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Stocks To Watch For On Monday Morning
It was another flat closing for the market this week. It may be another lacklustre or dull trading next week as well. However, select stocks are likely to be volatile next week. Watch for these stocks on Monday morning.
Welspun India
The selling pressure in Welspun India has not stopped and there maybe fresh volatility. The stock lost almost 60 per cent in trade this week, after Target Corporation severed ties with the company for substituting Egyptian cotton in its bedsheets.
The stock, which began the week at Rs 108, ended the week at Rs 49.40. It would be interesting to see, if there is more selling pressure in the stock on Monday.
Tata Motors
Tata Motors will react to its results on Monday morning. The company declared its results on Friday after market hours.
Consolidated revenue at the company was Rs 67,056 crore as against Rs 61,510 crore for the corresponding quarter last year. Tata Motors continued to be powered by strong sales volume growth in all regions for Jaguar Land Rover and growth in M&HCV and LCV segments.
Tata Motors stock closed at Rs 503 on the NSE.
eClerx Services
eClerx Services will declare its quarterly results on Monday. The stock, which is trading at Rs 1620, would be closely watched given that tech stocks have not done well recently.
The company is a leading Knowledge process outsourcing company.
Titan
Titan has been seeing some signs of weakness and the stock would be closely watched as it is nearing a 1-month low of Rs 390.
Indian Oil
Indian Oil will declare its results on Aug 29. The company has been one of the beneficiaries of falling crude prices.
The stock closed at Rs 573 on the NSE.
Torrent Pharma
Torrent Pharma has seen volumes surge by 350 per cent on Friday, which shows renewed interest in the stock. Watch for the stock closer to the Rs 1615 levels.
