OMKARA CAPITAL – DAILY NEWSLETTER (16th June, 2026)

Greatness does not come out of intelligence; it comes from character. Character is not formed out of smart people: it is formed out of people who have suffered.

Suffering is part of the wealth-creation journey — and a very important part of building character.

Headlines
• Trump: Iran has agreed never to possess a nuclear weapon.
• Trump and Vance have both electronically signed the MoU with Iran.

Stocks To Watch
• Motilal on Indian Banks: Cleaned Up. Loaded Up. Ready to Run. Top Buys: ICICI Bank (+32%), HDFC Bank (+42%), SBI (+27%)
• Craftsman Automation launched a Rs 2,000-cr QIP at Rs 8,966.13/share (post fund-raise, we see a significant reduction in interest costs from Q2 onwards ; our revised PAT for FY27 and FY28e is Rs 544 cr and Rs 782 cr respectively, a PAT CAGR of 40% over FY26–28e)
• IIFL Finance: brokers to conduct roadshows in Singapore
• Northern Arc: Partners with Yes Bank to expand access to credit, scale digital lending, and provide debt investment opportunities for customers
• HCL Tech-To acquire 10.46% stake in Sarvam AI for Rs 1430cr

TIME FOR TSUNAMI OF STOCK IDEAS IN COMING DAYS

The next few days may give all of us a feeling of missed opportunities. Many stocks and narratives will move — some not part of our portfolios or recommendations — adding to the frustration. Trust me, this feeling is still far better than the uncertainty around war and other geopolitical risks. So let the markets move higher and let everyone make money — some days will belong to others, and some will belong to us. I will be in no hurry to sell or reshuffle after the pain and effort of holding some great businesses. Remember: there are decades where nothing happens, and there are weeks where decades happen in the stock markets.

Financials are clearly the big winners, and large institutions are lining up to find reasonably valued stocks across banks and NBFCs. We remain highly bullish on the NBFC names we have suggested (all in the data room as top ideas).

Pharma is another sector we are studying in greater depth. Some older ideas such as Shilpa Medicare, Aarti Pharma and FDC look compelling, and we will re-initiate coverage soon if warranted.

Textiles as a sector can make a comeback, and I already see many names making new highs — the US trade team will visit India on 23–24 June.

Manufacturing has done very well for us — it may be time for a breather, as not everyone is looking for cheap, turnaround bets.

There is a lot of interest in SMEs and small-caps, especially among ultra-HNIs and large investors. FORUM will help us uncover some of these opportunities for trade or investment. We are sharing new ideas continuously and, thanks to some great minds in the Omkara community, everyone is contributing and benefiting.

As I always say - never forget risk management and respect for valuations.

JAI SHRI SAI RAM JI

Warm regards,
Omkara Capital Private Limited, India
www.omkaracapital.in

Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.