Credible Capital (SEBI RA - INH000016393)

Shared the NIFTY Smallcap 250 / NIFTY ratio chart on 12th March. Back then, fear was high and almost every rally was getting sold. But the ratio chart said otherwise. Fast forward to today: ✅ #Midcap and #smallcap indices are making fresh all-time highs. Most of the time, #relativestrength leads. Price follows. Now the focus shifts to whether this broad participation can sustain.

Jayant Agro (#JayAgroGn ) NHPC (#NHPC ) Mayur Uniquoters (#MayurUniq) BSE (#BSE) SIS (#SIS) Galaxy Surfactants (#GalaxySurf) Uniparts India (#Uniparts) Premier Energies (#PremierEne) PWL (#PWL ) Good/Decent Set – Gujarat Pipavav Port (#Gppl) Diffusion Engineers (#DiffNkg) Vidya Wires (#VidyaWires) Torrent Power (#TorntPower) Jash Engineering (#Jash) Krishival Foods (#Krishival) Omnitech Engineering (#OMNI ) Orkla India (#OrklaIndia) Vikram Thermo (#VikramTh) IMFA (#Imfa) Mold-Tek Technologies (#MoldTech) Varroc Engineering (#Varroc) Meghmani Organics (#MOL ) C.E. Info Systems (#MapMyIndia) Aptech (#Aptecht ) OAL (#OAL ) Exide Industries (#ExideInd) Ramco Industries (#RamcoInd) Simmonds Marshall (#Simmonds) Dr. Lal PathLabs (#LalPathLab) Hindustan Media Ventures (#Hmvl) SJS Enterprises (#SJS) Mrs. Bectors Food (#BectorFood) Transrail Lighting (#TransrailL ) Ellenbarrie Industrial Gases (#Ellen) PDS (#PDSL) eMudhra (#Emudhra) Tenneco Clean Air (#TennInd ) Augmont Enterprises (#Augmont ) Revathi Equipment (#Rvth ) Hy-Tech Engineers (#HTEL ) NRB Bearings (#NrbBearing) KIMS (#Kims) GR Infraprojects (#GrInfra) Gujarat Kidney (#GKSL ) TCC Concept (#TCC) Vindhya Telelinks (#VindhyaTel) Manika Plastech (#Manika) Turnaround – Hindustan Organic Chemicals (#HOCL) Atlantaa (#Atlantaa)

#Q2FY27 Mainboard #results on 4th Nov - Blockbuster Set – Shivalik Bimetal (#SBCL) Ashiana Housing (#Ashiana ) FSN E-Commerce (#Nykaa ) Alembic Pharmaceuticals (#APLLTD) Indo Count Industries (#ICIL) Sangam India (#SangamInd ) Vintage Coffee (#VinCofe ) Entero Healthcare (#Entero ) KSH International (#KSHIntl ) Shipping Corporation of India (#SCI) Marine Electricals (#Marine ) Sanathan Textiles (#Sanathan ) Shukra Pharmaceuticals (#ShukraPhar ) Solid Set – Redington (#Redington) Centum Electronics (#Centum) Somany Ceramics (#SomanyCera) Apollo Hospitals (#ApolloHosp) Steel Exchange India (#SteelXInd ) Bansal Roofing (#BRPL ) Balrampur Chini (#BalramChin) CP Capital (#CPCap ) HUDCO (#Hudco) Pricol (#PricolLtd ) Lenskart (#Lenskart) Rolex Rings (#RolexRings) Garuda Construction (#Garuda) Arman Financial Services (#ArmanFin) Marksans Pharma (#Marksans) SMS Pharmaceuticals (#SmsPharma) Allcargo Terminals (#Atl) Century Plyboards (#CenturyPly) Panama Petrochem (#PanamaPet) Saregama (#Saregama) Clean Max Enviro (#CleanMax) Shree Vasu Logistics (#SVLL ) Lohia Corp (#LCL ) Shringar House (#ShringarMS ) Websol Energy (#WebsolSolar ) Hariom Pipe (#HariomPipe) Lumino Industries (#Lumino ) Aurobindo Pharma (#AuroPharma) Contd.

True Green (#TrueGreen ) Mangal Credit (#MangalCredit) Parag Milk Foods (#ParagMilk) Inox India (#InoxIndia) NSE (#NSE ) Manipal Payment (#MPIManiPal ) BLS International (#BLS) Turnaround – Faze Three (#Faze3Q) Advent Hotels (#AdventHtl) IdeaForge (#IdeaForge)

Amanta Healthcare (#Amanta) Sedemac Mechatronics (#Sedemac ) GlaxoSmithKline Pharma (#Glaxo) Rushil Decor (#Rushil) Endurance Tech (#Endurance) Jyoti Structures (#JyotiStruc) - Good YoY, down QoQ Xpro India (#XproIndia) - Decent from a low base AWFIS Space Solutions (#Awfis) Mobavenue AI (#Mobavenue) - Solid YoY, flattish QoQ Subros (#Subros) Pfizer (#Pfizer) Radhika Jeweltech (#RadhikaJwe ) AB Infrabuild (#ABInfra) Vascon Engineers (#VasconEQ ) Rama Vision (#RamaVision) TFCI (#TFCI) Gravity (India) (#Gravity) Career Point (#CPEdu ) Ajmera Realty (#Ajmera) Ester Industries (#Ester) Deep Industries (#DeepInds) HMA Agro (#HMAAgro) Arfin India (#Arfin) Bajaj Finserv (#BajajFinsv ) Subex (#Subex) CL Educate (#CLEducate) Laxmi Dental (#LaxmiDentl ) Fractal Analytics (#Fractal) Speciality Restaurants (#Speciality ) Servotech Renewable Power (#Servotech) R Systems (#RSystems) Indiqube Spaces (#Indiqube) Contd.

#Q2FY27 Mainboard #results on 3rd Nov - Blockbuster Set – Diamond Power (#DiaCabs ) Timex Group (#Timex) Aarti Drugs (#AartiDrugs) JG Chemicals (#JGChem ) GNG Electronics (#EBGNG) Raj Rayon Industries (#RajRilLtd ) Global Health (#Medanta) Bodal Chemicals (#BodalChem) Zydus Wellness (#ZydusWell) ZF Steering (#ZFSteering ) One Point One Solutions (#OnePoint) HEG Advanced Materials (#HegAM ) Solid Set – ArisInfra Solutions (#Aris ) Delton Cables (#DltnCbl ) Cosmo First (#CosmoFirst) MCX (#MCX) Sandur Manganese (#SanduMa ) ASK Automotive (#ASKAutoLtd ) - Margin pressure Savita Oil Technologies (#SOTL ) - Margins down QoQ Dhoot Transmission (#DhootTrans) - Sharp margin pressure YoY Minda Corporation (#MindaCorp) Seamec (#SeamecLtd ) Rane (Madras) (#RML ) Prince Pipes (#PrincePipe) Asahi India Glass (#AsahiIndia) Solar Industries (#SolarInds) TAAL Tech (#TAALTech) Gujarat Fluorochemicals (#Fluorochem) Yatharth Hospital (#Yatharth) Emcure Pharmaceuticals (#Emcure) Northern Arc Capital (#NorthArc) N R Agarwal Industries (#NRAIL) - Solid YoY, flattish QoQ Rajapalayam Mills (#Rajpalayam) Choice International (#ChoiceIn) Glass Wall Systems (#GlassWall) - Revenue flattish, solid margin expansion Vijaya Diagnostics (#Vijaya) Lloyds Metals (#LloydsMe ) - Solid YoY, margins sharply down QoQ Dev Accelerator (#DevX) Good/Decent Set – Dalmia Bharat (#DalmiaBharat) - Revenue flattish, solid margin expansion Datamatics Global (#Datamatics) Metropolis Healthcare (#Metropolis) Anthem Biosciences (#Anthem) Amrutanjan Health Care (#Amrutanjan) Harsha Engg (#Harsha) Alkyl Amines (#AlkylAmine) V2 Retail (#V2Retail) Gandhi Special Tubes (#GandhiTube) Contd.

What if Republicans lose control of Congress? Could that be good news for Indian markets? First, Trump isn't losing his presidency. He will remain President for the next two years. But a Democratic-controlled House could make it harder for his administration to push through new policies and funding. Why does this matter? Trump has strongly backed the rapid expansion of AI, defence and manufacturing in the US. A Democratic Congress could mean greater scrutiny, particularly around AI data centres, electricity consumption and environmental concerns. Now look at the bigger picture. Over the last two years, global capital has chased US AI and technology stocks. Korea and Taiwan have benefited from their strong position in the AI supply chain. India, meanwhile, has underperformed. Between October 2024 and September 2026, FPIs net sold more ₹6 lakh crore in the Indian secondary market. If the US AI trade cools off, could some global money start looking for opportunities elsewhere? India could be one of the beneficiaries. But don't expect an immediate rally. Crude oil, geopolitical tensions, US bond yields and domestic earnings remain important indiactors. The US midterms won't decide where Nifty goes. But they could influence where global money goes. That's what we should be watching.

Coincidence, or is the market anticipating something? Worth keeping an eye on this space.

BLS E-Services (#BLSE) PCBL Chemical (#PCBL) Winsome Textile (#WinsomTX ) Indogulf Crop (#ICGL ) JTL Industries (#JTLInd ) Fusion Finance (#Fusion) Citizen Solar (#CitizenSolar) National Aluminium (#Nalco) - Good YoY, Down QoQ Sheela Foam (#SFL ) Lloyds Engineering (#LloydsEngg) Turnaround – One Mobikwik (#Mobikwik) Capillary Tech (#Capillary) Triveni Engineering (#Triveni) Kitex Garments (#Kitex)

#Q2FY27 Mainboard #results on 2nd Nov - Blockbuster Set - VRL Logistics (#VrlLog) Kanohar Electricals (#Kanohar) Viviana Power (#Viviana) Shree Pushkar Chemicals (#ShreePushk) Xtranet Technologies (#Xtranet) Solid Set – Nelcast (#Nelcast) Akums Drugs (#Akums) Jay Bharat Maruti (#JayBarMaru) - Margins down Pasupati Acrylon (#pasuptac ) - Rev down, solid margin expansion KRBL (#KRBL) Petronet LNG (#Petronet) - Rev down, solid margin expansion PSP Projects (#PSPProject) Mold-Tek Packaging (#MoldTkpac) MMP Industries (#MMP) UY Fincorp (#UYFincorp) Sicagen (#Sicagen) Krystal Integrated (#Krystal) Bhatia Communications (#Bhatia) Divgi Torqtransfer (#Divgiitts ) Balaji Amines (#BalaAmines) Choice International (#ChoiceIn) EFC (I) (#EFCIL) Marico (#Marico) RSWM (#RSWM) Rajputana Stainless (#RSL ) Good/Decent Set – Gopal Snacks (#Gopal) Ganesh Consumer (#GaneshCp ) Balmer Lawrie (#BalmLawrie) TBO Tek (#TBOTek) - Solid YoY, slightly down QoQ Prasol Chemicals (#PrasolChem ) - Solid YoY, Margins sharply down QoQ TN Petro (#TNPetro) - Solid YoY, Margins sharply down QoQ Orient Technologies (#OrientTech) ACJK Exports (#Aeroplane ) Granules India (#Granules) Fine Organics (#FineOrg) Trident (#Trident) - Rev down, margins expand Arvind Fashions (#ArvindFash) Mercury EV-Tech (#MercuryEV) ESDS Software (#ESDS) P&G Health (#PGHL) Krsnaa Diagnostics (#Krsnaa) Eureka Forbes (#EurekaForb ) Brahmaputra Infra (#BrahmInfra ) Contd.

#Q2FY27 Mainboard #results on 31st Oct - Blockbuster Set - Shyam Metalics (#ShyamMetl) Quality Power (#QPower) Solid Set – Om Power (#OmPower) Zen Tech (#ZenTec ) Nitin Spinners (#NitinSpin) Muthoot Finance (#MuthootFin) Pace Digitek (#PaceDigitk) AB Lifestyle (#ABLBL) Good/Decent Set – Sahyadri Industries (#Sahyadri) Neogen Chemicals (#Neogen) Mitsu Chemplast (#Mitsu) Rainbow Children's (#Rainbow) Advanced Enzyme (#AdvEnzymes) Menon Pistons (#MennPis) CDSL (#CDSL) Dolphin Offshore (#Dolphin) Atlanta Electricals (#AtlantaEle) Advit Jewels (#Rambhajo) Ganesha Ecosphere (#GanEcos) GHCL (#GHCL) NTPC (#NTPC)

National Fittings (#NatFit ) Aaron Industries (#Aaron) VBL (#VBL) NH (#NH) Quess Corp (#Quess) Lodha Developers (#Lodha) PB Fintech (#PolicyBazar) Juniper Green (#Juniper) Tempsens (#Tempsens) Jio Platforms (#JPL ) Arihant Capital (#ArihantCap) LCC Projects (#LCCProject ) IRM Energy (#IRMEnergy) Turnaround – Spandana Sphoorty (#Spandana) Smartworks Coworking Spaces (#Smartworks)

#Q2FY27 Mainboard #results on 30th Oct - Blockbuster Set - IOL Chemicals (#IOLCP) Advait Energy (#Advait ) Asian Energy (#AsianEne ) IOC (#IOC) Navin Fluorine (#NavinFluor ) Nitta Gelatin (#NittaGela ) SJVN (#SJVN) Syrma SGS (#Syrma ) Ramkrishna Forgings (#RKForge ) GAIL (India) (#GAIL) Emami Paper (#EmamiPap ) Sportking India (#Sportking ) Ajanta Pharma (#AjantPharm ) Solid Set – GE Vernova T&D (#GVTD ) Aarti Industries (#AartiInd) Reliance Industries (#Reliance) Motherson Wiring (#MSUMI) Ratnaveer Precision (#Ratnaveer) Nahar Poly (#NaharPoly) Engineers India (#EngineersIn) - Rev down, Solid Margin Expansion AVL (#AVL) Zodiac Energy (#Zodiac) Dynemic Products (#DynPro ) AB Capital (#ABCapital) Resonance Specialities (#Resonance) GMDC (#GMDCLtd ) Aether Industries (#Aether) DCM Nouvelle (#DCMNVL) Delhivery (#Delhivery) Nahar Spinning (#NaharSping) Good/Decent Set – SPR Auto Tech (#ShriPiston ) Corona Remedies (#Corona) Pranav Construction (#Pranav) Affle 3i (#AFFLE) BEL (#BEL) Taneja Aerospace (#Tanaa) Vadilal Industries (#VadilalInd) NTPC Green (#NTPCGreen ) Chembond Materials (#Chembond) Max Healthcare (#MaxHealth) Shree Rama Multi (#ShreeRama) Skipper (#Skipper) Ucal (#UCAL) Sharda Cropchem (#ShardaCrop) Contd.

RNIT AI Soln (#RNIT) Steamhouse India (#Steamhouse) Garware Tech (#GarFibres) - Good from a low base, Down QoQ Indegene (#Indgn ) Tara Chand Infra (#Tarachand) Equitas SFB (#Equitasbnk) Godrej Consumer (#GodrejCP) Monarch Networth (#Monarch) Sanofi India (#Sanofi) NOCIL (#Nocil) - Decent from a low base Grindwell Norton (#Grindwell) Senores Pharma (#Senores) ICRA (#ICRA) Privi (#PriviSCL ) Turnaround – Vedanta Power (#VEDPower ) Horizon Industrial Parks (#HorizonInd) Bharat Parenterals (#BPLPharma )

#Q2FY27 Mainboard #results on 29th Oct - Blockbuster Set - Deepak Nitrite (#DeepakNtr) Anlon Healthcare (#AHCL) Laurus Labs (#LaurusLabs) PN Gadgil (#PNGJL ) Vedanta Oil & Gas (#VOGL) Milky Mist (#MilkyMist) Omax Autos (#OmaxAuto) MTAR Tech (#MtarTech) Ind-Swift Labs (#Indswftlab) Shadowfax (#Shadowfax) Nilkamal (#Nilkamal) Pine Labs (#Pinelabs) Solid Set – Ram Ratna Wires (#Ramrat) Paras Defence (#Paras) AYM Syntex (#Aymsyntex) Sambhv Steel (#Sambhv) Bliss GVS Pharma (#BlissGvs ) Shaily Engg (#Shaily) Timken India (#Timken) Suryoday SFB (#Suryoday) FSL (#FSL) Alivus Life (#Alivus) Krishna Defence (#KrishnaDef ) Silver Touch (#Silvertuc) Greenply Inds (#Greenply) Wheels India (#Wheels) Blackbuck (#Blackbuck) Apar Inds (#AparInds) Man Infra (#ManInfra) ESAF SFB (#Esafsfb) Menon Bearings (#MenonBe) V-Guard Inds (#Vguard) Borosil (#Borosil) Good/Decent Set – NINtec Systems (#NinSys) Trent (#Trent) Motilal Oswal (#MotilalOfs) KRN (#KRN) - Blockbuster revenue growth, Margins down sharply Alldigi Tech (#Alldigi) CARE Ratings (#CareRating ) Sudarshan Pharma (#Sudarshan) Capital SFB (#CapitalSFB ) ARCIL (#ARCIL ) Brigade Ent (#Brigade) Coal India (#CoalIndia) Welspun Corp (#Welcorp) Thyrocare Tech (#Thyrocare) Contd.

#Q2FY27 Mainboard #results on 28th Oct - Blockbuster Set - Bhageria Inds (#Bhageria ) Aeroflex Inds (#Aeroflex ) ACME Solar Holdings (#AcmeSolar ) OnEMI Tech (#Kissht ) Emkay Global (#Emkay ) Aarti PharmaLabs (#AartiPharm ) Super Sales India (#Super ) Sasken Tech (#Sasken ) Solid Set – Gulf Oil (#GulfOilLub ) RR Kabel (#RRKabel ) - Solid YoY, Flattish QoQ Gokul Agro (#GokulAgro ) JSW Energy (#JSWEnergy ) PVR Inox (#PVRINOX ) TVS Motors (#TVSMotor ) Creative Newtech (#CNL ) Prudent Corp (#Prudent ) Adani Ent (#AdaniEnt ) Manaksia Coated (#ManakCoat ) Yasho Inds (#Yasho ) Craftsman Auto (#Craftsman ) Adani Ports (#AdaniPorts ) Satin CreditCare (#Satin ) KPR Mills (#KPRMill ) Vedanta (#Vedl ) Good/Decent Set – Foseco Crucible (#FosecoC ) GRP (#GRPLtd ) IIFL Capital (#IIFLCaps ) Sanofi Consumer (#SanofiConr ) Orbit Exports (#OrbtExp ) City Union Bank (#CUB ) Force Motors (#ForceMot ) Hero Moto Corp (#HeroMotoCo ) United Polyfab (#UnitedPoly ) Vedanta Aluminium (#VAML ) SC Agrotech (#SCAgro ) Sudeep Pharma (#SudeepPhrm ) Karnataka Bank (#KtkBank ) Refex Inds (#Refex ) Apcotex Inds (#ApcotexInd ) - Good YoY, Margins down sharply QoQ Kamdhenu (#Kamdhenu ) KSL (#KSL ) Sudarshan Colorants (#SudarColor ) InfoEdge (#Naukri ) Chola Fin (#CholaFin ) Elantas Beck (#Elantas ) Sundram Fasteners (#SudrmFast ) Infobeans Tech (#InfoBean ) Arvind Ltd (#Arvind )

#Q2FY27 Mainboard #results on 27th Oct - Blockbuster Set - Morepen Labs (#MorepenLab ) Acutaas Chemical (#Acutaas ) Sky Gold (#SkyGold ) Unimech Aerospace (#Unimech ) Bajaj Auto (#BajajAuto ) Bharat Bijlee (#BBL ) One Source Specialty (#OneSource ) Capri Global (#CGCL ) Solid Set – Bharat Seats (#BharatSe ) Radico Khaitan (#Radico ) SG Mart (#SGMart ) Kanpur Plastipack (#KanPrpa ) Gandhar Oil (#Gandhar ) GP Petroleum (#GulfPetro ) Jubilant Ingrevia (#JubIngrea ) Vardhman Special Steels (#VSSL ) SAIL (#SAIL ) Good/Decent Set – Raymond Ltd (#Raymond ) Tata Capital (#TataCap ) Schaeffler India (#Schaeffler ) Iris Clothings (#IrisDoreme ) Manba Finance (#Manba ) United Breweries (#UBL ) Tanla Platforms (#Tanla ) Gravita (#Gravita ) Home First Finance (#HomeFirst ) Dynamic Cables (#DYCL ) - Down QoQ Honeywell (#Honaut ) Knack Packaging (#Knack ) PG Electroplast (#PGEL ) Allied Blenders (#ABDL ) Concord Bio (#ConcordBio ) FDC (#FDC ) Turnaround – Piramal Pharma (#PPLPharma )

#Q2FY27 Mainboard #results on 26th Oct - Blockbuster Set - Vinyl Chemicals (#VinylIndia ) Solid Set – Macpower CNC (#MacPower ) APL Apollo (#APLApollo ) Supreme Inds (#SupremeInd ) Antelopus (#Antelopus ) - Solid YoY, down QoQ Venus Remedies (#VenusRem ) TN Mercantile Bank (#TMB ) ITC Hotels (#ITCHotels ) Good/Decent Set – Paytm (#Paytm ) Lumax Ind (#LumaxInd ) - Very Good YoY, Flat QoQ Sona BLW (#SonaComs ) Para Cables (#ParaCables ) Leap India (#LeapIndia ) Avantel (#Avantel ) Sunteck Realty (#Sunteck ) Tata Consumer (#TataConsum ) La Tim Metal (#LaTimMetal ) Brigade Hotel (#BrigHotel ) Bank of Maha (#MahaBank ) JBM Auto (#JBMA ) Mankind Pharma (#Mankind ) Dhanlaxmi Bank (#DhanBank ) IOB (#IOB ) PNGS Reva (#PNGSReva ) - Very good YoY, Down QoQ Deepa Jewellers (#Deepa ) Kfintech (#Kfintech ) Vidhi Specialty (#Vidhiing ) Turnaround – Ishan Dyes (#IshanCh ) WeWork India (#WeWork ) Nazara Tech (#Nazara ) Everest Inds (#EverestInd ) Ather Energy (#Aether ) - EBITDA positive for first time A B Real Estate (#ABREL ) Bharat Coking Coal (#BharatCoal )

#Q2FY27 Mainboard #results on 23rd Oct - Blockbuster Set - Steel Strips Wheels (#SSWL ) Sterlite Tech (#StlTech ) Adani Power (#AdaniPower ) Sakar Healthcare (#Sakar ) Solid Set – CG Power (#CGPower ) JSW Steel (#JSWSteel ) GNA Axles (#GNA ) Cubex Tubings (#CubexTub ) Panache Digilife (#Panache ) Automotive Stamp (#ASAL ) Coforge (#Coforge ) TMCV (#TMCV ) Ponni Sugar (#PonniErode ) Good/Decent Set – Sukhjit Starch (#SukhjitS ) Supreme Petro (#SplPetro ) OFSS (#OFSS ) HyperSoft Tech (#Hypersoft ) Bank of India (#BankIndia ) DCB Bank (#DCBBank ) CSB Bank (#CSBBank ) Jindal Steel (#JindalStel ) Shriram Finance (#ShriramFin ) Navkar Corp (#NavkarCorp ) Mahindra Holidays (#MHRIL ) Jana SFB (#JSFB ) Torrent Pharma (#TorntPharm ) SBI Cards (#SBICards ) Turnaround – TruAlt Bio (#TruAlt )

#Q2FY27 Mainboard #results on 24th Oct - Blockbuster Set - Netweb Tech (#Netweb ) Apollo Micro System (#Apollo ) Solid Set – Kajaria Ceramics (#KajariaCer ) Lumax Auto Tech (#LumaxTech ) Seshasayee Paper (#SeshaPaper ) Permanent Magnet (#Permagn ) Modi's Navnirman (#Modis ) AU Bank (#AUBank ) SBFC Finance (#SBFC ) Good/Decent Set – Gujarat Ambuja Exports (#GAEL ) Kotak Mahindra Bank (#KotakBank ) IDFC First Bank (#IDFCFirstB ) SJ Corp (#SJCorp ) Chemcon Speciality (#Chemcon ) Turnaround – High Energy Batteries (#HighEne )