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8 Stocks To Watch Out For On Monday Morning
Markets may continue to rally on Monday morning. Here are some stocks that may move in either direction, thanks to the news flows and other technical factors.
Hero Motor Corp
Hero Motor Corp is set to declare its results on Monday.
The release in the commentary would be important as analysts are hoping that there would be a boost for 2-wheelers, following the 7th pay commission salary hikes.
Shares of Hero Motor Corp closed at Rs 3,434, which was also a new 52-week high for the stock.
Union Bank of India
Union Bank of India will react to its results. The bank saw some solid activity on Thursday and Friday, which saw a jump in the stock.
The stock closed at Rs 137.15 on Friday, gaining almost 3.5 per cent in trade.
Karnataka Bank
Shares in Karnataka Bank are trading near 4-week lows. There seems to be very little in terms of support as the stock could fall.
Watch out for the stock on Monday morning and any signs of weakness, should be sold into.
The shares of Karnataka Bank last closed at Rs 143.25 on the NSE.
Andhra Bank
Andhra Bank too would react to its quarterly numbers on Monday morning. The stock like Union Bank has seen some solid activity in the last few days ahead of the results.
The shares of Andhra Bank last closed at Rs 61.25 on the BSE.
Concor
Container Corporation is also trading at a 1-month low and is showing signs of weakness.
The stock last closed at Rs 1,442 and would be very near to its 1-month low of Rs 1,400. Watch for the stock closely.
Britannia
Britannia will declare its results on Monday. The stock has been one of the top performing stocks in the last 2 years.
Analysts would watch the margins and volumes closely. The shares of Britannia last closed at Rs 2,871 on the BSE.
Inox Leisure
This stock has seen some volatility through the week. It is one of the beneficiaries of the GST, as implementation of GST would reduce its tax burden.
The stock would be more volatile ahead of its results on Monday.
Polaris
Polaris would also be volatile ahead of its results. Almost all of the IT companies, apart from HCL have performed poorly this quarter. It would be interesting to watch for the numbers of Polaris.
The stock of Polaris last closed at Rs 191 on the BSE.
