5 Stocks That Will Be In Action Next Week

Here are a list of stocks that would be in action next week. Most of these have declared their quarterly numbers and hence will be in action for the same.

Paytm

The parent company of Paytm, One97 Communications reported a net loss at Rs 778.4 crore in the quarter ended December, according to an exchange filing. That compares with a net loss of Rs 535.5 crore a year earlier. Revenue from payment services to merchants stood at Rs 586 crore, up 117% from a year ago.

The shares of the company have been on a downward trend since the last few weeks. The stock also recently hit a new 52-week low recently.

Tata Steel

Tata Steel reported a spectacular set of quarterly results. The company saw a 139% jump in consolidated net profit at Rs 9,598 crore for the quarter ending December 31, 2021. The steelmaker reported consolidated net profit of Rs 4,011 crore in the year-ago period. The results were slightly better than expectations and if the markets open higher, we may see the stock move higher.

Dishman Carbogen Amcis

Dishman Carbogen Amcis will also be in action post its quarterly numbers. The company is a fully integrated CRAMS (Contract Research & Manufacturing) reported its third quarter (Q3FY22) results.

Net revenue at the was placed at Rs 5,620.8 mn for Q3 FY22 as compared to Rs. 4,685.6 mn in the corresponding period of the previous year reflecting an increase of 20.0%. The EBITDA Margin was placed at 19.5% for Q3 FY22 as against 13.4% in Q3 FY21.

Aditya Birla Fashion and Retail

This stock too would react to its quarterly numbers. The retail unit of Aditya Birla Group, Aditya Birla Fashion and Retail Ltd reported a consolidated net profit at Rs 197 crore for the quarter ending 31 December, 2021, its highest-ever quarterly profit after surging 237 per cent year-on-year. The company had posted a net profit of Rs 58 crore in the year-ago period.

ONGC

Crude oil prices surged on Friday, post the Indian stock markets closing. Brent crude was up more than 2% in trade at nearly $92 a barrel. This should benefit a company like ONGC, which has rallied significantly in the last few weeks.