WEEKLY TRENDSETTER ( JUNE 12 ,2026)
| 2026 | MAY 29 | JUNE 5 | Ch % |
| NIFTY | 23548 | 23366 | -0.77 |
| BANK NIFTY | 54239 | 54496 | +0.47 |
| USD/INR | 95.14 | 94.95 | -0.06 |
MARKET REVIEW-The market opened on a weak note for the week and the same continued for the whole week as FII’s exited at every available bounce while DII s cushioned the selling by some aggressive buying. Towards close of week some measures were announced by RBI which is aimed at attracting foreign inflows.
BACK TO RESULT SEASON
March quarter results are almost coming to an end. 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 |
| Camlin Fine | 425(-2) | 85(-2) |
| Eveready Inds | 327(+9) | 142(+1320) |
| BB Triplewall | 162(+14) | 9(-2) |
| Guj Ind Power | 428(+26) | 327(+367) |
Camlin Fine (135)-The company manufactures speciality ingredients, performance chemicals and aroma chemicals catering to a wide range of industries. The March quarter net profit has shown a sharp spike entirely on the back of an exceptional income. Debt levels are high and margins are also under pressure. In the last 5 years though, there has been a steady growth in the revenue profits have been under pressure which has kept the stock price under pressure.
Eveready Inds (333)-The company is into manufacture of batteries, flashlights and lighting. Over the years it has performed on a steady note. The March quarter results saw an exceptional income boost the bottomline. In April 26 the company commissioned an alkaline battery manufacturing facility in Jammu. With an EPS of Rs 11(without exceptional income) the company is largely dependent on rural consumption and also the ability to pass on raw material price increases.
BB Triplewall (208) -The company manufactures corrugated boards, boxes, rolls, etc. It has seen an impressive growth in revenue in the past 5 years though profitability has not kept pace. Its customer base comes from industries like food & beverage, retail industry, logistic, pharma and automotive. With e-commerce also growing at a fast pace, the prospects look bright. With Rs 11 EPS the stock looks reasonably priced and improvement in margins is the key to future prospects.
Guj Ind Power (170) -The company is in the business of power generation with current installed capacity at 1859.40 MW. It has a diversified power generation portfolio comprising thermal (lignite and gas) and renewable (wind and solar) power plants. It also operates captive lignite and limestone mines to meet the fuel requirement of the 500 MW Surat lignite power plant. With power demand likely to witness robust growth the company is poised to ride the wave. Over the years the company has seen steady growth. The March quarter saw a boost to the bottomline from a tax credit. However, after a steep correction in the past 2 years lower levels should attract buying.
NIFTY –The index struggled for most part of the week and towards close ended above 23300.However, during the week the much talked about gap at 23150 got filled and the market recovered strongly from there. The move next week will be interesting. A retrace back to those levels will be a cause of concern and levels of 22800-900 could be seen. If the recovery maintains 23700—800 is a possibility.
BANK NIFTY-The index again closed in the positive for the week though still looks unconvincing. Level of 55000 remains critical and on the lower side 53000-53500 will act as a support zone from where a bounce has happened twice in the recent past.
RBI measures could give a boost to forex inflows
The RBI meet on Feb 5 kept rates unchanged. However, in a bid to boost forex inflows it made some interesting announcements.
1.Easier access for foreign investors to Govt bonds
2. Liberalized equity investment for NRI and overseas individuals
3.Incentives for NRI deposits (FCNR) where hedging cost support will be provided by the Govt. Thus, the NRI is insulated against currency fluctuations
4.Discounted forex swaps which makes external borrowing more attractive
5.Exporters now get 9 months to bring forex into India
All the above measures are expected to attract $25-75 bn and also strengthen the rupee
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.