WEEKLY TRENDSETTER ( MAY 29 ,2026)
| 2026 | MAY 15 | MAY 22 | Ch % |
| NIFTY | 23643 | 23719 | +0.32 |
| BANK NIFTY | 53710 | 54055 | +0.64 |
| USD/INR | 95.87 | 95.70 | -0.18 |
MARKET REVIEW-The market was highly tentative on all days .However sharp dips were bought into as bargain hunting in the mid cap and small cap space continues.Crude is showing signs of correcting but largely depends on the US -Iran truce which is still on shaky grounds making markets uncomfortable.
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 |
| JSW Cement | 1895(+10) | 356(+3855) |
| Latent View | 100(+2) | 35(-1) |
| Lenskart Solution | 1470(+43) | 164(+720) |
| RSWM | 1142(-9) | 34(+3300) |
JSW Cement (138)-The company came out with an IPO in Aug 25 at a price of Rs 147.It has an installed grinding capacity of 20.60 mmtpa spread over south(11 m),west(4.5m)and east (5.1m).The aggressive IPO price failed to sustain as the stock dipped to 106 .However,the March 26 results has seen a resurgence with the stock regaining its IPO price.EBIDTA margin at 19% has seen the company return to black.Investor interest has returned post the results and the stock has rallied.
Latent View(326) –The company is into data analytics with the core team driving all facets of AI into business processes, with investment in talent upskilling for advanced analytics and AI.With an EPS of Rs 6 for FY26 the stock has found it difficult o sustain at higher levels.While revenue over the years has seen steady growth margins have not sustained and that could be a cause of concern though the business model looks exciting.
Lenskart Solution(514)- The company is a technology-driven eyewear company which has progressed from conventional products like eyeglasses, sunglasses and other products such as contact lenses and eyewear accessories to integration of tech which would eventually give the customer experience similar a smartwatch.It has seen rapid progress in the past 5 years with revenue increasing from Rs 1440 cr in FY22 to Rs 5247 cr in FY26.Profits have also zoomed from Rs 5.5 cr to Rs 476 cr during the period.EPS stands at Rs 2.8 for FY 26 .In keeping with its strong show over a short period of time the stock has been enjoying high valuation.
RSWM-(172)-The company is one of the leading manufacturers and exporters of synthetic, cotton and blended spun yarns.It exports a wide range of fabric and yarn to over 70 countries across the globe.It has been facing challenges in the past 5 years .Despite maintaining topline ,the company slipped into red for a couple of years.Some operational improvement is seen in the March quarter and the bottomline has also been aided by a tax write back.Interest costs have also been high which has added to the pressure.Going by past performance investors will be betting on an upswing in the textile industry which could see the company ‘s prospects also improving.
NIFTY –The index was largely range bound and once again held on to support at 23200 .It managed to touch 23800 which is an encouraging sign going into monthly expiry.For the coming week 23200 will continue to act as support.
BANK NIFTY-The index saw support at 52800 and managed to close above 54000.A close above 54500 could see confidence returning as the index has been steadily losing ground.Lower levels of 52800 continues to be a critical support.
Are OMC s critically poised
This sector periodically witnesses sharp uptrends and downtrends largely driven by crude prices and the rupee movement against the dollar.The last 3 months has seen the companies bearing a negative impact on both fronts.While the Govt has been patient and allowed only a reasonable revision in prices of diesel and petrol,the US -Iran war has prolonged beyond expectations and an early resolution to the same will be a relief to both the Govt and the OMC s alike.The scrips have also corrected during the period .Any resolution to the war could see softening in prices of crude and that could result in a quick re rating in fortunes of these companies which are also investors favourites due to the hefty dividend and bonus on a regular basis .
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.