Here are a few stocks that one could watch-out next week. Some of these have been volatile through the week and there is a potential for these stocks to react either way. Take a look...
Bharti Airtel is one stock that investors would keenly watch next week. The company will declare its results on May 9. Results would be closely observed for any impact on financial performance following competition from the likes of Reliance Jio.
It is largely expected that results for the telecom major would be very subdued. The stock is expected to be volatile in the coming days, with analysts likely to watch for the ARPU (average revenue per user) number closely.
Shares of Chambal Fertilizers jumped as much as 22 per cent last week. This was one of the top performing stocks of the last week and could be increasingly volatile the next week as well.
The shares of Chambal Fertilizers have also hit a 52-week high last week. One would have to exercise some caution before investing, given that the shares have run-up rather fast in a short period of time.
Syndicate Bank, Bank of India and others
Also watch for PSU banking stocks, which have been volatile through this week. Some of them have hit 52-week highs following changes to the Banking Act, for faster resolution of non performing assets. In any case most of these stocks are high beta and the trend may continue into the next week. Some stocks like Syndicate Bank would also be declaring their results, which would add to further volatility in these stocks.
This is another stock that would be watched for its quarterly numbers for the period ending March 2016.
Several Indian pharma companies have come under the US FDA scanner and it would be interesting to watch the quarterly numbers of Dr Reddy's Lab. Analysts are expecting a subdued set of numbers. Already Wockhardt has reported a bad set of quarterly numbers with losses at the company mounting.