All my Threads so far 🧵 👇🏼

Warning signs from a month ago have largely played out Lot of good risk:reward available in so many names in the market today Market breadth is already inching upwards and so far Q2 results season has had an even stronger start than Q1 Wont be too aggressive in building positions but have started adding

AI related revenue for IT Services companies is increasing but at the cost of slowdown in existing revenue Business model is also changing with almost all deals being signed outcome driven instead of headcount driven Growth Guidance Wipro Q3: -1.5% to 0.5% HCL: 2.5% to 4.5% (raised from 1 to 4%)

Latest #TheWrap🌯is now available to read ⤵️ Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more thewrap.in/blog/thewrap173 Your one stop place for everything important in Indian Stock Market

One week of bounce, and entire narrative on IT Service companies have changed Meanwhile, these are the QoQ earnings print of top 7 IT Service companies (this is after many inorganic acquisitions in last several qtrs) Are they oversold? Yes Are they cheap? Yes Can they grow at high rates this year? No

$TSM alone will spend upwards of a $100B in capex in 2028 This is after spending $90B in 2027 and $65B this year abhi picture baaki hai

Over 50% of all new bond issuances are now AI related A rising interest enviornment will make it tougher to raise more money and fund further incremental capex

The era of cash flow funding AI capex is ending The era of equity & debt issuance funding AI capex is starting

Opened exact at 650-700 range price 10x to 8x forward sales 20x TTM Sales 30% PBIT Margins

Five Corporate Filings You Should Know About Week Ending: 11th Oct 2026 1. Dixon Technologies 🛜 Company has signed a joint venture with Taiwan-based Gemtek Technology to manufacture optical transceivers, marking its entry into optical communications hardware used in data centres. This marks Dixon's expansion beyond traditional electronics assembly into a more technically specialised segment, with potential exposure to the growing AI data-centre infrastructure opportunity. bseindia.com/xml-data/corpfi… 2. DP Abhushan Ltd 💰 Company has raised 558cr in funds via preference issue from a long list of famous investors and institutions bseindia.com/xml-data/corpfi… 3. Marons Ltd ⚡ Company enters into a JV with Cleanhill to increase transformer manufacturing in USA This is right on the growing trend of Indian transformer companies rushing to address the power transformer shortage in USA (Yash Highvoltage is another recent example that has entered into several partnerships to increase US bound sales) bseindia.com/xml-data/corpfi… 4. Bharat Forge 🔥 Company signs a long term contract with Pratt & Whitney Canada to manufacture critical aerospace engine components This is part of Bharat Forge's expansion into aerospace industry and a growing order book for their new aerospace facility bseindia.com/xml-data/corpfi… 5. Marine Electricals 🔋 Company wins another large order worth ~393cr to supply power distribution systems for Data Centers and other power projects for naval vessels Momentum in orders continue for Marine Electricals as order book has rapidly expanded to ~3600cr (4x of FY26 revenues) nsearchives.nseindia.com/cor… All of the above filings and several more are part of the #TheWrap🌯 Weekly Report thewrap.in

Expect some cool off in bond yields in the coming weeks as investor appetite for these have reached an eight year high Oil too may stabilize for sometime as increased supply from Russia + EU reserves enter the market All of these are temporary solutions as we enter Q2FY27 earnings season In a narrowing market, expect high growth names multiple to expand even further and those with a growth miss to be butchered

Latest #TheWrap🌯is now available to read ⤵️ Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more thewrap.in/blog/thewrap172 Your one stop place for everything important in Indian Stock Market

Suezmax rates are up 3.5x since start of this year and expected to remain higher this time around till Bab al-Mandab Strait remains closed #GEShip has 3 Suezmax tankers deployed at spot rates Company is also trading ~30% below its NAV

Everything that goes into building a gas engine generator set used by AI data centers Covered $INIO and AI Power industry in depth in weekly #TheWrap🌯 meet yesterday Recording available at thewrap.in

Latest #TheWrap🌯is now available to read ⤵️ Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more thewrap.in/blog/thewrap171 Your one stop place for everything important in Indian Stock Market

Latest #TheWrap🌯is now available to read ⤵️ Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more thewrap.in/blog/thewrap170 Your one stop place for everything important in Indian Stock Market

In a week where US 10Y yields are above 5%, this is what Nasdaq did Gap up and close strong Very interesting times

$AMD is now a trillion dollar company Up 4x in ~1 year Both AMD and Nvidia continue to raise prices on their AI GPU offerings

Saudi Arabia’s crude supply fell to its lowest level in more than three decades in August, at roughly 6 million barrels per day Supply conditions remain constrained in September, while Saudi Aramco has now halted October crude deliveries to at least two European refiners following renewed disruptions to its critical East-West pipeline Earlier in the year, Saudi Arabia increasingly relied on the East-West pipeline to bypass disruptions in the Strait of Hormuz, helping keep more crude flowing to global markets That alternative route has now itself been disrupted following a series of attacks on Saudi energy infrastructure Despite this increasingly difficult macro backdrop, markets have remained remarkably resilient But beneath the surface, participation continues to weaken Most stocks have recovered even as broader market breadth continues to deteriorate A lot is riding on Q2FY27 earnings Wont be too aggressive in building new positions, nor too aggressive in booking existing ones

Latest #TheWrap🌯is now available to read ⤵️ Discover special situations, sector rotation, insider trades, bulk and block deals, new listings, order wins, earnings review & more thewrap.in/blog/thewrap169 Your one stop place for everything important in Indian Stock Market