WEEKLY TRENDSETTER (JUNE 28,2025)
| 2025 | JUNE 13 | JUNE 20 | Ch % |
| NIFTY | 24718 | 25112 | 1.59 |
| BANK NIFTY | 55527 | 56253 | 1.31 |
| USD/INR | 86.05 | 86.61 | 0.65 |
MARKET REVIEW-The market started on a firm note but the geopolitical tension between Iran and Israel was unnerving for bulls and bears alike and the global market also were in a nervous state. However, the last day saw a strong turnaround and short squeeze ensured a strong closing above 25100.
BACK TO RESULT SEASON
March quarter results are 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 March,24 quarter.
| Company | Revenue | Net profit |
| Avalon Tech | 202(+81) | 18(+350) |
| Jubilant Pharma | 1929(+9) | 151(-65) |
| Foods & Inns | 397(+15) | 123(+2360) |
| Visaka Inds | 426(+7) | 15(+1400) |
Avalon Tech (834)-A recently listed electronic manufacturing company, it has 14 manufacturing units across India and US. Revenue share is India (43%) and US (57%). A new export plant is operational in Chennai and a brownfield expansion project to cater to domestic demand is also in progress. It caters to several growing sectors like power, aerospace, medical, auto, railways, defence, etc. The March quarter saw robust growth in revenue and profits and EPS of Rs 3.67. At current valuations the scrip is steeply discounted.
Jubilant Pharma(1107) -The company is a well-diversified pharma company with revenue contributions from radio pharma(45%),CDMO(17%),CDMO(16%)allergy immunotherapy(10%)and generics(12%).Geographically revenue contribution from North America(80%),Europe (9%) dominates .For FY 25 it has posted EPS of Rs 30 (excluding exceptional income in the 1st quarter).Given its presence in critical sectors and strong export market the scrip looks attractive at current levels.
Foods & Inns (99)- It is recognized as one of the leading processors and exporters of processed fruit and vegetable products in India, and is one of the largest mango pulp processors in the country. The last 3 years has been a sluggish phase for the company with stagnant revenue and profits. However, the March quarter has seen a smart turnaround with both revenue and profits surging which will revive hopes of investors. Incidentally the company has also launched new brands in pulp, spices, frozen snacks, etc. The stock price has seen a sharp correction in the past couple of years by more than 50%. A couple of strong quarters should see revival in investor confidence. At current levels it’s a dark horse.
Visaka Inds (80) -The company has seen a dip in fortunes due to fall in demand for asbestos sheets. However, the company is re -inventing itself with launch of products in line with changing trends. It has launched V-Next boards which are eco-friendly, fire resistant fiber cement panels. Besides it has launched ATUM solar roofing which embeds solar cells in fiber cement boards and has seen encouraging signs. Raw material costs have been a drag for the company with asbestos fiber prices eating into margins. The March quarter has however seen revival in fortunes. Coming quarters will be critical to assess the future trend. However, the new launches look promising. At current levels the stock could be held on.
NIFTY –The index managed to close above 25000 for the week on the back of short covering. With month end expiry next week, the index could see support at around 24800-900 and a possible breakout past 25200. Ideal range should be 24800-25200.
BANK NIFTY-The index saw a strong revival towards close of week. Higher levels of 56600 could see profit taking. Support should ideally come at around 55600 levels.
STOCK PICKS
Graphite Inds (545)-The stock after touching 592 has retraced to close near support levels. Accumulation could be considered for a possible pull back past 600 in the coming weeks.
Bank Nifty strategy -The index touched a life time high of 57049 couple of weeks back before correcting to 55150.Uptrend could resume on the back of short covering in the coming week .Considering the recent volatility in the market one could buy 56500 call (July) at around 1050 .A corresponding sell of 56500 strike strike(June series)could be considered at around Rs 265 .Net cost comes to 785.Keep a stop loss of 480 and target of 1200-500 which could come in the next couple of weeks.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam