Index heavyweight Reliance Industries is delcaring its April-June performance on Saturday. Though analysts expect only a flat trend vis-a-vis the previous quarter, some positive talk on the retail and telecom businesses, refining margins and activity on the exploration front will be highlighted in the company’s statement. However, any disappointment on the results front could trigger a slide in the stock, which climbed sharply in recent months.

China PMI index to drive metal stocks

Metal stocks will be in focus as Markit Economics will announce on Thursday a preliminary reading of China’s HSBC PMI index for July. This will indicate the health of China’s manufacturing activity. As China is the world’s largest consumer of copper and aluminum, shares such as Hindalco, Sesa Sterlite and Hindustan Zinc will react to the data. Besides, Sesa Sterlite’s subsidiary Hindustan Zinc will detail its April-June earnings on Monday.

MTNL may see some revival of interest

Mahanagar Telephone Nigam will remain in focus as the Government is in the process of reviving and revitalising it through various measures - short, medium and long-term. Besides, the State-run telecom major has shown profit of ₹7,825 crore in its books for 2013-14 on account of some writebacks, Parliament was informed on Friday. MTNL, which had last posted a profit of ₹211.7 crore in 2008-09, had reported a loss of ₹5,321 crore in 2012-13.

Related Topics
comment COMMENT NOW