On Friday, the stock has given a neckline breakout of the double bottom pattern. This breakout was confirmed by the above 50-day average volumes. With this pattern breakout, the stock has also managed to close above their long-term moving averages that are, 100-day EMA and 200-day EMA.

The benchmark indices were also supportive with BSE-200 and BSE-500, gaining 1.42 per cent and 1.13 per cent each during the week. Emami emerged as the highest gainer with a gain of 15 per cent at Rs 351 on Friday.

The following stocks will be in focus during Monday’s trading session in the light of their result announcements: Chennai Petroleum Corporation, HDFC Bank, Cupid, Jindal Steel & Power and Goa Carbon.

The company had mentioned about its plan of FPO after the second quarter numbers of the current fiscal. In a statement to the stock exchanges, the company stated that the public offering is intended towards raising funds by issuing equity shares of face value of Rs 10.

Indian equity benchmarks ended the lacklustre day of trade flat on Friday, with frontline gauges swinging between red and green terrain throughout the session, despite a strong trend seen in other Asian markets.

The stock of Torrent Power Limited has given a breakout of downward sloping channel. This breakout was confirmed by the above 50-week average volume.

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Shriram Transport Finance Company (STFC) announced that it has managed to raise $500 million out of $ 3 billion raising plans, which was earlier approved by its board. The company completed the allotment through senior secured notes.

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The partially convertible currency is currently trading at 70.97, weaker by 4 paise from its previous close of 70.93 on Thursday. The currency touched a high and low of 71.00 and 70.94, respectively.