WEEKLY TRENDSETTER ( MAY 15 ,2026)
| 2026 | APRIL 30 | MAY 8 | Ch % |
| NIFTY | 23997 | 24176 | 0.75 |
| BANK NIFTY | 54863 | 55310 | 0.81 |
| USD/INR | 94.91 | 94.30 | -0.64 |
MARKET REVIEW-The last couple of months have been largely driven by geopolitical tension on the back of the US-Israel-Iran war. Crude prices have surged and unless the same recedes to levels below 80$, inflation could be a serious concern in the coming quarters. The markets saw recovery particularly in the small and mid-cap segments which had been beaten down in the last couple of years. Outlook still remains uncertain but these are also times when bargains are available in the market.
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 Mar,25 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| Mahindra Logistics | 1791(+14) | 22(-5) |
| Idea Forge | 141(+487) | 60(-21) |
| HFCL | 1824(+127) | 185(-82) |
| Fairchem Org | 117(-3) | 4(+300) |
Mahindra Logistics (397) – The company provides comprehensive solutions, including transportation, warehousing, supply chain consultancy, and in-plant logistics for industries like automotive, consumer goods, e-commerce, and pharmaceuticals. The company is showing signs of improvement over the last couple of quarters. EBIDTA margin still continues to be at 6-7% and this holds the key for the future. While potential remains, the company should be keenly watched for the coming quarters.
IDEA Forge (814)-The company is a vertically integrated with an in-house product development centre where it designs, develops, engineers and manufactures indigenous unmanned aerial vehicles (UAVs). It had the largest operational deployment of indigenous UAVs across India. The company has been in the limelight ever since its listing in June 2023. However, a string of losses eroded investor confidence. The March quarter s highlight is the sharp jump in revenue along with profitability. The stock raced past 800 from levels of 600 just before the results. With drones having wide applications other than for military purposes, the long-term potential remains bright. The EPS for the quarter stands at a whopping Rs 13.78. Clearly the company has showcased its potential.
HFCL (141) – The company has posted stellar results for the March quarter on the back of steep rise in optical cable prices world over on the back of AI demand. Revenue surge of 127% has seen the company post strong profitability as well. The stock has already risen 40% in the past few weeks. With an EPS of Rs 1.05 for the quarter, lower levels could seen investor demand.
Fairchem Organic (619) – The company is a manufacturer of Oleochemicals which is used in nutraceutical, personal care, and industrial segments. It has seen a steep fall in profitability in the past 2 years and now showing signs of revival. With an EPS of Rs 2.85 for the quarter. EBIDTA margins were at 6.87% as against 3.66%. The company has low debt and thus well placed to benefit from sustained recovery.
NIFTY –The index has largely been range bound. Though it made an encouraging start for the week largely on the back of a positive news on the political front, it fizzled out towards close of week.24500 looks a stiff hurdle as selling has emerged around those levels in the last couple of weeks. On the lower side 23800 remains a critical support level. The index is still far away from the 200-dma which stand at 25071.
BANK NIFTY-A relative outperformer the index has also seen selling pressure at higher levels. It did touch 200 dma of 57400 10 days back only to slip down to 55300.Any slip below 54500 could result in further weakness.
Is the speciality chemical poised for recovery?
The global specialty chemicals market is showing signs of revival after a sustained downtrend in the past 2-3 years. Forecasts suggesting a CAGR of roughly 4.9% from 2026 to 2034, with the Asia-Pacific region leading in production and market share.
The Indian specialty chemicals sector, in particular, is positioned for a strong comeback after a period of consolidation, with companies that have expanded capacity likely to see strong growth.
The key sectors to watch out are agrochemicals and pharmaceuticals Chemicals, fluorochemicals where Indian companies have a strong presence.
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.