WEEKLY TRENDSETTER (MAY 9,2025)
| 2025 | APRIL 25 | MAY 2 | Ch % |
| NIFTY | 24039 | 24347 | +1.28 |
| BANK NIFTY | 54664 | 55115 | +0.83 |
| USD/INR | 85.40 | 84.26 | -1.33 |
MARKET REVIEW-The market was inclined to move up but the recent geopolitical tension deterred traders from carrying trades on either side. This also resulted in lot of volatility which looks likely to continue in the coming week as well. The highlight of the week was the sharp resurgence in the rupee s have made a strong comeback in the last few weeks which is a welcome sign.
BACK TO RESULT SEASON
March 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 March,24 quarter.
| Company | Revenue | Net profit |
| Aether Inds | 215(+86) | 43(+4200) |
| Mahindra EPC | 96(+35) | 6(+200) |
| India Mart Inter | 355(+12) | 192(+72) |
| RR Kabel | 2218(+26) | 128(+64) |
Aether Inds (824)-The company is into speciality chemicals covering several industries like pharma, agro, material science, etc. It derives its revenue from contract manufacturing& research (48%) and large-scale manufacturing (51%). Exports constitute 44% of the revenue. Margins have been rising on a steady clip from around 22% in FY18 to 31% in FY25.Its IPO in 2022 was at a premium of Rs 642. Since then, the share has seen profit taking at higher levels. At the current levels also, the scrip looks well priced though prospects are bright.
Mahindra EPC (142) –The company is into drip irrigation and after a long period of flat to negative results, it has posted decent working for the last 2 quarters which has also resulted in the stock now trading at a higher band. With water likely to go into premium in the coming years the true potential of this business will be realized in the coming years. With a strong promoter in place the company’s prospects look bright.
India Mart Inter (2257) -IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. The company has been growing at a steady pace in the past few years. For the March quarter it has posted an EPS of Rs 30 and Rs 90 for FY25.The business model is ideally suited for a growing digital age. The stock looks attractively priced at current levels. Interestingly it has been in a band of 2000-3000 in the past 3 years and largely underperformed the market.
RR Kabel (1023)-The leading wire and cable manufacturer has been growing at a scorching pace in the past 5 years. It came with an IPO in 2023 at a price of 1035. However, after a flying start the stock reacted sharply due to some excise evasion case which put a cloud on the company. The stock is back to Rs 1000 level. Some concerns were also raised with the planned entry of Adani and Birla’s into the business of wires and cables. However, with an established brand, the company should ideally be able to navigate such competition. While clarity on the excise case is still not available the stock has been under pressure though valuations look attractive.
NIFTY –The index was steady and dips below 24300 saw buying emerging and the coming week could see it approaching 25000.On the lower side 24500 should ideally hold.
BANK NIFTY-The index was unable to maintain the momentum after touching all-time high. The weekend will see results of Kotak Bank and SBI getting announced which could provide fresh trigger for the index. The range for the week should be 54400-55800.
STOCK PICKS
Bharti Airtel (1852)-The stock has been on a steady uptrend and in the grip of a strong bull run. It has now been consistently trading above 1800 and touching new highs. Investors with long term horizon can accumulate at dips for a possible target of 2500 in the long term.
Bharti Hexacom (1701)-The stock has been accumulated at every decline in the past few months and now trading at a life time high. While 1500 is a good long-term support, buying could be considered for a possible target of 2500 in the long run.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam