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7 Best Upcoming Stocks To Watch. Which One is Right for You?

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The BSE Sensex and Nifty 50 were off to a good start on Monday, according to trends on the SGX Nifty in early trade. On the Singapore Exchange, Nifty futures were trading 42.50 points, or 0.26 percent, higher at 16,702. In the previous session, the Sensex rose 1328.61 points, or 2.4%, to 55,858.52, while the Nifty 50 closed at 16658.40, up 410 points, or 2.5%. Asian stock markets were divided, while oil futures surged more than 4% as investors kept a close eye on the Russia-Ukraine conflict and related sanctions. Important macroeconomic data, such as GDP and infrastructure output data, will be released today on the domestic front. According to analysts, markets have finally exited their four-month long consolidation phase and are now structurally weak. “On the index front, the next important support for the Nifty is around 15,900-16,000.” To refute this viewpoint, it needs regain the 17,000 zones decisively, with the next significant obstacle being around the 17,300 zones. The current volatility makes trading difficult, so we advise traders to restrict positions and wait for some stability,” said Ajit Mishra, VP Research at Religare Broking.

Best Upcoming Stocks To Watch

RIL, Future Retail: After the Kishore Biyani-led business failed to make lease payments to landlords, Mukesh Ambani’s Reliance Industries Ltd has taken over the operations of at least 200 Future Retail stores and has provided jobs to its employees, according to sources reported by PTI.

Bharti Airtel: Bharti Airtel has spent more than $46 billion to build the digital highway, which accounts for 40% of all digital activity in India, and to upgrade its network to 5G. It also runs one of India’s largest private clouds, with a trillion transactions per day passing via its network.

 

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Vodafone Idea, Indus Towers: Bharti Airtel announced on Friday that it has reached an agreement with Vodafone Group to purchase the latter’s 4.7 percent investment in Indus Towers on the condition that the monies raised be poured into Vodafone Idea (VIL) and transferred to Indus to settle VIL’s outstanding debts.

Adani Power: The Supreme Court gave Adani Power a boost on Friday, ordering Rajasthan’s three state-owned distribution businesses to pay it “Rs 3,048 crore with interest since 2013” towards the balance of the compensation allowed for rising fuel costs within four weeks.

Kalyan Jewellers: According to a top corporate official, Kalyan Jewellers plans to enter the franchise model in the first part of the next financial year to expedite expansion, primarily in the non-southern India market.

Dhanlaxmi Bank: Despite a drop in treasury yields, Dhanlaxmi Bank feels it has turned the corner and is on track for a healthy balance sheet in the future quarters, as it recorded growth in operational profit for the first three quarters of the current fiscal.

Religare Enterprises: According to a regulatory filing on Saturday, Religare Finvest (RFL) has defaulted on interest payments to bond holders due on February 25 due to an asset liability mismatch resulting from the syphoning and misappropriation of funds by erstwhile promoters of its parent company Religare Enterprises Ltd.

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