Hot stocks next week: NTPC, Adani Enterprises, Manappuram Finance, Kirloskar Industries, and more stocks in focus

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Indices end in green

Benchmark indices ended in green on Friday. BSE Sensex jumped 297.95 points, or 0.48%, to settle at 61,729.68. NSE's Nifty50 gained 73.45 points, or 0.41%, to close at 18,203.40. Broader markets underperformed the headline peers as BSE midcap and smallcap indices settled in red [{ "selector": ".bajiq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 399px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".lxrpo-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Market to resume
upward journey

“After struggling throughout the week, Nifty managed to show some strength in the last trading session. While the market saw some profit booking at higher levels, the overall strength is visible and dips are being bought into. Positive global cues, a healthy result season, and consistent FII buying have been providing support to the market. We expect the market to resume its upward journey after taking a pause this week,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. [{ "selector": ".fldci-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 322px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ldbsp-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

NTPC

NTPC shares will be in focus on Monday, May 23, 2023 as the company reported its Q4FY23 results on Friday [{ "selector": ".bbnnl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 472px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ubtod-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Adani Enterprises

An expert committee, led by Justice AM Sapre, appointed by the Supreme Court to investigate allegations levelled by the Hindenburg Research around the Adani Group said it has not found any pattern of “artificial trading” or “wash trades” with the Adani stocks [{ "selector": ".frzqb-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 423px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".xfmrz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Bank of Maharashtra

Bank of Maharashtra has announced a dividend of Rs 1.3 per equity share with a face value of Rs 10 per share, a 12% payout. The stock will go ex-dividend on Tuesday, May 23 [{ "selector": ".dfwmn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 423px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ocpoo-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Rossari Biotech

Rossari Biotech has announced a dividend of Re 0.5 per equity share with a face value of Rs 2. The stock will trade ex-dividend on Wednesday, May 24 [{ "selector": ".sljns-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 453px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".aerpr-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Manappuram Finance

Manappuram Finance has announced an interim dividend of Re 0.75 per equity share with a face value of Rs 2. The stock will trade ex-dividend on Wednesday, May 24 [{ "selector": ".ddtjl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 453px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".lcokr-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Kennametal India

Kennametal India has announced an interim dividend of Rs 20 per equity share with a face value of Rs 10. The stock will trade ex-dividend on Thursday, May 25 [{ "selector": ".rgqpm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 453px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".mjmca-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Kirloskar Industries

Shares of Kirloskar Industries will be in focus next week as the company is scheduled to report its Q4Y23 results on Monday, May 23, 2023 [{ "selector": ".wocfx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 453px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".jnutt-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Disclaimer

Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position [{ "selector": ".mrzss-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 433px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".fqsix-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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