Stock to watchout for next week

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1.  IIFL Finance

IIFL Finance Limited is one of the leading players in the financial services space in India. Together with its subsidiaries – IIFL Home Finance Limited, IIFL Samasta Finance Limited and IIFL Open Fintech Private Limited, it provides a diverse range of loans and mortgages.

Recent Results :-

• Net Profit up by 36% YoY
• Revenue up by 21% YoY

Univest Fundamental Score – STRONG

Technical View:-

• IIFL Finance gave a breakout on Friday supported by volumes..
• The stock is showing strength as it is trading at its lifetime high levels.

2.   Redington

Redington is an organisation of companies services and products in the field of mobile handsets, mobile accessories, information technology services, artificial intelligence, big data analysis, 5G communications, Internet of Things and supply chain management.

Recent Results:-

• Net Profit up by 21% YoY
• Revenue up by 25% YoY

Univest Fundamental Score – STRONG

Technical View:-

• This stock has given a trendline breakout on weekly chart supported by volumes 
• Redington is now making higher highs on the weekly charts as well

 

3. TVS Motors

TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai, Tamil Nadu, India. It is the third largest motorcycle company in India with a revenue of over ₹20,000 crore in 2018–19. The company has an annual sales of three million units and an annual capacity of over four million vehicles

Recent Results:-

• Net Profit up by 67% YoY
• Revenue up by 31% YoY

Univest Fundamental Score –  NEUTRAL

Technical View:-

• This stock is trading near its support zone of 50 days EMA
• TVS motors can break this trendline from the support zone and can provide good returns in the short term.

4. Adani Enterprises

Adani Enterprises Limited is an Indian multinational publicly listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centres, solar manufacturing, among others.

Recent Results:-

• Net Profit up by 260% YoY
• Revenue up by 190% YoY

Univest Fundamental Score –  STRONG

Technical View:-

• Adani Enterprises gave a breakout last week at 3867 levels and has retested the same levels as well.
• It is also trading at important levels as it can take support from its 10 days EMA

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