Stocks to Watch: Vedanta, Wipro, HUL, NTPC Green, Apollo Hospitals, IDBI Bank, and More
As the stock market gears up for Friday’s trade, investors and traders alike are keeping a close eye on some of the top-performing companies in the market. With the economy recovering from the impact of the pandemic, there is a lot of buzz around which stocks will be the top performers in the coming weeks. In this article, we will take a look at some of the stocks that are expected to be in focus on Friday’s trade, including Vedanta, Wipro, HUL, NTPC Green, Apollo Hospitals, IDBI Bank, and others, and why they should be on your radar.
Vedanta is a global diversified natural resources company that has been making headlines in the stock market for its consistent performance. The company’s stock has been on an upward trend in recent weeks, and Friday’s trade is expected to be no different. Vedanta has a strong presence in the metals and mining industry, with operations in India, Africa, and Australia. The company’s focus on sustainable and responsible mining practices has helped it gain the trust of investors. With the demand for metals on the rise, Vedanta is well-positioned to continue its growth trajectory.
Wipro, one of India’s leading information technology companies, is another stock to watch on Friday’s trade. The company has been on a winning streak, with its shares gaining over 15% in the last three months. Wipro’s strong financial performance and strategic investments in emerging technologies have attracted the attention of investors. The company’s recent partnership with Intel to develop a 5G edge computing solution has further boosted its prospects. As the IT industry continues to thrive, Wipro is expected to deliver strong returns for its investors.
Hindustan Unilever Limited (HUL) is another stock that is expected to be in focus on Friday’s trade. HUL is the largest fast-moving consumer goods company in India, with a vast portfolio of popular brands. The company’s strong market presence, coupled with its focus on innovation and sustainability, has made it a favorite among investors. HUL’s recent announcement of a dividend payout of Rs. 9.5 per share has further added to its appeal. With the economy opening up and consumer demand on the rise, HUL is set to continue its upward growth trajectory.
NTPC Green is a subsidiary of the National Thermal Power Corporation Limited (NTPC), one of India’s largest power generation companies. NTPC Green focuses on renewable energy, with a target to achieve 32GW of renewable capacity by 2032. The company’s stock has been on an upward trend, gaining over 10% in the last three months. With the government’s push towards renewable energy and NTPC Green’s strong financials, the company is expected to deliver good returns for its investors in the long run.
Apollo Hospitals is another stock that is expected to be in the spotlight on Friday’s trade. The company is India’s largest healthcare provider, with a network of over 70 hospitals across the country. Apollo Hospitals has been at the forefront of the fight against COVID-19, providing critical care to patients and conducting mass vaccination drives. The company’s stock has been on a steady rise, gaining over 20% in the last three months. With the healthcare sector gaining more attention and support, Apollo Hospitals is well-positioned for future growth.
IDBI Bank, one of India’s leading public sector banks, is another stock to watch on Friday’s trade. The bank has been on a turnaround path, with a focus on improving its financials and reducing its non-performing assets. The recent announcement of a capital infusion of Rs. 4,743 crore from the government has further boosted investor confidence in the bank. With the economic recovery in full swing, IDBI Bank’s stock is expected to continue its upward trend.
In addition to the above-mentioned stocks, there are several other companies that are expected to be in focus on Friday’s trade. These include Zee Entertainment Enterprises, Tata Motors, Tata Steel, and Hindalco, among others. With the economy showing signs of recovery and the stock market performing well, it is an exciting time for investors to look for opportunities in the market.
In conclusion, Friday’s trade is expected to be a busy day for the stock market, with a lot of
