As the market prepares to open, investors are eyeing several stocks based on recent developments and anticipated earnings reports. Here’s a roundup of the key stocks to watch today:
Positive Outlook:
Eicher Motors is expected to report in-line to slightly better earnings, with a projected 10% year-over-year (YoY) revenue growth. GAIL has signed a pact with the Rajasthan government, potentially optimizing gas-based power plant operations.
Cochin Shipyard is anticipated to show strong performance with a 62% YoY revenue increase and a 650 basis points margin improvement. Astral is expected to report an 8% YoY revenue rise and 6% EBITDA growth.
Other stocks with positive expectations include Oil India, ABB India, CONCOR, Sobha, Galaxy Surfactants, GSPL, HBL Power, Sandhar Tech, Sansera, JB Chem, Indian Hume Pipe, Bharat Rasayan, Antony Waste, Mayur Uniquoters, Dreamfolks, and Timken India.
MCX is in focus after receiving SEBI approval for Praveena Rai as its new MD & CEO, while Tanla Platforms has successfully onboarded Axis Bank onto its Wisely ATP Platform.
Cautionary Watch:
SAIL may face pressure due to higher debt and a weak outlook, despite expectations of in-line Q1 results. Biocon and LIC are expected to miss earnings estimates, with Biocon’s margins projected to be down 290 basis points YoY.
Investors should also keep an eye on Ircon International, Birla Corp, VA Tech, Global Health, and New India Assurance, as these companies are expected to report challenging results.
Nexus REIT warrants attention as sources indicate Blackstone Sponsor Group plans to sell a 21.8% stake via a block trade.
As always, investors are advised to conduct their own research and consider market conditions before making investment decisions.