Stocks to look out for Monday:21 APR 2017
Trading for the week ended on a dull note as the key benchmark indices failed to hold onto intraday gains to settle with small declines. The barometer index, the S&P BSE Sensex, fell 57.09 points or 0.19% to settle at 29,365.30. The Nifty 50 index fell 17 points or 0.19% to settle at 9,119.40. Weakness in European stocks dampened sentiment.
All indices closed in the red, except Bankex, Capital Goods and Oil & Gas. Bankex increased 13 points, Capital Goods rose 42 points and Oil & Gas increased 28 points. Healthcare reduced 123 points. Metals and Auto declined 83 and 93 points, respectively. Mid-cap index increased by 1 point and Small-cap also rose 33 points.
Overseas, European stocks were trading on a mixed note after a suspected terrorist attack in France, ahead the highly anticipated first round in the French presidential election on Sunday. A French policeman was shot dead and two others were wounded in central Paris on Thursday night in an attack claimed by the Islamic State militant group, as per reports. Research group Markit said Germany’s flash manufacturing purchasing managers’ index slipped to 58.2 in April from 58.3 the previous month.
Stocks to look out for Monday:
Eicher Motors: Royal Enfield is set to enter the Brazilian market. The share price of the company will remain in the limelight on Monday.
Reliance Industries: Reliance Industries will declare its Q4FY17 results on Monday. The share price of the company will be in focus on April 24.
ITC: LIC to cap its stake in listed firms at 15 per cent. The share price of ITC will remain in the limelight on Monday.
Rupa & Company: – Rupa & Company’s management is looking at inorganic opportunities via debt. The share price of the company will be watched on April 24.
ACC: ACC declared Q4FY17 results on Friday after market hours. Its net profit declined 9.8 per cent to Rs 212 crore in Q4FY17 on a yearly basis. The share price of the company will remain in the limelight on Monday.
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