WEEKLY TRENDSETTER ( MAY 22 ,2026)
| 2026 | MAY 8 | MAY 15 | Ch % |
| NIFTY | 24176 | 23643 | -2.20 |
| BANK NIFTY | 55310 | 53710 | -2.89 |
| USD/INR | 94.30 | 95.87 | +1.66 |
MARKET REVIEW-The market began on a weak note and despite some recovery towards close of week, it did not look convincing enough to sustain. While unease prevails over the US -Iran war, some hopes were raised during the week due to the scheduled meeting between US and China. However, other than some reassuring statements from the Chinese premier no evidence was available that could change the US Iran scenario. The broader market was fairly resilient and thus sentiments were still fairly hopeful.
BACK TO RESULT SEASON
March quarter results are trickling in. Let’s explore some of them to get cues of where the stocks could be heading.
Rs in cr, Bracket indicates ch in % against Mar,25 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| Aris Infra Solution | 343(+55) | 22(-1) |
| NR Agarwal | 605(+29) | 14(-7) |
| SMC Global Sec | 517(+22) | 21(+425) |
| Bhagyanagar Inds | 735(+61) | 18(+260) |
Aris Infra Solution (137)-The company provides a technology-enabled B2B procurement platform for construction and infrastructure materials. It came with an IPO in June 25 at Rs 220. However, it has since then sharply dipped despite what looks like a digital solution provider for real estate builders. For FY25-26 topline has crossed Rs 1000 cr. With an EBIDTA of 10%, the company has an asset light model and topline holds the key to profitability. For FY25-26 it has posted EPS of Rs 7.
NR Agarwal Inds (458) –The company manufactures recycled paper-based products addressing mainly four categories: duplex boards, writing and printing papers, copier and newsprint. The topline crossed Rs 2000 cr for FY25-26. Profitability in the last 5 years has been showing a negative trend with pressure on profitability clearly visible. However, recycling industries offer a second rung of supply to cost sensitive consumers and should profit from inflationary pressures. With an EPS of Rs 8.50 for 2 consecutive quarters the stock has already doubled in the past one year. Valuation appears reasonable and lower levels should see investor support.
SMC Global Sec (65) -The broking firm has come out with good numbers for the March quarter. However, a closer look reveals that sequentially profits are down. While revenue has shown a decent rise, interest costs appear to dent profitability. The company has posted EPS of Rs 1.01 for the quarter on expanded capital after 1:1 bonus.
Bhagyanagar Inds (317) –The company manufactures wide range of copper products and supplies to auto, switchgear and transformer companies across the globe. It has also entered into solar products. The stock has seen a steep rise in the past 1 year largely due to an expected demerger of the company. The copper business is expected to be under Tieramet Limited and the balance of the business will be under the original company which will have wind power assets, and land parcels in and around Hyderabad. The process is expected to be completed by end of June 26.
NIFTY –The index is slowly shifting to the lower band of 23200-24000.With banking stocks faltering and IT also on slippery territory, leadership is clearly missing, to have a sustained recovery. Levels of 23100 beckons the index which also technically has a gap to be filled and any recovery could stall around 23800.
BANK NIFTY-The index had a steep 2000 points fall in the beginning of the week and despite some minor recovery closed weak and looks like shedding another 1000 points in the coming week.
Is the sugar recovery spooked?
Just when the industry was relieved due to relaxation of ethanol norms, the Govt has notified that no sugar is allowed to be exported till Sept due to hardening of sugar prices domestically. More sugar can be diverted towards ethanol production which has become a national priority after the sharp crude surge in the past 3-4 months. While this could be a temporary spook to the sugar industry, it remains to be seen how much ethanol blending can contribute to profitability. The Govt seems determined that considering the vulnerability faced by the country every time crude prices surge, a long term alternative needs to be put in place which will atleast partly absorb the price shock.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam
DISCLAIMER: Kindly note that I am not SEBI registered and the above content is for educational/informational use only and users should consult a registered professional before investing.