Q3 Results – Key Stocks to Watch

Earnings season is in full swing, with important Q3 results expected from Grasim, Hindalco, HAL, Glenmark, Eicher Motors, and more. These reports will be crucial in setting the market tone for the week ahead.

Sectoral Focus

🏠 Realty Sector

The RBI’s 25 bps rate cut and the Finance Minister’s announcement of zero tax on income up to ₹12 lakh per annum under the new tax regime are set to boost demand in the real estate market. Likely beneficiaries:

✅ Godrej Properties, Oberoi Realty, DLF, Anant Raj

🏦 PSU Banks

With strong Q3 earnings, improved asset quality, and RBI’s liquidity-enhancing measures, PSU banks remain in focus. Stocks to watch:

✅ Union Bank, Bank of India, PNB, Central Bank of India, SBI

💻 Midcap IT Sector

A favorable USD/INR exchange rate and robust Q3 earnings are likely to fuel momentum in midcap IT stocks. Companies to track:

✅ LTI Mindtree, Mphasis, LTTS, Persistent, Infosys

💊 Pharma Sector

The rising USD/INR rate is a major tailwind for export-driven pharma companies, alongside strong Q3 earnings. Stocks likely to gain:

✅ Aurobindo Pharma, Sun Pharma, Lupin, Mankind Pharma, Divis Labs, Glenmark Pharma

🚗 Auto Sector

A combination of impressive Q3 results, strong monthly sales data, and the RBI’s rate cut is expected to support the auto sector. Stocks in focus:

✅ Maruti Suzuki, M&M, Hero MotoCorp, Tata Motors, Bajaj Auto

📊 Technical Outlook

🔹 Nifty formed a bearish candle on the daily chart with a long lower shadow, indicating a pullback from support zones. On the weekly chart, it formed a bullish candle, continuing its pattern of higher highs for the last three weeks.

🔹 Bank Nifty formed a bullish candle on the weekly scale, with multiple supports intact at lower levels.

This week’s momentum will depend on how Nifty and Bank Nifty sustain above key psychological levels amid earnings and macroeconomic developments.

🌍 Global Cues

🔹 US Jobs Data & Fed Policy – Market sentiment will take cues from key US employment data and any updates on Federal Reserve policy.

🔹 Crude Oil Prices – A major factor influencing inflation and rate decisions.

🔹 Geopolitical Developments – Any surprises on the global front could lead to volatility.

🔍 Key Takeaway

With Q3 earnings, rate cuts, and tax reforms, the market remains in a buy-on-dips mode across select sectors. Stay tuned for stock-specific action and global triggers shaping the week ahead!