Looking to make some money in the stock market this month? Here are four stocks that you need to watch on May 16.
Tech Mahindra
One stock that is expected to see a lot of action in May is Tech Mahindra. The company has announced its first quarter results on May 13 – Tech Mahindra Q1’22 Revenues up 14.6% Q1’22 Profit after tax up 42.2%· Revenue at USD 1383.6 mn; up 4.1% QoQ and 14.6% YoY· EBITDA at USD 254.3 mn; down 4.4%. Analysts are expecting strong performance in the coming months.
Tech Mahindra is a tech company that specializes in providing technology solutions to the banking sector. The company has done well in recent years and its stock has been quite volatile. However, analysts predict that the company’s earnings will be strong and its stock will be worth watching out for in May.
Tata Motors Stock
One of the stocks that investors should watch out for in May is Tata Motors. Tata Motors is a multinational manufacturer and distributor of automobiles and motorcycles. It has operations in more than 50 countries and employs more than 800,000 people.
The company’s primary businesses are passenger cars, commercial vehicles, and heavy commercial vehicles. In passenger cars, it manufactures models such as the Nexon, Punch, and Tiago. In commercial vehicles, it produces models such as the Ace Gold, Intra V30, Intra V10. And in heavy commercial vehicles, it produces models such as the Signa 1923.K, 1512 LPT, and Signa 4018.S.
Tata Motors is also a leader in electric vehicles. It manufactures the Tigor electric vehicle and the Nano Electrified concept car. The Tigor is a small SUV that has a range of 220 miles and a top speed of 130 mph. The Nano Electrified is a concept car that has a range of 300 miles and can go from 0 to 60 mph in just 6 seconds.
Investors should keep an eye on Tata Motors stock in May because it is likely to report strong earnings growth rates. This will help to boost its stock prices significantly.
Maruti Suzuki Stock
Maruti Suzuki is a car manufacturer based in India. The company sells cars under the Suzuki and Hyundai brands.
Maruti Suzuki stock has been on the rise recently, and investors are bullish on the company’s prospects. The reason for this is that the Indian auto market is growing rapidly, and Maruti Suzuki has a good position in this market.
The company has been expanding its operations in other countries, such as China and Indonesia. This has helped to increase sales and increase profits. Maruti Suzuki also plans to enter new markets, such as the United States and Europe.
All of these factors give investors hope that Maruti Suzuki will continue to grow rapidly in the future. So, if you’re interested in investing in a car company, Maruti Suzuki is a good option to consider.
Ambuja Cements Stock
Ambuja Cements is one of the top stocks to watch out for in May. Ambuja Cements on Thursday 28, April reported a 25.56 per cent year-on-year (YoY) drop in standalone net profit at Rs 495 crore for the March quarter but analysts are expecting strong results in the coming months.
Ambuja Cements is a major player in the cement industry and it is expected to grow rapidly in the coming years. The company has a strong balance sheet and it is well funded. This means that it has the financial resources to expand its operations and increase its stock price.
Ambuja Cements is also expected to make some important acquisitions in the coming months. If these acquisitions go smoothly, then Ambuja Cements could see its stock price surge even more in May.
Also Read: How To Invest During A Stock Market Crash: Top Wall Street Experts’ Advice