Markets would now be closed for trade on Monday on account of a festival and would open for trade only on Tuesday. Here are stocks to watch out for on Tuesday morning.
Ideal Cellular hit a 52-week low on Friday, following announcement by Reliance Jio on its pricing strategy. Analysts remained worried that this could hit telecom companies like Idea and Bharti.
After hitting a 52-week low the stock recovered and closed at Rs 84, after hitting a low of Rs 80.60 in trade.
This would be closely watched stock again on Tuesday morning.
Like Idea Cellular, Bharti Airtel also which saw a huge fall on Thursday, following the announcement of Reliance Jio pricing strategy, would once again be a stock to watch on Tuesday. The stock price closed at Rs 316 on the NSE.
Shares of Nitin Fire would be in the limelight ahead of its results. The stock is expected to do well if the quarterly results are good. The shares of Nitin Fire last closed at Rs 25.05 on the NSE.
Oil India will also be declaring its results on Tuesday. The stock has fallen in the last few months, as crude oil prices have dropped. Would be interesting to look at the quarterly numbers. Oil India shares last closed at Rs 385 on the NSE.
This stock hit the upper end of the circuit filter on Thursday and Friday, gaining 10 per cent in two-days. The stock has fallen from levels of Rs 108 to Rs 53.65. It had hit a low of Rs 46 earlier. It would be interesting to see, where the stock is heading on Tuesday morning.
This stock gained almost 60 per cent in three days, after the government took a decision that infrastructure companies should be paid arbitration awards quickly.
HCC will immediately be able to reduce its debt by almost half as a result and within 12 to 24 months.
On Tuesday, it would be interesting to see where the stock is headed.
India Bulls Real Estate
India Bulls Real Estate is trading very close to its 3-month low of Rs 80. Any further signs of weakness could mean a further drop in prices.