Preparation for Budget 2021 is going on loudly. On February 1, Finance Minister Nirmala Sitharaman will present the budget to the country. But just before the budget i.e. on Friday and Saturday, about 130 companies including Tata Motors, Indian Oil, Mahindra will present their quarterly results. Most companies will release their quarterly results after the market closes on Friday evening. It is believed that the impact of these results will also be seen on the market on Monday. 91 of these companies will present the results after the market closes on Friday, while the remaining companies will release the results on Saturday.
It is believed that the companies are going to present their results before the budget so that their shares cannot be seen to have much impact. Because the impact of budget announcements will be more on the market on Monday. In fact, during the budget speech, a greater impact is seen on the stocks with which sectors are announced.
Najee of these companies on 30 January
The companies whose results are due on Saturday, January 30, will include companies like ICICI Bank, IDFC Bank and Shri Ram Cement. On the same budget day i.e. February 1, 19 companies will present their results. In fact, companies have the right to choose the date of results of their choice.
They will be kept watch on Friday
After the closing of the market on Friday, the last trading session of the week, big companies will present their results. These companies will include giants like Tata Motors, Indian Oil, Tech Mahindra, Dr. Lal Path Labs, Sun Forma, Exide Industry. The industry hopes that Finance Minister Nirmala Sitharaman can make some such announcements in the budget so that the industry can get relief. Now that there is only a few days left in the budget, in such a situation, companies are giving their talk to the Finance Minister and hoping that their sector can get relief.