Stocks To Watch Out For Next Week

Posted By:
Subscribe to GoodReturns

It was an extremely volatile week for the markets with political drama in the US rising and Infosys occupying the centre stage as heavy selling from Foreign Portfolio Investors in Indian stocks continued. A strong recovery in the indices towards the start of the week ensured that the Sensex was up 1 per cent for the week.

North Korea tensions ease but US political drama does not

Stephen K. Bannon, President Donald Trump's chief strategist had been fired, this week. This came as several changes in the White House continued to take place and many analysts worried over the tax reforms in the US. The US markets themselves had a bad week. Going ahead the markets globally and in India are expected to remain volatile, though immense liquidity in India and around the globe would help to cushion a very severe downslide.

Stocks To Watch Out For Next Week

Infosys is one stock to watch for next week. Investors would now have time to digest the Sikka departure and it would be interesting to see what brokerages make of it. Infosys is likely to be a stock that is volatile on Monday morning and further downward pressure in the stock cannot be ruled out. Along with Infosys one needs to watch for further reaction in the stock of Interglobe Aviation, which runs Indigo Airlines. The stock fell 2 per cent on Friday as Indigo grounded some planes again over engine issues.

Pharma stocks to be volatile

The best bet for traders would be the pharma stocks. These have been highly volatile in the last few days and the trend may continue. Volatility gives traders an opportunity to make more money and hence the interest in them. One also tends to lose a greater deal on these kind of stocks. Watch for Biocon. The stock has seem immense volatility in the last few weeks and has lost a great deal. In the latest news, HSBC report has said that the company may have withdrawn a cancer drug.

Best to go for beaten down names

While markets are expected to remain volatile, it would be best to buy into beaten down names. There are several stocks that are still trading near 52-week lows and there are many names that still are value proposition. However, it is advised that at current levels, one should not pump large amounts of lumpsum money as the markets could still be a little risky at these levels.




Read more about: infosys, stocks
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns