Stocks To Watch-Out For On Monday Morning

Markets are expected to open steady on Monday morning, after dipping this week. In fact, the Nifty ended the week lower, thanks to the sharp fall in the indices.For the first time in many weeks, we saw net selling by Foreign Portfolio Investors, in the cash markets.Next week all eyes would be on the decision of the US Federal Reserve on whether to hike interest rates or keep them steady. Here are stocks to watch-out for on Monday. Foreign firm, UBS has cut the target on Yes Bank to Rs 650. This is huge drop of 50 per cent from the current price of Rs 1221. This may have an impact on the share price of Yes Bank on Monday morning.The bank had recently deferred its qualified institutional placement offer and SEBI had sought information. The bank has been a good stock performer in the last few weeks.It would be a real surprise, if the stock does not open with losses on Monday. Watch for the stock of Prestige Estate on Monday morning. On Friday the shares rallied as much as 10 per cent with tremendous volumes.The reason for the surge was largely the investor presentation made by the company.The company reported a good set of quarterly numbers with profits surging to Rs 13.67 crores.Prestige Estate is a leading player in the real estate industry, with a large presence in Bengaluru. The stock last closed at Rs 196 on the BSE. It would be interesting to see which way Wockhardt moves on Monday, given the sharp surge in the share price of near 10 per cent. This was after the US FDA cleared the companys Chikalthana plant for violations.This plant contributes around 75 percent to total income.The shares last ended at Rs 909 on the NSE. JBF is another stock that you should watch-out for next week. The shares jumped 15 per cent amid heavy volumes on Friday. It closed the week higher by 16 per cent. The shares of JBF last closed at Rs 235. It rallied as much as 15 per cent on Friday and the National Stock Exchange has sought information from the company, regarding the spurt in volumes.The company has yet to respond. JBF is a very old company that is engaged in the manufacturer of polyester.In this category it manufactures polyester chips, bottle grade chips and partially oriented yarn. This stock was the star performer this week, jumping 18 per cent in trade. The company also concluded its annual general body meeting this week. The stock closed Friday trade at Rs 586.Galantt Ispat is a player in the iron and steel industry, manufacturing iron and steel products such as sponge iron, pig iron, pellets cast iron, bars, rods, rods and billets. It also has a captive power plant.The stock may again remain volatile on Monday morning. Themis Medicare is another stock, which you should watch-out for on Monday morning. The shares of the company surged after it signed an agreement with Nevakar to develop injectable products.The shares of the company were up 5 per cent at Rs 589. Den Networks is a leading cable distribution company.The shares rallied on Friday with heavy volumes. Watch for the shares on Monday, after the company announced a preferential issue of shares.Den Network closed at Rs 78.40, up almost 8 per cent on the BSE.