VB Desk

Thursday, 21 May 2026

21st May 2026, Thursday

Headlines

Sansera Q4 PAT at Rs 123 cr vs Rs 59 cr - strong earnings beat
Iran-US draft agreement efforts underway, Al Arabiya sources say
Crude oil down nearly 6%; US markets surged overnight

MARKET COMMENTARY: GOOD NEWS SOON?

While we wait for some good news to come from USA and Iran, which looks like it is coming soon. Crude was down almost 6% and USA markets surged last night.

SpaceX filed for IPO asking for USD 1.75 trillion valuation at 95x TTM sales. Q1 revenue hits .69B with .28B net loss. Musk says addressable TAM for SpaceX is .5 trillion - over 90% from AI, not from Space.

INDIA MACRO

India trade deficit narrowed to .2B in April 2026, helped by strong services exports and a moderation in the oil import bill. FII flows have been positive for 15 consecutive sessions - a sign of increasing conviction in India growth story relative to global peers.

Omkara Capital: Clients Meet - 17 May 2026

OMKARA CAPITAL – DAILY NEWSLETTER (26th May 2026)

Headlines • FM Sitharaman says govt open to hear investor concerns on LTCG, STCG taxation • US Secretary of State Marco Rubio says – trade deal with India may be done in weeks, not months (keep textile of radar for sure) Stocks in news • Solar projects must use Indian-made cells from June 2026.

OMKARA CAPITAL – DAILY NEWSLETTER (22nd May 2026)

Headlines: •⁠ ⁠US-Iran deal rumours again in the night, but no final news after the news •⁠ ⁠Nomura on Sansera: Raise target price to Rs 3,114 from Rs 2,342 •⁠ ⁠On radar: Shilpa Medicare, Gokaldas earnings today. Belrise on Sunday. Sudarshan Chem, Aarti Pharma on Monday. •⁠ ⁠Happy Forging concall at 1030

OMKARA CAPITAL – DAILY NEWSLETTER (21st May 2026)

Headlines •⁠ ⁠Sansera Q4 PAT at Rs 123 cr vs 59 cr – BLASTTTTTTTTTTTT Serious efforts are underway to finalize a draft agreement between Iran and the US, Al Arabiya sources say MARKET COMMENTARY: GOOD NEWS SOON? While we wait for some good news to come from USA & Iran, and which