results on Oct 27. Results are expected to be stable and the bank is likely to have yet another strong quarter. Analysts are likely to watch for the non performing assets and any likely increase may sour sentiments for banking stocks.
Ambuja Cements is a major player in the cement space. Analysts are expecting a tepid quarter and any huge disappointments may pull the stock lower.
Yes Bank is another private sector lender that has consistently been a habitual performer. Strong growth in quarterly numbers, coupled with a control over non performing assets is likely to remain a hallmark once again. Results are slated for Oct 29.
Another strong growth with a solid growth is likely to be the case. The stock is very heavily priced in terms of p/e multiples and hence the scope for disappointment is minimal. Results are to be declared on Oct 29.
It's an action packed Friday with a host of top notch companies declaring results on Oct 30. L&T will be closely watched for order book position and growth outlook. Management commentary would be extremely important for the stock.
ICICI Bank also declares results on Oct 30. Its non performing assets (NPA) is not exactly the best when compared to some other private sector banks. Any further deterioration in the NPAs could send the stock lower.
Index heavyweight ITC also comes out with results on Friday. Analysts would watch for any hit on the volumes in the cigarette business. Also they would closely look for cues on the consumer side of the business.