WEEKLY TRENDSETTER ( FEB 6,2026)
| 2026 | JAN 23 | JAN 30 | Ch % |
| NIFTY | 25048 | 25320 | 1.09 |
| BANK NIFTY | 58473 | 59610 | 1.94 |
| USD/INR | 91.88 | 91.87 | -0.01 |
MARKET REVIEW-The highlight of the week was the unnerving volatility led by violent movement in gold and silver which hogged all the limelight towards close of week after witnessing sharp profit taking from heady levels. This also affected sentiments in equity markets. However, one interesting observation is that many beaten down mid cap and small caps are witnessing buying at lower levels.
BACK TO RESULT SEASON
Dec 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 Dec,24 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| Bhagyanagar Inds | 577(+46) | 13(+225) |
| Syrma SGS | 1151(+123) | 93(+220) |
| Mahindra Log | 1898(+19) | 6(-7) |
| Brigade Hotel | 120(+11) | 19(+171) |
Bhagyanagar Inds (176)-The company is a leading producer of copper bus bars, wires, rods, tubes, etc. and also solar products. While the performance for the last quarter has been good, it has also shown a steady trend of improvement over the past few quarters. This is primarily because of the industries it caters to like auto, power and solar industries which are all in a buoyant condition. Margins are however in lower single digit which is a matter of concern more so with copper prices going through the roof. The stock hit a life time high and with an EPS of Rs 4 for the quarter some interested buying is seen.
Syrma SGS (761)-The electronic manufacturing company has come out with an encouraging set of numbers which is in tune with the industries it caters to like auto, telecom, IT, healthcare, defence and railways. With a Rs 5 EPS for the quarter the company is on a strong growth path. It has seen a modest correction from levels of 900 but lower levels could attract buying.
Mahindra Logistic (361)-The company is slowly showing the performance for which potential was always there. The company is present in all spheres of logistics like contract, cross border, B2B express, last mile delivery, mobility solutions, etc. It has an asset light model where it generally does not own most of the trucks, delivery vans, or vehicles itself; instead, it works with a large network of business partners who provide vehicles, drivers, and warehouses needed for operations.Despite the improved performance the company still has a long way to go.With EPS still at miniscule levels coming quarters will be closely monitored to see if the company could engineer a strong growth path.Lower levels of around 300 -325 should ideally hold.
Brigade Hotel (61)-A recent IPO from the Brigade group has come out with encouraging working. The future largely hinges on the land bank available with the group which is of a huge advantage for the company. The Brigade group is estimated to have approx. 500 acres of land spread over Benguluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City, etc. At current levels with an EPS of 0.49 for the quarter the stock looks fully priced. However, future looks interesting.
NIFTY –The index has been hovering around the 200-dma for the last few days indicating a make-or-break scenario before the budget. A downward close below 24900 on volumes will trigger further downside to levels of 24500.Any upside could see momentum past levels of 25700-800. A volatile week is ahead of us.
BANK NIFTY-The index which was a strong pillar started showing cracks towards close as 59000 got breached on the downside. It is relatively better placed as the 200-day dma lies at 56610.For the week it strongly bounced back from levels of 58100.It looks better placed to show an upwards breakout past 60400.However before a big event one needs to be cautious as a breach on the downside below 58000 could result in a sharper fall.
Are prospects for small and mid -caps looking better?
Despite the selling witnessed last week, towards close buying was seen in small and mid-cap segments. Several stocks have lost 40-50 % in the past 12 months and there could be interesting picks available. Stocks from sectors like fertilizer and sugar could see buying front current levels. Dark horse sector could be IT where again valuation has become attractive.
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.