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Here are your top 5 stocks to watch out for in trade:
1. Zee Entertainment: The company will be declaring its Q1 FY21 earnings. The ET NOW Poll sees sales down 37% on a yearly basis to `1265 cr and profits are seen at `236 cr, down 55% on a yearly basis. Expect a ~45% YoY decline in ad revenue as a weakness at end ad spenders persisted in lockdown.
2. NTPC: CLSA maintains a buy rating on NTPC with a Target at `140/share. The brokerage says a significant scale-up in renewables ahead but at right profitability and the core story remains intact and robust.
3. BHARTI, VODAFONE: Telecom companies are in focus as India’s Supreme Court Adjourns Telecom Dues Case to Aug. 19
4. VOLTAS: CLSA has downgraded the stock to Outperform from Buy with a Target for Voltas at `660/share. The brokerage says long term prospects are Improving and Market-share gains in UCP and traction in Voltbek JV are key positives.
5. Orient Paper: The company’s revenue and profitability have been adversely impacted due to the lockdown. It reported a loss of `17.4 cr vs a profit of `8 cr last year.
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