The Nifty 50 Index has bounced back in the past few weeks and is now hovering near its highest point this year. It was trading at ₹25,813, a few points below the all-time high of ₹26,313. It remains about 20% above its lowest point this year.
The Nifty 50 Index has jumped after reports said that the US was nearing a trade deal with India. Such a deal will lower the 50% tariff as long as India stops importing Russian crude oil.
It also jumped as the Indian earnings season continued. Some of those that published their results this week were firms like Larsen & Toubro, Hindustan Petroleum, Bajaj Finserv, ITC, Vedanta, and Maruti Suzuki.
Bharti Airtel
Bharti Airtel will be one of the top Nifty 50 Index companies to watch next week as it releases its earnings. These numbers come as the company’s stock has been firing on all cylinders and is now hovering at its all-time high.
Bharti Airtel stock has jumped from ₹1,510 in January to ₹2,065 today. This jump happened as the company’s business continued growing and taking market share.
Revenues jumped by 28.5% in the last quarter, up by 28.5% from the same period last year. Its EBITDA margin rose to 56.9%, and most importantly, the number of customers rose to over 280 million.
Therefore, the upcoming Bharti Airtel earnings will provide more color on its business and whether it is doing well.
State Bank of India (SBI)
State Bank of India share price has been in a strong bull run in the past few months. It was trading at ₹937, up sharply from the year-to-date low of ₹665.
SBI’s performance has also coincided with the ongoing bull run of other Indian banks like ICICI and HDFC.
The company’s operations are doing well, with its most recent results showing that its profitability rose by 12.48% in the first quarter to ₹19,160 crores, while its operating profit jumped to ₹30,544 crores.
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Adani Enterprises
Adani Enterprise is another top Nifty 50 Index stock to watch next week as it publishes its results. These numbers come as the stock remains under pressure. It was trading at ₹2,500, down by 33% from its highest level this year.
Adani Ports & Special Economic Zone (SEZ) will also publish its financial results next week. Its stock was trading at ₹1,445, up by 46% from the year-to-date low.
Adani has been in the spotlight in the past few years as a short-seller report alleged substantial irregularities. Its woes continued last year when the SEC filed a lawsuit against Gautam Adani, accusing him of bribery. This case has largely stalled during the Trump administration.
Mahindra & Mahindra
Mahindra & Mahindra is another top Nifty 50 Index to watch as it releases its numbers. Its stock has done well because of the ongoing demand for its vehicles and other equipment.
The most recent numbers showed that the company’s growth continued in the last quarter. Its revenue rose to Rs. 45,435 crores from the previous Rs. 42,585 crores. Also, its profitability continued doing well, hitting Rs. 4,376 crores.
Many other companies in the Nifty 50 Index, like Eicher Motors, Hindalco Industries, Tata Steel, Power Grid, and Tata Consumer Products will also release their numbers.
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