Paytm Rallies on Strong Q4, First-Ever Full-Year Profitability; Nifty Defence Shines – Paper by Pocketful

May 07, 2026

Polycab India (+6.98%): Stock gained after strong Q4, results and ₹47/share dividend announcement; net profit rose 7% YoY to ₹785.6 crore, while revenue jumped 26% YoY to ₹8,864 crore driven by robust growth in wires & cables business.
Craftsman Automation (+10.00%): Stock surged to a 52-week high after strong Q4FY26 results; revenue jumped 27.3% YoY to ₹2,226 crore, EBITDA rose 47.2% YoY with margin expansion to 16.1%, while net profit climbed 74.4% YoY to ₹116.4 crore.
Paytm (+5.70%): Stock rallied after strong Q4FY26 results and first-ever full-year profitability; company reported ₹184 crore net profit against ₹540 crore loss last year, while contribution margin improved to 55% driven by strong growth in UPI, lending and better operating efficiencies.
Bharat Forge (+6.36%): Stock hit a 52-week high after strong Q4FY26 results; revenue rose 17.5% YoY to ₹4,528 crore, while EBITDA grew 14.2% YoY with margin improving to 17.8%. Strong defence order wins and upbeat FY27 growth outlook further supported sentiment.

India Defence | Nifty India Defence (+3.04%): Index gained with all constituents trading in green amid strong buying interest, robust order inflows and positive sector outlook. The index has surged 20% YTD, significantly outperforming the NIFTY50.
Auto | Nifty Auto (+1.93%): Index rallied for the three straight session with 14 Gainers & 1 Losers after the automobile industry reported a steady start to FY27.

Consumer Durables | Nifty Consumer Durables (-0.85%): Index declined on profit booking in consumer-focused stocks. Losses were led by Titan Company, Dixon Technologies & Blue Star.
IT | Nifty IT (-0.77%): IT index declined amid weak global tech sentiment and profit booking in heavyweight stocks. Losses were led by TCS, Infosys & Tech Mahindra.

Technical Level: Nifty opened flat and traded in a range throughout the day with mixed market sentiment. The index remained volatile in between but managed to hold support near 24,280, while resistance was seen around 24,480.
Advance-Decline Ratio: Market breadth remained strongly positive with 2285 advances against 997 declines, reflecting broad-based buying interest across the market.
The Big Picture: Precious metals may regain momentum as easing geopolitical tensions between the U.S. and Iran lift pressure from gold and silver prices. Analysts believe the recent correction was a consolidation phase, with expectations of fresh record highs ahead if the peace deal materialises. Gold traded near $4,750 per ounce, while silver surged close to $79.62 amid renewed buying interest.
FII/DII Activity (May 06, 2026): Institutional activity remained mixed as DIIs bought ₹6,837 crore worth of equities, while FIIs turned sellers and offloaded ₹5,835 crore in the market.

IPO Corner: Simca Advertising SME IPO is opening tomorrow, last day to invest.
Macro: USA & Canada Unemployment Rate (Apr) data tomorrow for economic and rate-cut signals.
Index Watch: Nifty opened on a flat note and traded range-bound throughout the session, led by strong buying in defence stocks. The index closed above the previous day’s levels amid reports of a possible U.S.-Iran peace deal, though no official confirmation emerged yet. Next support is placed at 24170, while resistance is seen near 24580.

Broad-Based Rally : A market rise where most sectors and stocks participate in the upward movement.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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