Upcoming Q4 results: From Adani Transmission to IRCTC here are the corporate earnings to watch this week
Consistent FII buying may maintain investor confidence on Dalal Street this week, in addition to experts anticipating that India's FY23 GDP would only barely outperform the initially projected 7.0% growth rate.
PremiumDuring the week, the performance of the domestic market was influenced by global cues, FIIs inflows, hawkish comments from US Fed officials, US debt ceiling negotiations and the last round of corporate earnings. Consistent FII buying may maintain investor confidence on Dalal Street this week, in addition to experts anticipating that India's FY23 GDP would only barely outperform the initially projected 7.0% growth rate. In addition to market activity, the following companies will report their Q4 and FY23 earnings this week.
May 29
Adani Transmission
IRCTC
NHPC
Torrent Power
Rail Vikas Nigam
The New India Assurance Company
Ipca Laboratories
Natco Pharma
Campus Activewear
ITI
Eureka Forbes
NBCC (India)
Allcargo Logistics
KNR Constructions
Jubilant Pharmova
Suprajit Engineering
NIIT
RattanIndia Enterprises
Bengal & Assam Company
Sobha
Techno Electric & Engineering Company
Privi Speciality Chemicals
30th May 2023
Adani Ports & Special Economic Zone
Apollo Hospitals Enterprise
Torrent Pharmaceuticals
Mankind Pharma
Patanjali Foods
3M India
Prestige Estates Projects
Rajesh Exports
Mazagon Dock Shipbuilders
RHI Magnesita India
Aegis Logistics
KIOCL
Suzlon Energy
V-Guard Industries
KRBL
EID Parry (India)
Lemon Tree Hotels
Indiabulls Real Estate
Arvind Fashions
31st May 2023
BN Holdings
Ushdev International
Mipco Seamless Rings
Rajendra Caterers & Confectioners
2nd June 2023
Kalyani Investment Company
Setco Automotive
Commenting on the stock market outlook this week, A R Ramachandran, Co-founder & Trainer-Tips2trades said "As majority of the companies' Q4FY23 results have been published, focus from this week onwards could be on the global macroeconomic data. While India's GDP data would help judge the extent of the slowdown in our domestic economy, the CPI data in Europe coupled with Non farm payrolls data on Friday could determine the trend for the coming weeks. Technically, Nifty has been bullish with immediate support at 18300 & strong support at 18090. As long as these supports are held on a closing basis, a further uptrend till 18763 looks likely."
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