The election results of the Karnataka Legislative Assembly will impact the market for the next week. The final results is expected on Tuesday, expect increased volatility over the outcome.
Coming to corporate earnings, Aditya Birla Fashion & Retail Ltd on Friday reported an excellent growth in net income with interest, taxes, depreciation and amortization of 33 percent along with a steady growth of 8 percent in sales. Profit after tax (PAT) for the quarter increased to Rs.113 Crore, beating estimates. The stock will be reacted on Monday.
Public sector lender Allahabad Bank on Friday announced a net loss for the Q4 2018 of Rs 3,509.63 crore, as against a profit of Rs 111.16 crore an year ago period. Further, the Bank has approved 1.5 billion share sales to raise Rs 3,000 crore.
Godrej Agrovet Limited, the animal feed and agribusiness company, will be announcing its financial results for the FY-2018 on, Monday, and the stock will be in focus on the same day.
Pharmaceutical major Lupin Limited announces its fourth quarter result on Tuesday, 15 May 2018 while Hindalco Industries and ITC Limited will announce its results on Wednesday, 16 May 2018. Bajaj Auto Limited will announce its result on Friday, 18 May 2018.