The week gone by noticed the broader market steady while some of the lagging sectors went up and posted considerable gains. The Nifty ended at a fresh lifetime closing high, putting on strong gains. The benchmark Nifty50 index ended with a gain of 2.44%, on a weekly basis.
Earning Optimism: Reliance Industries Limited, ICICI Bank and Bank of Baroda have declared their results after market hours on Friday and these stocks will react on Monday’s trading session.
Reliance: Reliance Industries Limited for a second time has reported a strong set of quarterly numbers, reporting a 4.47% increase in net profit at Rs 9,485 crore in the Q1FY18-19 as against Rs 9,079 crore in the corresponding period last year. The share of Reliance Industries closed 1.7% higher at Rs 1,129. Experts feel that Reliance shares likely to open higher with a gap-up of possibly 4-5% on Monday.
Results Today: Some major companies such as JK Cement, NTPC, Persistent Systems, Jayant Agro, Ramkrishna Forgings, SMS Pharmaceuticals, Unichem and Vardhman Special Steels will announce their results today, (Saturday), and the respective shares will react based on their financial performance, on Mondays’ trading session.
Week Ahead: In the next week, HDFC, IDFC, Axis Bank, Tech Mahindra, Idea Cellular and Shree Cement will declare April-June 2018 result on Monday, 30 July 2018.
Tata Motors, Power Grid, Bank of India, Vedanta and Dabur India will declare April-June 2018 result on Tuesday, 31 July 2018, while Reliance Infrastructure will declare its result on Wednesday, 1 August 2018.
Indiabulls Housing Finance will declare its results on Thursday 2 August 2018, whereas Titan Company and Nestle India will declare April-June 2018 results on Thursday 3 August 2018.