NTPC and Zomato shares may gain momentum on Monday
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Food delivery giant Zomato’s consolidated loss narrowed to Rs 187.6 crore in the March quarter from Rs 359.7 crore in the same quarter last year. During this period, the consolidated revenue of the company also increased by 70 per cent to Rs 2,056 crore. JSW Steel’s consolidated profit rose 12% to Rs 3,741 crore in the March quarter. State-owned Power Grid Corporation of India’s consolidated profit in the March quarter stood at Rs 4,320.4 crore, up four per cent. During this period, the company’s revenue stood at Rs 12,264 crore with a growth of 14.7 per cent.
Which stocks will remain volatile
According to the momentum indicator MACD, shares of ICICI Bank, Adani Enterprises, Indian Hotels, Adani Wilmar and Aptech are likely to gain momentum on Monday. On the other hand, IDBI Bank, ONGC, Orient Paper and GSFC may decline.
Results of these companies will come today
Shree Cement, Bharat Petroleum Corporation, PB Fintech, Aditya Birla Fashion and Retail, CESC, Capri Global Capital, EIH, Finolex Industries, Fusion Micro Finance, Gujarat Alkalies & Chemicals, HCL Infosystems, HEG, Indiabulls Housing Finance, Radiant Cash on 22 May Management Services, SJVN, Sun Pharma Advanced Research Company and Waaree Technologies will announce their quarterly results.
How can the move of the stock market be?
The results of the fourth quarter of the last financial year of the companies, the global trend and the activities of foreign funds will determine the direction of the stock markets this week. Analysts opined that the stock markets may witness volatility this week due to settlement of monthly derivative contracts. Last week, the 30-share BSE Sensex lost 298.22 points or 0.48 per cent. The National Stock Exchange’s Nifty also lost 111.4 points or 0.60 per cent. Master Capital Services Ltd. Arvinder Singh Nanda, Senior Vice President, Global & Domestic Macro Economic Data, Crude Oil Prices, Global Market Trend, Foreign & Domestic Institutional Investor Activities will be important from market point of view this week.
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