Monday is shaping up to be an eventful day on the markets, with a number of stocks set to come into the spotlight. In this blog post, we take a look at four stocks that could be in for a busy day of trading: Paytm, SBI, Marico, and Titan.
Each of these stocks has something different going on at the moment, whether it's a major announcement, a change in leadership, or simply a lot of investor interest. So whatever your investment strategy, these stocks are definitely worth keeping an eye on.
Happy trading!
Top Stocks To Watch On November
On November 07th, Monday, pay attention to these stocks during trading hours as they will possibly be in the spotlight. We explain the reasons why these stocks are buzzing before the Opening Bell and the factors that could come into play in trade.
Top stock to watch: Paytm
The Indian digital payments company is all set to make its debut on the stock market and is expected to be valued at around $25 billion. The company filed for an IPO last month and is now awaiting regulatory approval. Paytm has been one of the biggest beneficiaries of the government's push towards digital payments and has seen a surge in adoption since demonetisation in 2016.
Other stocks to watch: SBI, Marico & Titan
State Bank of India (SBI) is India's largest bank and one of the most influential stocks on the Sensex. The bank is scheduled to report its quarterly results on Monday and investors will closely watch out for any update on bad loans. SBI has been struggling with high levels of non-performing assets (NPAs) for some time now and any further deterioration could spook investors.
Marico, on the other hand, is a consumer goods company with a strong presence in rural India. The company is scheduled to report its quarterly results on Monday and investors will be closely watching out for any update on sales growth. Titan is another stock that will be in focus as the jewellery retailer is scheduled to report its quarterly results on Monday.
Check out this curated list of buzzing stocks
With the global markets in a frenzy, all eyes are on India today as some of its biggest companies report earnings. Here's a look at some of the stocks that could be in the spotlight during trading hours on Monday, November 7th.
Paytm: One of India's leading digital payments platforms, Paytm is set to report its earnings for the first time since going public. The company's stock has been on a roll lately, and investors will be closely watching to see if it can continue its momentum.
SBI: India's largest bank is also scheduled to report earnings today. SBI has been under pressure lately due to rising bad loans, but its share price has still managed to hold steady. Investors will be closely watching to see if the bank can deliver on its promise of a turnaround.
Marico: One of India's leading consumer goods companies, Marico is also set to report earnings today. The company has been performing well recently, and investors will be looking for more good news from its earnings report.
Titan: Another Indian company set to report earnings today is Titan, one of the country's leading jewelry retailers. The company has been struggling lately due to the slowdown in the economy, but its stock price has still managed to hold up relatively well.
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Investors will be closely watching the earnings reports of Paytm, SBI, Marico, and Titan today. All four companies have been facing challenges in recent times, but there is hope for a turnaround with their earnings.
Paytm is an Indian e-commerce payment system and digital wallet company. It was founded in 2010 by Vijay Shekhar Sharma and is based in Noida, Uttar Pradesh. The company has been struggling recently due to the Covid-19 pandemic and the ban on Chinese apps in India. However, it is still one of the most popular digital wallets in the country with over 300 million users.
SBI is India's largest bank with over 24,000 branches and 58,000 ATMs across the country. It is also one of the oldest banks in India, having been founded in 1806. The bank has been struggling due to the Covid-19 pandemic and the resultant economic slowdown. However, it is still one of the most trusted banks in India with a large customer base.
Marico is an Indian consumer goods company founded in 1991 by Harsh Mariwala. It is based in Mumbai and has a presence in over 25 countries. The company has been facing tough competition from foreign brands such as Unilever and P&G in recent years. However, it remains one of the leading consumer goods companies in India with popular brands such as Parachute and Saffola.
Titan is India's largest watch manufacturer with a market share of over 60%. It is also one of the largest jewellery manufacturers in India with a market share of over 20%. The company has been facing tough competition from foreign brands such as Swatch Group and Richemont in recent years. However, it remains one of the leading watch and jewellery manufacturers in India with popular brands such as Tanishq and Titan Watches.
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