WEEKLY TRENDSETTER ( JULY 31 ,2026)
| 2026 | JUNE 17 | JULY 24 | Ch % |
| NIFTY | 24334 | 23767 | -2.33 |
| BANK NIFTY | 58521 | 56693 | -3.12 |
| USD/INR | 96.29 | 96.68 | 0.41 |
MARKET REVIEW-The week began on the back of the results of heavyweight banking counters like HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, etc. With HDFCBank and Axis Bank reporting results below expectation the sell off was sharp and that dragged down the indices. The final knockout punch was delivered by INFY, again on the back of results though it did recover towards close of week. With US Iran trading blows at each other and Brent crude surging past $90 and the rupee also weakening, the scenario was grim.
BACK TO RESULT SEASON
June 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 June,25 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| Sterlite Tech | 1910(+87) | 197(+1870) |
| HFCL | 1915(+119) | 246(-29) |
| Acutaas Chem | 322(+56) | 76(+68) |
| Seshasai Tech | 376(+20) | 62(+67) |
Sterlite Tech (564)-The company is one of the largest and lowest cost optical fibre manufacturers as it operates across the value chain starting from manufacturing of glass preforms to the final product. The product is at the core of digital connectivity solutions provider to artificial intelligence and data centres. The company looks to increase its market share in North America, Europe. Recently it did a QIP at Rs 583 cr to raise Rs 1500 cr for debt reduction. Investor appetite is high at lower levels and the stock has already seen a strong rally from 180 since April 26.
HFCL (197)-The company came into limelight in the past 3-4 months due to its presence in manufacture of (OCF) optical cable fibre. It also produces telecom products and has presence in the defence sector. Governments worldwide are increasing spending on telecom infrastructure, broadband connectivity, 5G deployments, and defence capabilities amid rising geopolitical tensions. The June quarter results saw a sharp jump in revenue and bottomline. The stock has also seen good investor appetite at lower levels due to improving prospects.
Acutaas Chemical(3257)-Previously known as Ami Organic the counter has been a silent performer on the bourses as savvy investors have been buying at lower levels and the stock has been stellar performer .While the pharma industry is going through challenging times ,this company has not been affected in any manner going by the strong revenue and profit numbers in the past 5 years .It achieves its high profitability by transitioning from basic commodities to high-margin contract development and manufacturing organization (CDMO) services, focusing on advanced pharmaceutical intermediates for major oncology drugs, and continuously optimizing its production efficiencies. The June quarter saw another good set of numbers though sequentially the numbers look under pressure and the stock has also corrected.
Seshasai Tech (384)-The company manages information throughout its entire lifecycle, from creation to dissemination, ensuring its effective use to drive business outcomes. It has evolved from being a print stationery supplier for the fast-growing private bank sector in the early 90s; to being a reliable custodian of government data in the new millennium.
The company utilises robotic automation, big data, RRFID (adio frequency identification) and more to develop unique solutions crafted for unique challenges. In a nutshell the company is at the high end of data analysis. It has seen rapid growth in revenue and profitability in the past 5 years. In this new age of data crunching business, the business model looks interesting.
NIFTY –The index which offered hope of surviving above 24000 could not sustain and by close of week fell to 23600 before a minor recovery. Regaining 24000 looks difficult as heavyweight counters have seen sharp selling. With banking and IT under pressure any recovery could be short lived. With monthly expiry next week 23300 comes back to focus again to lend support while 24000 could act as resistance.
BANK NIFTY-The index dipped below the 200-dma of 57400 and dashed all hopes of leading a market revival. While the index looks oversold in the immediate short-term levels of 57400 -800 could see selling pressure and levels of 55500-56000 will now be critical.
Recycling theme here to stay?
When the metal sector becomes bullish it is the time for recyclers to enter the fray and use the used metal for recycling. There are several companies in India which have flourished in this space and many are listed. The company that comes in the forefront is Gravita India, one of the largest lead producers in India. The company produces leads, zinc, and copper alloys and has recently introduced the plastic recycling division, widely used across industrial sectors. Nile is another one which is into lead manufacture and supplies to lead acid manufacturers like Amara Raja which is a major client. The other company that is growing fast is Pondy Oxides, again into recycling of lead batteries and other form of scrap like copper, zinc, plastic, etc.
A few more companies will be featured in this column next week. Till then….
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.