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1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr
Stocks To Watch Out For Next Week
The week saw an end to volatile trading, and Indian markets ended lower, despite global markets rallying. Here are a few stocks that you could watch for next week. Trading would begin on Tuesday Oct 3, as today Oct 2 is a holiday.
Tata Motors
Tata Motors has received an order from the Energy Efficiency Services Limited (EESL), which has said that it will procure 10,000 electric vehicles from Tata Motors after the latter emerged as the lowest bidder in a competitive bidding process. The shares of Tata Motors fell from levels of Rs 412 the last week to Rs 403.
It is likely that the stock would open higher on Tuesday morning. Check stock quote of Tata Motors here
Bharti Airtel
The Bharti Airtel stock may open lower after the Bombay High Court refused to stay the Telecom Regulatory Authority of India's (TRAI) order on the reduction of interconnect usage charges (IUC) to 6 paise from 14 paise that was challenged by incumbent operators Bharti Airtel and Idea Cellular.
TRAI does not expect it to have any material impact on the balance sheet of these telecom operators.
We may see a negative reaction to the stock of Bharti Airtel. Check stock quote of Bharti Airtel here
Idea Cellular
Ideal Cellular stock may open lower, because of the above mentioned TRAI decision. However, the stock of Reliance Industries is likely to open strong, as it could be one of the beneficiaries of the Bombay High Court order.
Telecom companies like Bharti Airtel, Idea Cellular and Vodafone could see their margins shrink, however, TRAI sees no balance sheet impact.
Banking stocks
Banking stocks are likely to be volatile ahead of the RBI's monetary policy. The central bank is likely to unveil its policy on Wednesday, Oct 4.
If there is a rate cut, the chances of which look very remote, we could see a fresh rally in banking stocks. However, if there is no rate cut, banking stocks would continue to remain very subdued.
