Kotak Mahindra Bank, after the merger of ING Vvsya, will announce its standalone quarterly and annual financial performance on Tuesday. Oriental Bank of Commerce, South Indian Bank and State Bank of Travancore will also consider their numbers on Tuesday. Analysts expect Kotak to post a 15-20 per cent rise y-o-y in net profit for the January-March quarter on loan growth and asset quality. Strong show by Kotak will revive the fortunes of other private banks too.

Consolidation to keep retailer stocks in focus

Following the Kishore Biyani-led Future Group taking control of Bharti Retail and the consolidation in Aditya Birla Group, shares of companies engaged in retailing, such as Trent, V2Retail, Brandhouse Retails, Cantabil Retail and Shoppers Stop, among others, will continue to remain in focus at the bourses. Besides traders’ interest for a couple of days, analysts also expect these counters to attract long-term investors who bet on consolidation in the segment.

Performance to guide Dabur, ABB, SKS Micro

ABB India, Century Enka, Century Textiles, Dabur, Tube Investments of India, Sun Pharma Advanced Research, Donear Industries, Pfizer, Elder Pharma, Firstsource Solutions, NIIT Technologies, GTL, KPR Mills, Accel Frontline, Maral Overseas, IL&FS Investment Managers, Muthoot Finance, Hikal and Rain Industries will declare their results on Tuesday. Shares of these companies, which are closely watched, will swing according to the numbers.

comment COMMENT NOW