WEEKLY TRENDSETTER ( AUG 29,2025)
| 2025 | AUG 14 | AUG 22 | Ch % |
| NIFTY | 24631 | 24870 | 0.97 |
| BANK NIFTY | 55341 | 55149 | -0.35 |
| USD/INR | 87.53 | 87.51 | -0.02 |
MARKET REVIEW-The markets were fine for most part of the week. However, towards close profit taking trimmed part of the gains. Banking stocks were a drag on the market which was well balanced by good gains in auto, FMCG, fertilizer, telecom and several others. Thus, the broader market was fine as sentiments were largely boosted by the proposal to reduce GST rates.
BACK TO RESULT SEASON
June 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 June,24 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| Universal Cable | 600(22) | 15( -1 loss) |
| Rane Madras | 881(+68) | 19(+533) |
| Centum Elec | 273(+10) | 4 (-4 loss) |
| Khaitan Chem | 234(+80) | 21(-17loss) |
Universal Cable(UCL) (716)-A leading manufacturer of XLPE, PVC cables, capacitors the company has seen steady growth over the years with the power industry also in a growth phase. To meet the growing demand of Extra High Voltage Cables (220 kV and above), UCL has ventured into this market segment since long. For this it has adopted VCV process at its Satna Plant in technical collaboration with the World Leader in Cable technology, Furukawa Electric Co. Ltd., Japan. The technical collaboration covers Cable designing, Manufacturing, Laying, Jointing, Testing and Installation.
The company has historically seen reasonable valuation compared to some of its peers. It has posted EPS of Rs 9.50 for the quarter. At current levels it looks reasonably priced.
Rane Madras (890) -An auto ancillary company it manufactures brake and engine components, steering and linkage products, castings, etc. It has a strong global presence as well with 25% of the revenue coming from exports. Post Covid performance has been erratic though it seems to be getting back on track. At current levels the stock looks well priced.
Centrum Electronics (2741) -The company is in existence since 1994 and since then has rapidly grown into a diversified electronics company with operations in North America, Europe, Middle East and Asia. It offers a broad range of products and services across different industry segments. It has continuously invested in strengthening its design & product development capabilities while developing deep domain knowledge in the segments it operates in. It has presence in defence, aerospace, industrial, medical and telecommunication segments. On the performance front though it has seen a steady growth in revenue over the years profitability has not kept pace. However, due to its presence in high profile segments and bright future prospects it has seen buying at lower levels. At current levels it looks stretched.However,lower levels should attract buying.
Khaitan Chem (109)-The company is the largest manufacturer of SSP (Single Super Phosphate). SSP is a sulphur containing fertilizer which is extremely essential for oil seed & pulses. The Govt is making a lot of efforts to increase oilseed/pulses production to avoid imports of these commodities which may continue for another 20-30 years. Hence, the significance of SSP has become more specific as “S” (Sulphur) is available almost free of cost through this fertilizer. The company has come out with a solid set of numbers for the June quarter and posted an EPS of 2.2. At current levels the stock looks reasonably priced.
NIFTY –The index opened with a big gap up and while it was building up on this gain, profit taking towards close of week pared large part on these gains and the index again slipped below 25000.Any bounce should ideally see resistance at around 25100-200 and 24800 should act as a strong support next week which will also be the monthly expiry week.
BANK NIFTY-The index was largely a laggard as it failed to sustain higher levels and closed just above 55000 and clearly looks vulnerable. Any bounce could see resistance at around 55600-700 while a slip below 55000 could see levels of 54500.
STOCK PICKS
Dabur (517) –The stock has risen last week on good volumes. The 200-dma is placed at 503 and the stock could be expected to continue its uptrend. Accumulation could be considered for a possible target of 535-40 in the coming days.
Indus Tower (353)-The scrip formed an engulfing bullish pattern on good volumes last week. Buying around 350-55 could be considered for a possible target of 380 in the coming days.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam