WEEKLY TRENDSETTER ( AUGUST 7 ,2026)
| 2026 | JULY 24 | JULY 31 | Ch % |
| NIFTY | 23767 | 24383 | 2.59 |
| BANK NIFTY | 56693 | 57265 | 1.01 |
| USD/INR | 96.68 | 95.50 | -1.22 |
MARKET REVIEW-The week started with a flourish and the momentum continued till the end of week. The midcaps and small caps were much sought after some decent results particularly from the chemical sector which seems to be getting out of a downtrend. The geopolitical issue is still difficult to predict. However, one interesting event which will probably attract the FII s towards India is the high volatility in the Korean and Japanese markets which were largely AI led. Indices fluctuated wildly in these markets which is difficult to digest.
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 |
| Gandhar Refinery | 1732(91) | 206(+692) |
| Century Enka | 554(+37) | 61(+306) |
| TruAlt Bioenergy | 627(+106) | 59(+1080) |
| Ador Welding | 309(+22) | 28(-4) |
Gandhar Refinery (223) –A recently listed company in 2024 which touched 320 on listing but steadily lost ground to touch 216 before a fast rally to 303 only to slip to 226 post results which on the face looks decent. The company is actually into manufacture of white oils that caters to the consumer and healthcare industries. Infact, it caters to 100 countries across the globe. It also has a plant in Sharjah besides domestic plants in Taloja and Silvassa. It posted an EPS of Rs 13.8 for FY26. Margins are slender at 5-6% which probably is the reason for its low discounting. However, the June quarter has seen a jump in margins which has resulted in an EPS of Rs 19.65 for the quarter. A sharp jump in revenue has also helped profits to swell. Considering an impressive profile and promoter holding of 66%, the company should be on the radar and a follow up of such performance could result in rerating.
Century Enka (610) -A producer of nylon filament yarn and nylon cord fabrics the company has been in the background for more than 3 decades. While revenue has been witnessing a negative growth, profitability has been better. The June quarter is actually a sequentially improved performance over the last few quarters. With an EPS of Rs 28 for the quarter and low discounting, the stock could see buying at lower levels.
TruAlt Bioenergy (423)-The company has the largest installed capacity for production of ethanol in India of 2000 kl per day and a market share of 3.6% in India. Through its subsidiary Leafniti, it is one of the first producers of CBG (compressed bio gas). The company came out with an IPO at an aggressive price of Rs 496.However the stock could not maintain sustain above the issue price post listing and sank to 310 before some recovery. With an EPS of Rs 6.7 for the quarter the stock looks promising going by the company’s profile. Interest costs are high with coverage around 3 times which can become challenging if margins fall. With ethanol very much the priority of the Govt with the crude price surge in the last 6 months, the company should be in the limelight in the coming years.
Ador Welding (1445) –The company is one of the leading welding companies in India, manufacturing high-quality welding equipment, consumables, and welding automation solutions. Recently it partnered with Liburdi Dimetrics to offer advanced orbital welding and automated welding solutions for critical industrial applications in India.
The company has posted robust set of numbers which translates into EPS of Rs 15.8 for the quarter. In the last 5 years while topline has more than doubled, bottomline has not increased in the expected manner and scope remains for margin expansion.
NIFTY –The index managed to clear the 24000 level and also closed above 24300 which is an encouraging sign. The next level to be conquered is the July high of 24530 followed by the more formidable 24780 which is 200-dma. Lower levels of 24100 should ideally get support.
BANK NIFTY-The index could not maintain the promise it showed till last week. It is again back to the 200-dma level and largely depends on the heavyweights HDFC Bank and ICICI Bank. Both the stocks are on divergent trends with HDFC Bank showing signs of weakness.
Recycling theme here to stay? (Contd)
When the metal sector becomes bullish it is the time for recyclers to enter the fray and use the used metal for recycling. Some companies like Gravita, Nile and Pondy Oxide were featured last week.
Eco Recycling is an interesting company which is a leader in e-waste management which involves recycling of e-waste, lamp recycling and even data destruction, Information Technology Asset Destruction (ITAD).
The recent one which got listed last month was CMR Green Tech which produces aluminium and zinc die casting alloys from recycled metal and has clients like Maruti, Hero Motor, Bajaj Auto, etc and has been in existence since 2006.
Jain Resource recycling is India’s fastest non -ferrous metal recycling company and has shown impressive growth over the last 5 years. With a 73% promoter holding and DII’s and FII’s also holding 10%, the company’s prospects look bright.
Thus, this sector offers several listed companies whose prospects look bright
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.