OMKARA CAPITAL – DAILY NEWSLETTER (1st July, 2026)
The IT Sector will again be hit today post KPIT warning & relaunch of Anthropic’s Fable 5 AI Model.
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Stocks To Watch
- KPIT Tech -ve news: QoQ Profit and Revenues expected to fall (co used to grow at quarterly growth rate of 4.5% to 5.5% in USD terms in “good days” & yearly growth hovered between 30% and 50% in best days of the co)
- Mumbai real estate +ve: Mumbai city registers highest first-half property registrations in over a decade
- 3 board meeting today for fund raise: Adani Ent, Zee & Netweb
- HUDCO Q1FY27 Business update – Positive: Loans sanction came at Rs. 65,485 Cr (+93%YoY, +156% QoQ). Loans Disbursements came at Rs. 16,377 Cr (+28%YoY, +66%QoQ) - wow
- SML Mahindra June 2026 Sales (below est): Sales came at 1930 vs YoY 1871 units (3%) and MoM 1767 units (9%)
Brokerages
• JM Financial on Viyash Scientific: initiates coverage with target price at Rs 338/sh
Earnings awaited still
The IT Sector will again be hit today post KPIT warning & relaunch of Anthropic’s Fable 5 AI Model. Motilal Oswal expects Infosys and HCL tech to lower top end of their organic annual guidance bands this quarter. If your portfolio was not exposed to the IT sector– you are a winner. And don’t try to bottom fish as we don’t understand the kind of disruption coming via various LLM models in the USA and China. There is growth visible in so many sectors – focus remains there only.
Block deals & fund raise is back. And this will get more stronger in the coming days. FIIs have turned buyers in the last 15 days of June month. Don’t get into FOMO feeling as many stocks will run which we don’t own. That’s fine. Invest in a stock which you understand only.
We are waiting for the earnings season & expect financials to lead. Export sectors like precision eng/ textile commentary on the demand will be very imp after the end of war and all 3 big FTAs done. We expect USA-India also to be done very soon.
On JANA SFB – we have shared a detailed analysis on why it is a technical regulatory markdown of the holding company, NOT an operational or financial failure of Jana Small Finance Bank itself. The fundamentals of Jana Small Finance Bank remain robust and entirely isolated from this holding company restructuring. We will be a buyer in panic for sure in Jana SFB.
Precision engineering, Financials, Pharma/ Chem/ Textile remains core focus sectors for Omkara.
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.
