SABARI SECURITIES

Our updated Track-list and the scope of coverage (176 stocks) ✅ #tracklist #sabarisec Multi cap + Quality + Value + Growth backed by strong fundamentals 👍 The Scope of coverage for each stock that are part of our track-list are below: (only with a long-term view) 1. Provide real-time updates on operational activities of the business including order wins, investor meetings and financial operations including fund raising, debt, investor pledge etc. 2. Provide Quarterly and Annual results (QoQ and YoY) 3. Provide a summary of the Earnings call of each stock with regards to management guidance and business outlook. 4. Provide Fundamental Analysis of every new stock entering our track-list with case study. 5. Any bulk/block deals if any. 6. Technical analysis (charts) Out of Scope 1. No buy/sell calls. 2. No short-term or momentum trading Note - This track-list is subject to change and shall share the updated list as and when required.

Our run-rate revenue has surpassed $30 billion, up from $9 billion at the end of 2025, as demand for Claude continues to accelerate. This partnership gives us the compute to keep pace. Read more: anthropic.com/news/google-br…

Vikran Engineering Secures 530 Crore Orders for Distribution Infrastructure Strengthening Across Nashik and Kolhapur Zones in Maharashtra #vikran #sabarisec

Model Portfolio 2026 | Flexi-Cap Approach ✅👇 #sabarisec #equity For investors looking to study businesses across Quality, Value & Growth, here is a well-balanced flexi-cap model portfolio spanning multiple sectors of the Indian economy. The idea is not to chase narratives but to study strong businesses across cycles and build conviction over time. Sectors & Businesses to Track: Automobile • Hero MotoCorp Banking & Financials • ICICI Bank • PNB Housing Finance Auto Ancillary • Shriram Pistons & Rings Renewables • Waaree Energies Pharma / CDMO • Aarti Pharmalabs Healthcare • Indraprastha Apollo Hospitals Infrastructure • Larsen & Toubro Logistics / New Economy • BlackBuck Chemicals / Fertilizers • Deepak Fertilisers and Petrochemicals Corporation • Auctus Chemicals Consumer • Bajaj Consumer Care • Electronics Mart India Premium Consumption • United Spirits Electronics Manufacturing • Kaynes Technology India Capital goods • Transrail Lighting Market Exposure • Nippon India ETF Nifty BeES A diversified mix of leaders, emerging growth companies and sectoral opportunities across manufacturing, financials, consumption, infrastructure, healthcare and new economy sectors. As many of you know, we have been discussing the commodity cycle early — especially gold and silver — and fortunately that thesis played out well (touch wood).✌️🙏 Now we may gradually be entering a phase where quality equities could start becoming attractive again as valuations normalize across segments. Instead of chasing markets, it may be wiser to study businesses early and begin accumulating in a phased manner whenever opportunities emerge. The key principles remain the same: • Focus on quality businesses • Allocate gradually with discipline • Maintain a long-term approach • Let conviction and patience do the heavy lifting Wealth is rarely created by predicting markets. It is created by owning good businesses long enough.👍 Disclaimer: Not a buy/sell recommendation. For research and learning purposes only.

Nifty-priced-in-gold is back to levels last seen in the mid‑1990s, meaning 30 years of “value‑adding” equity growth has been almost fully given up to Gold.

Why Indian Tech Stocks Are Facing an AI Reality Check 👇 #sabarisec Indian technology stocks are witnessing sustained pressure, and while near-term macro factors such as global demand slowdown and client budget rationalisation are being discussed widely, the deeper structural concern is AI-led disruption of the traditional services model. Our own recent experience makes this shift very tangible. Over the last 20 days, we collaborated with Anthropic using its co-work capabilities to build our in-house AI/ML platform. In less than three weeks, we translated our core ideas into a fully functional architecture comprising more than 32,000 lines of structured, production-ready code and ongoing. The speed, iteration quality, and architectural refinement achieved in that timeframe would traditionally have required a sizable development team, multiple review cycles, and potentially 8–12 months of execution. The cost differential is equally significant — what could have involved a substantial budget under a conventional services approach was accomplished at a minimal fraction of that expense. This is precisely the kind of productivity acceleration markets are beginning to factor in. AI does not merely automate small tasks; it compresses delivery cycles, reduces dependency on large teams, lowers entry barriers for innovation, and empowers founders and lean organizations to execute at scale. When productivity per engineer increases exponentially, billing-hour models and headcount-driven revenue expansion inevitably face pressure. That said, this does not signal the end of Indian IT. It signals a transition. The next phase of growth will belong to firms that evolve from labor-arbitrage driven services to AI-native platforms, intellectual property ownership, automation frameworks, and outcome-based value delivery. Those that embed AI deeply into their development, deployment, and operational layers will remain competitive and possibly emerge stronger. AI is not a passing trend; it is a structural productivity shift. The last 20 days of building reinforced a simple truth — execution leverage has fundamentally changed. The companies and professionals who adapt to this new productivity paradigm will define the next decade of technology leadership.

I’m telling you… It’s copper copper copper copper copper.

This is not about India. This is about “indebted empire” . The empire wants others to pay for its debt. Between 2005-2025 US total debt has gone from $5T to $37T but nobody knows what US got in return for that debt except never ending wars. Now the empire also knows that world has stopped recycling its surplus in U.S. treasuries so it wants ROW to pay in the form of Tariffs ( for access to U.S. markets) It tried the same thing with China but China just refused to send “Rare earth magnets” to US and the truce between US and China is extended… in reality U.S. has no card to play against China till U.S. restores supply chains. Europe bowed down because it needs US military umbrella .. that’s what happens when you continue to have a colonial mindset. Japanese bowed down because afterall Japanese are used to bowing down to US for long time .. they even wrecked their own economy after plaza accord to mollify Americans. Most people don’t realise that India is domestic oriented economy and external trade as % of GDP is quite small compared to other countries. Americans friend carrot approach with India and China to break away from Russia and now they are applying stick approach… let’s see .. but all empires from “Roman times” become indebted and arrogant towards the end of their reign.

Gold, silver & stock markets - THIS IS IT...this is all you need to know now 👇

Russia’s Gold Reserves Pass $400Bln Landmark for the First Time: Central Bank - 06.02.2026, Sputnik India sputniknews.in/amp/20260206/r…

China's central bank buys gold for 15th consecutive month reuters.com/world/china/ch…

@VijayKedia1 It’s the same case for all the asset classes sir

Metals melt when overheated. 🤓😉

🚨Anthropic CEO Dario Amodei warns: "AI models could handle end-to-end software engineering within 6 to 12 months."

BREAKING: Chinese President Xi Jinping calls for the yuan to become global reserve currency.

@aravind US geopolitical dominance and a strong USD can coexist with rising gold. Gold doesn’t price American defeat — it prices debt expansion, persistent fiscal deficits, and negative real rates. Power can shape narratives. Math shapes currencies.

Panama canal has been legally taken control of by the US. China loses it. Next will be Greenland. And if Iran falls like VZ, and US takes control of its oil, it is over for the globalists (and gold). Too delusional to then argue the US will lose and USD will become worthless.

GOLD and SILVER view 👇 #GOLD #SILVER #sabarisec There are numerous narratives circulating across social media regarding yesterday’s decline in precious metals. Ignore the noise and stay focused on macro fundamentals—my view remains firmly intact and unchanged. During parabolic moves, sharp and deep corrections are inevitable. Volatility is the true nature of commodities and must be respected; leverage trading should be strictly avoided. My long-term outlook through 2035 continues to remain fully intact.

GOLD and SILVER update ✅ #sabarisec #GOLD #SILVER In INR for 999 purity GOLD has delivered 155% returns from 7,128 to 18,128 per GM (1.8 crore per KG) 👍 SILVER has delivered 5X - 400% returns from 83 to 400 per GM (4 Lakh / KG) 👍 Both precious metals may experience short-term volatility; therefore, prudent risk management is essential. However, long-term investors who have accumulated positions at lower levels should remain disciplined and stay invested. Our long term target as mentioned multiple times in all my previous threads GOLD @ 40K (4 crore per KG) SILVER @ 1000 ( 10 Lakh per KG) The long-term price targets remain firmly intact. However, the expected timelines have been revised. The recent price action has been far more rapid and parabolic than initially anticipated, driven primarily by accelerated currency debasement and evolving global macroeconomic dynamics. Let’s see when it unfolds ✌️

NIFTY Status ✅👇 #NIFTY #sabarisec Nifty is yet to enter a decisive turnaround phase and is likely to remain sideways to mildly bearish until the following macro conditions improve: 1. Nominal GDP growth returning to double digits: India’s nominal GDP growth has moderated due to softer inflation and uneven real growth. Historically, sustained bull markets in Indian equities are best supported when nominal GDP consistently prints in double digits, enabling strong revenue growth, operating leverage, and earnings compounding across sectors. ————————— 2. Earnings growth remains underwhelming till now, While expectations were high, Q3 earnings growth so far has been mixed •Broad-based earnings momentum is missing •Margin expansion has been limited •Only a few pockets (select financials and defensives) are holding up, while cyclicals and consumption remain soft Until earnings growth accelerates meaningfully and becomes more widespread, markets will struggle to sustain a durable up-move. ————————— 3. Valuations vs earnings mismatch: Even after time correction, valuations are not cheap relative to growth. Valuations remain elevated relative to the current earnings growth trajectory, limiting upside despite time correction. ————————— 4. FII flows remain vulnerable amid INR weakness vs USD Foreign Institutional Investors are highly sensitive to currency risk. A structurally weakening rupee erodes dollar-denominated returns even if Indian equities perform well in local terms. FII flows remain cautious due to currency depreciation risk, especially in the absence of strong earnings growth to offset USD return erosion. ————————— 5. Technical signals are also flashing caution On the technical front, the iShares India 50 ETF has registered a weak close on the weekly timeframe, indicating loss of momentum and reinforcing the broader sideways-to-bearish bias for Indian equities in the near term. ————————— Without a revival in double-digit nominal GDP growth, stronger and broader earnings acceleration, and greater currency stability, Nifty is likely to remain range-bound with downside risk, rather than entering a sustained bullish phase.

Why The Gold Stock Rally Isn’t Over Yet Gold and gold miners posted huge gains last year, leaving investors to wonder if they missed the move. A longtime gold fund manager says this cycle looks different and miner margins could hold up. Read more: forbes.com/sites/brandonk…