OMKARA CAPITAL – DAILY NEWSLETTER (30th June, 2026)
The next big trigger for individual stocks will be quarterly earnings.
Headlines
• U.S., Iran pause hostilities
• Trump says U.S. and Iran to hold fresh talks in Qatar today
• India IIP growth rose to 5.1% YoY in May (April: 4.9%), led by a pickup in electricity to 9.9% (April: 4.6%)
Stocks To Watch
- HDFC Bank : Board appoints ex-FinSec/ex-CEC Rajiv Kumar as part-time chairman for 3 yrs, subject to RBI approval
- Axis Bk: CFO Puneet Sharma resigns effective Aug 31; no successor announced
- Bandhan Bk: CFO/KMP Rajeev Mantri resigns; last day Sept 25, no successor announced
- Vedanta stocks come out of T2T today
- Auto Stocks will be focus ahead of monthly sales data
Brokerages
• Nuvama initiate coverage on RBL: TP at 470/sh
• Investec on Vedanta Aluminum: Initiate Buy - TP Rs 630 - (7x FY28 EV/EBITDA)
• Jefferies on Maruti: Upgrade to Buy, TP Raised to Rs 16500 from Rs13800 earlier
• Nomura on Bharti Airtel: Buy, TP raised to Rs 2355
Earnings awaited
The next big trigger for individual stocks will be quarterly earnings. Also, monthly auto sales data which is expected to be strong + pre-quarter updates and most imp will be earnings and commentary.
You all by now our markets focus and positioning. We are holding our core bets strongly, via searching for new ones in all categories. Have shared fresh 3 ideas in the data room & lots of discussion keep on happening on the forum daily.
Nuvama has written a 210-pager report on financials covering 20-30 stocks. I say again at the risk of sounding repetitive – have a basket approach in financials. Biggest delta will be created in most-hated stocks, under-owned and where surprise earnings will come. MFIs will surprise here. Today is last day for Samman capital to be in F&O – keep an eye on this one as well. SFBs – we have shared a new stock idea yesterday to you all. Plz check data room for detailed report.
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.
