Stock to watchout for next week

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Stock to watchout for next week

1.  Affle India

Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions, and transactions through relevant Mobile Advertising.

Recent Results :-

• Net Profit up by 23% YoY
• Revenue up by 29% YoY

Univest Fundamental Score – STRONG

Technical View:-

• This stock reclaimed its 50 EMA with Volumes on Friday.
• Affle has given a breakout of a downward-sloping trendline with volumes and made a follow-up candle which shows strength (as shown in the image below)

 

2.   Asahi India Glass

Asahi India Glass Limited is a glass solution and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products.

Recent Results:-

• Net Profit up by 30% YoY
• Revenue up by 27% YoY

Univest Fundamental Score – NEUTRAL

Technical View:-

• This stock has reclaimed its 50 EMA with Volumes on Friday.
• This stock has given a breakout of a triangle pattern with volumes (as shown in the image below)

 

3. Action Construction

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995. Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery

Recent Results:-

• Net Profit up by 48% YoY
• Revenue up by 36% YoY

Univest Fundamental Score -  VERY STRONG

Technical View:-

• This stock has given a range breakout and now retesting the same range (as shown in the chart below)
• Action construction is taking support on its 10 EMA.

4. Granules India

Granules India Limited is an Indian pharmaceutical manufacturing company based in Hyderabad, India. Granules manufacture several off-patent drugs, including Paracetamol, Ibuprofen, Metformin, and Guaifenesin, on a large scale for customers in the regulated and rest of the world markets.

Recent Results:-

• Net Profit up by 79% YoY
• Revenue up by 26% YoY

Univest Fundamental Score -  STRONG

Technical View:-

• This stock has given a range breakout earlier and continuously sustained that breakout.
• Granules are taking support on its 20 EMA which is an important area.

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