The June quarter earnings season, which kicked off on July 9 with Tata Consultancy Services (TCS) reporting its results, is expected to gather pace this week. Corporate earnings are projected to grow around 10%, marking the strongest expansion in four quarters. With the results calendar set to intensify, as many as 2,045 companies are scheduled to announce their June quarter earnings between Monday and Friday, August 14. Here are the key stocks that will be in focus this week.
August 10
Amara Raja Energy, Astra Microwave, Bharat Forge, Bosch, Bombay Dyeing, Choice International, CMS Info Systems, Dilip Buildcon, Euro Pratik Sales, Gland Pharma, Hindustan Copper, Vodafone Idea, ideaForge Technology, Jubilant Pharmova, KEC International, KPR Mill, Kolte-Patil, Lloyds Metals, PC Jeweller, Advait Jewels, Zee Entertainment, among others.
August 11
Ashoka Buildcon, Allcargo Terminals, Bata India, Balrampur Chini Mills, Camlin Fine Sciences, DAM Capital, Delta Corp, Enviro Infra, Epack Durable, Gokaldas Exports, IFCI, KPI Green Energy, Landmark Cars, MRF, RVNL, Som Distilleries, Senco Gold, Siemens, Unichem Laboratories and Zydus Life Sciences, among others.
August 12
Tata Motors, Hindustan Aeronautics, Grasim Industries, Abbott India, AIA Engineering, Balu Forge, Astral, EID Parry, Eldeco Housing, Fiem Industries, GIC Housing Finance, GMR Airports, Indo Count Industries, IRCTC, Ircon International, Jyothy Labs, KNR Heat Exchanger, Lenskart Solutions, Man Infra, Nitco, Sansera Engineering, Sun TV and Titagarh Rail Systems, among others.
August 13
Tata Motors PV, Aditya Birla Real Estate, Apex Frozen, Avanti Feeds, Balmer Lawrie, Brigade Enterprises, John Cockerill, DCM Shriram Industries, Ipca Laboratories, JSW Cement, Jubilant FoodWorks, KRBL, MSTC, Olectra Greentech, Page Industries, Praj Industries, Reliance Communications, Prism Finance, RPSG Ventures, RRP Semiconductor, Sammaan Capital, Solar Industries India, Tega Industries, V2 Retail, VST Tillers, Welspun Living and Zuari Industries, among others.
August 14
3M India, Alkem Laboratories, Ashok Leyland, Bharat Dynamics, Borosil, CIAN Agro, Natco Pharma, PTC Industries, Uflex, Valson Industries, Voltas, Zaggle Prepaid and others.
Market outlook
Wall Street major Goldman Sachs sees the Nifty 50 rebounding to 26,500 by June 2027, a level above its current record high of 26,373, as it turns more constructive on India following an improvement in the recent macro backdrop.
The brokerage said lower commodity prices, a stabilised currency, resilient domestic growth, healthy second-quarter earnings expectations and the potential recovery in select domestic sectors have improved the outlook for Indian equities.
Goldman Sachs expects a shift in market leadership in the second half of the year, with investors rotating from growth stocks to value plays. The brokerage said valuation de-rating weighed on market returns in the first half amid concerns over an economic slowdown, while growth stocks outperformed because of the scarcity of earnings.
Looking ahead, it expects investors to increasingly favour reasonably valued segments as expectations of an economic recovery improve. Goldman Sachs also believes that as foreign outflows reverse in the second half, the biggest beneficiaries are likely to be the most-sold and attractively valued pockets of the market, particularly large-cap stocks and banks.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
