Aries Agro inaugurated relocated Unnano manufacturing unit with 1,01,400 MT capacity. It has reserves of Rs.299.16 cr. against equity of Rs.13 cr. FY26 PAT stood at Rs.38.37 cr. and dividend increased to 25% from 12%. Working capital cycle improved sharply from 89 days to 64 days. Stock looks attractive at Rs.330 against 52-week high of Rs.460.
POCL Enterprises posted FY26 PAT of Rs.41.48 cr. and declared 40% dividend. It has reserves of Rs.188.39 cr. against equity of Rs.6 cr. Lead refining capacity expanded from 21,000 MTPA to 37,500 MTPA, strengthening growth outlook. Stock looks attractive at Rs.175 against all-time high of Rs.290.
It’s all a sham! Rajesh Exports’ revenue figures for the past five years were allegedly fraudulent. The company reportedly showed nearly Rs.15.5 lakh cr. of fictitious revenue over five years, while claims regarding ownership of a gold mine in Africa also turned out to be false. Serious questions are now being raised on the role of auditors and the credibility of balance sheets. Rajesh Exports share price crashed to nearly Rs.100 from around Rs.1000.
LIC Investments: LIC was an investor in Satyam, DHFL, IL&FS, Vakrangee, Yes Bank, Sintex Industries, Jaypee Infratech, Amtek Auto and Alok Industries. LIC also had exposure to Reliance Capital and Reliance Home Finance. Currently, LIC remains invested in Rajesh Exports. As per market grapevine, LIC and several mutual funds are repeating mistakes often seen among retail investors. Many investors now believe retail participants are taking more practical decisions than large institutional fund managers and their research teams.
“Bank FD sahi hai, post office sahi hai, gold sahi hai, Indian equities worst hai” reflects rising frustration among retail investors amid weak market performance. Investors are increasingly comparing 1-year, 2-year and 3-year mutual fund returns amid continued volatility in Indian equities despite global markets remaining relatively resilient.
After raising LTCG from nil to 12.5%, STCG from 15% to 20%, STT from 0.01% to 0.05%, removing indexation benefits on debt funds and taxing them at slab rates, and imposing 12.5% tax on SGBs in the secondary market, investors believe several policy blunders have hurt sentiment. Rupee depreciation and lack of concern over FII exits have further weakened confidence. As per market grapevine, Government should reduce STT & long-term capital gains tax to attract FFIs, FPIs & NRIs.
Negative for bulls: FPI cumulative net investment in Indian equities slipped to Rs.7.3 trillion as of June 1, the lowest since 2016, reflecting weak foreign investor interest in India’s Rs.4.8 trillion stock market. India has slipped to 7th globally, with Taiwan & South Korea overtaking it. Government should reduce STT & long-term capital gains tax to attract FFIs, FPIs & NRIs as per market grapevine.
Repono reported FY26 total income of Rs.66.45 cr. with an EBITDA margin of 16.78% and a NP margin of 9.90%. Its H2FY26 total income stood at Rs.35.73 cr., with an EBITDA margin of 15.87% and a PAT margin of 9.88%.
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