WEEKLY TRENDSETTER (JUNE 14,2025)
| 2025 | MAY 30 | JUNE 6 | Ch % |
| NIFTY | 24750 | 25003 | +1.02 |
| BANK NIFTY | 55749 | 56578 | +1.49 |
| USD/INR | 85.46 | 85.64 | +0.21 |
MARKET REVIEW-The market was largely rangebound for most part of the week waiting for some triggers. This was provided by a blockbuster RBI policy which boosted sentiments towards close of week and again raised hopes of the bulls who will be betting on the Nifty finally crossing 25100.Banking stocks are leading from the front with the private majors hitting life time highs. This auger well for both the indices.
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 |
| IPCA Labs | 2247(+10) | 66(+2100) |
| Manali Petro | 230(-10) | 11(+1000) |
| Nahar Poly | 157(+2) | 13(-2 cr) |
| Cosmo Film | 746(+16) | 27(+80) |
IPCA Lab-(1370)-The company is one of the largest suppliers of APIs worldwide with manufacturing leadership in 12 APIs globally. It has leading brands in pain, rheumatology, anti malarials and hair care. Over the years it has had a steady growth in revenue. However, profitability has not kept pace which probably is the reason the stock has been an underperformer in the last 4 years despite a buoyant equity market. The March quarter however has some encouraging signs. Margins have improved 200 bps which has boosted profitability. With an EPS of Rs 29 for FY24-25, the stock has a modest upside.
Manali Petro (58) -The company manufactures and supplies innovative polyurethane raw materials and blended systems for variety of industries such as appliances, automotive, furniture, footwear, paints, coatings, pharmaceuticals and food & fragrances. Due to the cyclical nature of the industry its performance has also seen huge volatility. The March quarter has seen a turnaround in fortunes which is also in line with the chemical industry. With an EPS of just over Rs 1.50 the stock looks to have bottomed out at around Rs 50.
Nahar Poly(357) – The company is a manufacturer of BOPP (Biaxially Oriented Polypropylene) films which provides an excellent moisture barrier to the packaged product. For the March quarter the company has staged a turnaround in performance. FY 25 has seen a steady trend in all quarters and with an EPS of Rs 18 for the year optimism has returned on the prospects of the company. At current levels to stock is well priced.
Cosmo First (1109) -A premier company in the manufacture of BOPP films, it has also invested in multiple growth projects like polyester lines, metalizers, coating lines, rigid packaging, etc. to the extent of nearly Rs 1200 cr in the last 3 years and the management expects these projects to contribute significantly in the coming years. After a sluggish phase for 3-4 years the stock has suddenly sprung into action which also is partly due to turnaround in the fortunes of the chemical industry. The company has posted EPS of Rs 10.5 for the March quarter. With an EPS of Rs 50 for FY25, the company’s profitability could see further improvement as a result of newer projects and reduction in debt in the coming quarters. At current levels the stock looks attractive.
NIFTY –The index was largely range bound and took support at 24500 repeatedly. The closing was on a bullish note with the index closing just above 25000.The market has been in a range for a month and now bulls would anticipate a breakout past 25100 in the coming week. Levels of 25200 would also critical and closing above that could provide the thrust for the index to go higher.
BANK NIFTY-The index touched a life time high of 56700 towards close of week and is now in the grip of a strong momentum. The coming week could see levels of 57300 -500 and support should ideally come around 56000.
STOCK PICKS
GSFC (209)-The stock is on a revival mode. It has made an engulfing bullish candle last week and looks poised for a good upside. Buying could be considered for a possible target of 225-30 in the coming days.
PFC (419)-The stock has been stuck in a band for several weeks. However, it now looks poised to break past 420 and head towards levels of 440. Buying could be considered at dips.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam