Debt free Metroglobal posted 134% higher FY26 PAT at Rs.22.09 cr. Dividend increased to 25%. PE is just 10 while stock trades at 0.4x book value. Stock looks undervalued at Rs.130 v/s book value of Rs.331.

18 months ago, India’s market cap was 3.5 times South Korea and 2 times Taiwan. Now India’s market cap has fallen below both South Korea and Taiwan. For the first time in 26 years, India Inc moved out of MSCI EM top 10.

Big IT fall impact: Mutual funds lost Rs.4 lakh cr. in IT sector in 2026 so far. As per market grapevine, Indian fund managers failed to understand AI’s negative impact on Indian IT stocks.

Big negative: May mutual fund data showed net equity inflow at Rs.22,897 cr. v/s Rs.38,426 cr. MoM. Inflows may decline further, SIP cancellations may rise and redemption pressure may increase in coming months if Government does not reduce STT and LTCG.

As per market veteran, war uncertainty makes short-term market prediction difficult. Indian markets have not participated meaningfully in the AI-led rally & sentiment towards India remains weak. Significant short positions are seen in IT stocks. Immediate reduction in STT & LCGT is essential to attract FFI inflows. Outlook for pharma, healthcare & textiles looks positive, while metals & IT remain under pressure. Monsoon progress, Q1 results & crude prices will decide the short-term market trend.

Friday night closing: Dow +353 pts., Nasdaq +79 pts., S&P +37 pts. & Gift Nifty -75 pts. at 23620 signal a flat opening on Monday, subject to weekend developments. Positive weekend news may trigger a gap-up opening. Back in January, silver was up 64% & gold 25% on the year, but now both have turned negative. Every hype, euphoria & greed cycle ends badly.

 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.