Markets hit a new lifetime high this week, as investors continued to buy stocks even at higher levels. Here are a list of stocks that are expected to be in the news next week. Please be advised that these are stocks are expected to see immense volatility in the coming week.
Quarterly numbers from Lupin would be eagerly watched as several pharma companies have been badly hit by the US FDA. The stock saw some rally in trade late last week after hitting 52-week lows. The stock of Lupin last closed at Rs 1314 on the NSE. The company is set to announce its quarterly numbers on May 24, 2017, which would mean volatility next week. Lupin recently announced that it has received final approval for its Quetiapine Fumarate from the United States Food and Drug Administration (FDA).
Coal India is another stock whose prices have been very subdued. The shares of the company recently hit a new 52-week low. The company will declare its quarterly numbers on May 29, 2017. The company will also consider payment of dividend, if any. One is not sure, if the company will declare any dividend, as the company has already declared dividend twice this year. We expect the company will have a rather subdued or rather poor set of quarterly numbers. The stock is already trading at near 52-week lows.
Shares in Aurobindo Pharma were again very close to its 52-week low of Rs 584. The shares ended the week at Rs 596. The company will declare its results on May 29, 2017. Like Lupin, Aurobindo's results would also be eagerly awaited. This is because Aurobindo too has had regulatory worries from the US FDA. However, the company has also been getting US FDA nod for its products. Along with Lupin, the results of both companies would be very eagerly watched in the coming days.
Tata Steel reported a spectacular set of quarterly numbers and much is expected from Jindal Steel when the company declares its results on May 23. The company has had very subdued quarters in the past and it would be nice to see if the trend is bucked in the coming quarter. Shares of Jindal Steel last closed at Rs 111.80 on the NSE.