Sammaan Capital Rallies Despite Q4 Net Loss as NPAs Turn Zero; AMD in Focus on $10 Billion Taiwan AI Investment Plan - Paper by Pocketful

May 21, 2026

Apollo Hospitals (+2.85%): Stock surged to hit a 52-week high after strong Q4FY26 results, with net profit rising 35.6% YoY to ₹529 crore and revenue up 18.1% YoY to ₹6,606 crore. Investor sentiment was further supported by the announcement of a final dividend of ₹10 per share and key strategic business developments.
Sammaan Capital (+8.79%): Stock rallied sharply after the company reduced Gross and Net NPAs to zero through balance sheet clean-up. In Q4FY26, net loss widened to ₹8,101 crore, while net interest income (NII) declined 92% YoY to ₹84 crore. Positive sentiment was driven by improved balance sheet quality, rating upgrades, and growth guidance.
IRB Infrastructure (+8.09%): Stock surged after Q4FY26 results and dividend announcement. Net profit rose 38% YoY to ₹296 crore, while total income declined 11% YoY to ₹1,977 crore. Investor sentiment was supported by strong growth outlook and a dividend of ₹0.05 per share.
Rail Vikas Nigam (+0.43%): Stock traded in positive territory after the company emerged as the lowest bidder for an East Coast Railway project worth ₹164.18 crore, supporting sentiment with fresh order inflow.

India Defence | Nifty India Defence (+1.43%): Index surged to emerge as one of the top-performing sectors, led by Bharat Electronics, MTAR Technologies, and HAL. Sentiment stayed strong on buying interest driven by healthy order books, strong earnings visibility, and optimism around continued defence spending.
Realty | Nifty Realty (+1.05%): Index extended gains for the third consecutive session, rising 3.08% over the period with 7 gainers and 3 losers. Sentiment remained positive amid sustained buying interest, easing bond yields, and optimism around improving demand and housing market outlook.
IT | Nifty IT (-0.56%): Index declined after a four-session rally, losses in Infosys, Tech Mahindra, and Coforge. Sentiment turned cautious amid profit booking and weakness in select large-cap IT stocks.
FMCG | Nifty FMCG (-0.51%): Index remained under pressure for the fourth consecutive session, with 3 gainers and 12 losers. Sentiment stayed weak amid continued selling interest and profit booking across FMCG counters.

Technical Level: Nifty opened with a gap-up opening and faced resistance near 23,860 in the early session. The index then witnessed selling pressure, forming lower highs and lower lows, and gradually moved lower to find support around 23,600. It traded near these levels for the rest of the session and closed on a weaker note.
Advance-Decline Ratio: Market breadth remained positive with 1,908 stocks advancing against 1,373 declining, indicating broader buying interest despite selective profit booking across sectors.
The Big Picture: AMD remained in focus after announcing an investment of over $10 billion in Taiwan’s semiconductor and AI ecosystem to strengthen advanced chip production and AI capabilities. Sentiment was supported by strategic partnerships and expansion plans for next-generation AI infrastructure and Helios AI server deployment.
FII/DII Activity (May 20, 2026): DIIs remained net buyers, with 1,968 buy orders against 1,597 sell orders, reflecting sustained domestic support and positive market participation.

IPO Corner: Vegorama Punjabi Angithi SME IPO and Harikanta Overseas SME IPO are set to close for subscription tomorrow, giving investors the final opportunity to apply.
Macro: Japan Inflation Rate YoY (Apr) & UK Retail Sales MoM (Apr) data releasing tomorrow.
Index Watch: Nifty opened on a positive note but witnessed selling pressure in the early session and gradually moved lower to close in negative territory. The index has been consolidating over the past one week, indicating a potential breakout on either side. Going ahead, immediate support is placed near 23,400, while resistance is seen around 23,900.

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