Results to watch out for in the next one week

With a slowdown in consumption and demand, quarterly results to be declared will hold a lot of anxiety, especially after the budget and the markets’ turmoil. With the market being majorly volatile, and demand being majorly in a trough due to various reasons, the quarterly results are expected to be timid.

Following are the major quarter ending results that will be declared.

Four major banks HDFC, Indusland, IDFC, and Axis Bank will be declaring the results next week. With RBI coming into the forefront to pull the banks from Non- performing asset crisis,it is expected that the revenue will be less as compared to the previous quarter as the bank balance sheet will see an increase in the NPAs.

Reliance Industries’ outlook looks positive from the net income perspective; however crude oil crisis is also expected to affect their net income. Another major firm to watch out for will be Maruti, whose quarter end results are expected to be less than the previous quarter. Majorly low oil prices have increased the sentiments and also the demand but the major cause of concern is the liquidity in the economy. Though RBI has reduced the interest rate in this bi monthly by 25 basis points, the impact could be seen on next quarter if other things remain stagnant.

Another major quarter report to watch out for will be Biocon, the results of which are expected to be positive as this industry is non-cyclical in nature. Also its insulin injection has gained 50% market share which indicates that the demand for this product is good.

With TCS and Infosys doing well it is expected that Wipro estimates will likely be positive. Wipro will declare its quarter ended results on 20/4/16. It is also expected that the Sensex will rally, especially as far as the above three stocks are concerned.