Whalesbook
Arey yaar, aaj Indian equity markets ne pakda race track! Nifty 24,250 ke upar aur Sensex bhi upar. Market mein alag alag sectors ki alag alag kahani rahi. FMCG, automobile, aur cigarette stocks toh jaise rockets ban gaye, par IT sector mein thodi thandak rahi. Yeh dikhata hai ki abhi market un companies ko zyada pasand kar raha hai jinke paas growth ke clear reasons hain.
Sabse pehle baat karte hain cigarette stocks ki, yeh bhage hain VST Industries ke Q4 FY26 results ke baad. Bhai sahab, VST ne profit double kar diya ₹53 crore se seedha ₹116.7 crore par! Revenue bhi 30.9% badh kar ₹457 crore ho gaya. Yeh dekh kar toh ITC bhi 1.5% upar bhaga, aur Godfrey Phillips bhi 4% pakad liya. ITC ka dividend yield bhi 4.7-4.8% ke aas paas hai, jo market volatility mein achha lagta hai.
Nifty FMCG index toh 3% tak chadha! Hindustan Unilever, Colgate-Palmolive, Dabur India jaise bade naam 3% se 6% tak badhe. Sabko umeed hai ki next quarter mein volume growth achhi rahegi, kyunki inflation kam ho raha hai. Lekin haan, raw material costs jaise edible oils aur monsoon ki chinta abhi bhi margins aur rural demand par asar daal sakti hai.
Defense sector bhi peeche nahi raha. Bharat Electronics (BEL) ko ₹2,500 crore ka order mila hai electronic warfare systems ke liye, jiske baad stock 1.3% badha. BEL ka order backlog toh ₹75,000 crore ke aas paas hai, jo next 3 saal ki revenue guarantee hai. Rail Vikas Nigam (RVNL) bhi 5.35% upar gaya ek EPC order mein lowest bidder banne ke baad. Waaree Renewable Technologies toh 13% bhaga, Q4 FY26 mein revenue lagbhag double ho gaya. Par yahan bhi margins thoda pressure mein hain, 18.76% ho gaye hain 26.51% se.
Ab aate hain IT sector par. Wipro ke shares 2.75% gire, woh bhi buyback announcement ke baad! Q4 FY26 mein profit 1.9% gir kar ₹3,501.8 crore raha aur revenue flat rahi. Doosri taraf TCS ne toh 12% profit growth dikhaya. IT sector mein overall revenue growth slow hai (top companies ke liye 1.8%), rupee ki reliance hai, aur AI ka impact kya hoga uski bhi chinta hai. Wipro ne aage ke liye jo guidance di hai, usmein revenue flat ya kam rehne ki possibility hai.
Kuch companies ke liye future mein challenges hain. Jaise Wipro ke liye analysts 'Sell' rating de rahe hain, aur management mein changes bhi ho gaye hain. Waaree Renewable Technologies ka valuation thoda high lag raha hai, P/BV 16.89x hai jabki peers ka average 1.6x hai. HDFC Life Insurance bhi last 6 mahine mein 17% gir chuka hai aur technical charts par bhi kamzor dikh raha hai. Asian Paints ko bhi nayi competition aur raw material prices se nipatna padega.
Toh overall, market mein sectors alag alag chal rahe hain. IT sector cautious hai, FMCG mein demand achhi lag rahi hai, aur Defense sector ko government ka support mil raha hai. Waaree ko margins sambhalne honge aur Wipro ko apni growth stability aur internal changes par focus karna hoga.