WEEKLY TRENDSETTER ( FEB 20,2026)
| 2026 | FEB 6 | FEB 13 | Ch % |
| NIFTY | 25704 | 25471 | -0.91 |
| BANK NIFTY | 60120 | 60186 | 0.11 |
| USD/INR | 90.6 | 90.64 | 0.04 |
MARKET REVIEW-The week began on a cheerful note. However, the last 2 days of the week saw selling pressure with FII s going back to selling mode. The index finally closed at the low point and 25300 which is the 200-dma once again comes under threat.IT was in a panic mode with AI related fears spooked sentiments and even frontline stocks saw sharp selling pressure. Some commentary from these companies on the way forward will be keenly awaited by the market.
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 |
| Borosil Renewable | 390(+8) | 100(-30) |
| Fedbank Fin | 555(+4) | 88(+363) |
| Aarti Surfuctant | 208(+27) | 4(+300) |
| GNG Electronics | 227(53) | 10(+233) |
Borosil Renewable (494) -The company manufactures solar glass products. The solar glass portfolio includes glass for applications like utility-scale solar projects, rooftop solar plants, Greenhouse, BIPV, Thermal, glass for large-sized modules, glass with various coatings. However, the company has been going through an erratic period going by the performance in the past 2-3 years. Things seem to have stabilized in the last 2 quarters. However, with competition intensifying it remains to be seen if it is able to maintain its 25% EBIDTA margin in the coming quarters. At current levels the stock looks well priced.
Fed Bank Financial (142) – A robust set of numbers for the NBFC continues its robust performance over the last several quarters. It primarily concentrates on mortgage and gold loans though also focussing on SMEs and small ticket loans. The NBFC looks heading to post EPS of Rs 8-9 for the financial year. The stock has seen correction over the past few weeks. However, its steady growth should attract attention at lower levels.
Aarti Surfactants (427)-The company produces ionic and non-ionic surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas. It caters to the entire FMCG sector like baby care, home care, oral care and home care besides industrial applications. The sluggish speciality chemical market has taken toll of its margins which is in 5-7% range. However, the company is not leveraged and any uptick in demand should ensure a strong revival. The stock has seen a very sharp correction from levels of 1800 to 427 in the last 4 years.
GNG Electronics(336) -The company operating under the brand “Electronics Bazaar,” is India’s largest refurbisher of laptops, desktops, and IT equipment .The nature of business offers marginal profit and is volume driven. The company got listed 6 months back and the stock has corrected from levels of 400 .With an EPS of Rs 2.50 for the 9-month period the stock looks well priced .
NIFTY –The index failed to sustain levels of 26000 and saw sharp selling pressure and finally closed on a weak note below 25400.The gap created on charts post the US trade deal is now very close to getting filled.
BANK NIFTY-The index is a relative out-performer and has closed above 60000 for the week. Any upside should see resistance at around 61200 and levels of around 59500 should act as a support.
Are IT stocks heading for further fall?
In the last 30 years of IT presence in India seldom have we seen such sharp sell off barring of course the IT meltdown popularly known as dotcom bubble in 2000-2001.The industry is going through a structural change with the latest entry of AI which probably will affect few segments of the IT industry. However, the efficient ones will re-invent themselves and prosper in a different avatar. It’s likely that with so much noise around the industry the IT majors will make some announcements which will update the investors as to the way forward. The next 6 months will be critical.
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.