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Fri, 9 Oct 2026
1420 companies · 1441 sector slots · 20 sectors · 29 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

RBI hiked the repo rate 25bps to 5.50% on Oct 7 -- its first hike since Feb 2023 -- shifting stance to 'calibrated tightening'.

The MPC's unanimous move ends four straight holds at 5.25% and comes alongside a raised FY27 CPI projection (5.2%, up from a pre-meeting 5.1%) and a raised GDP growth projection (7.1%, up from 6.7%). The RBI cited elevated crude, geopolitical tensions, firm global bond yields and renewed domestic inflation (August CPI at 4.82%) as drivers. This is a genuine regime shift in the rate backdrop, not noise -- the next MPC meeting is Dec 2-4, and it now runs alongside a hawkish US Fed (3.75-4.00% since Sept 16, next decision Oct 27-28).

Day ahead

No fresh overnight cues found for the Oct 9 open; the dominant backdrop remains the RBI's Oct 7 hawkish turn and a live Fed-vs-markets divergence ahead of the Oct 28 FOMC.

GIFT Nifty and US/Asian market closes could not be sourced for Oct 8-9; the most recent confirmed levels are five sessions stale (Oct 5 close: Nifty 22,555.75, Sensex 72,382.47). The RBI's 25bp hike to 5.50% and shift to 'calibrated tightening' (Oct 7) is now fully priced and remains the dominant theme for rate-sensitive sectors, alongside elevated crude and a weak rupee -- no confirmed same-week print, but the direction is corroborated by the RBI's own stated rationale. Separately, Goldman Sachs now expects a 25bp Fed hike at the Oct 28 FOMC, reversing its prior 'tightening is done' view, even as prediction markets price only ~16-17% odds of that outcome -- an unresolved sell-side/market divergence worth tracking into the decision.

Calls this session

A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.

Published this session (16)

new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.23/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.37/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.48/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.84/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.97/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.25/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.24/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.39/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.42/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.06/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.14/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.16/5 including quality and value — the rare combination.

and 4 more — full list on the site.

Awaiting a second session (23)

TickerClosePublished PendingNote
ABBOTINDIA ₹26,000.00 HOLD → QUALITY-WAIT if next session holds
AGI ₹770.45 BUY → HOLD if next session holds
BBTC ₹1,222.10 BUY → HOLD if next session holds
BEL ₹368.15 HOLD → BUY if next session holds
CAMPUS ₹197.00 BUY → HOLD if next session holds
DALMIASUG ₹435.55 AVOID → HOLD if next session holds
EMMVEE ₹300.05 HOLD → BUY if next session holds
FERMENTA ₹517.55 QUALITY-WAIT → HOLD if next session holds
GILLETTE ₹7,100.50 QUALITY-WAIT → HOLD if next session holds
GOKULAGRO ₹206.74 BUY → HOLD if next session holds
GRAUWEIL ₹81.32 HOLD → QUALITY-WAIT if next session holds
HAL ₹4,655.60 HOLD → BUY if next session holds
HBLENGINE ₹719.05 HOLD → BUY if next session holds
IBULLSLTD ₹36.62 BUY → QUALITY-WAIT if next session holds
INDOTECH ₹3,121.70 QUALITY-WAIT → HOLD if next session holds
KIRLPNU ₹667.25 HOLD → BUY if next session holds
NAUKRI ₹1,219.00 AVOID → HOLD if next session holds
NRBBEARING ₹524.95 HOLD → BUY if next session holds
PARACABLES ₹55.85 AVOID → HOLD if next session holds
PREMIERENE ₹895.35 HOLD → BUY if next session holds
SKIPPER ₹530.25 HOLD → BUY if next session holds
TTKHLTCARE ₹1,016.60 AVOID → HOLD if next session holds
VADILALIND ₹7,162.00 BUY → HOLD if next session holds

Reporting today

No tracked name reports today.

Coming up

Source: NSE event calendar, filtered to the 1420 tracked names.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 22,520.45 ▲ +288.65 ▲ +1.30% 19.27 2.77
Nifty Next 50 68,166.70 ▲ +552.20 ▲ +0.82% 17.86 3.27
Nifty 500 21,866.65 ▲ +250.50 ▲ +1.16% 21.56 3.06
Nifty Bank 55,256.65 ▲ +741.60 ▲ +1.36% 13.10 1.66
NIFTY Midcap 100 58,787.30 ▲ +904.80 ▲ +1.56% 27.73 3.74
▲ 1649 advancing ■ 30 unchanged ▼ 993 declining of 2672 equities, vs the 2026-10-08 close
Cash market, ₹ crore
FII / FPI net
▼ -3,568.90
bought 10,374 · sold 13,943
DII net
▲ +4,743.26
bought 15,627 · sold 10,883
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261009 (levels, index P/E and P/B) and the full-market bhavcopy (breadth).

Index P/E from NSE's official daily index file.

Since We Flagged

The desk's track record — every call it has published, scored over the stretch it actually stood: from the close on the day it was made (restated for any split or bonus) to the day the desk changed it, the name left coverage, or today. Each is set against Nifty 500 over the same window. A BUY should beat it; an AVOID should lag it.

CallCallsStanding Median moveMedian vs Nifty 500 Beat Nifty 500
BUY 596 28 ▼ -0.4% ▲ +0.1% 51%
QUALITY-WAIT 474 157 ▼ -2.1% ▼ -0.8% 41%
HOLD 1725 843 ▼ -1.8% ▼ -0.0% 49%
AVOID 836 357 ▼ -1.2% ▼ -0.3% 47%
CompanyCalled sinceCall Previous callAt callNow Movevs Nifty 500
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD — ₹625.00 ₹1,186.60 ▲ +89.9% ▲ +96.7%
STL Networks LtdSTLNETWORK Tue, 18 Aug 2026 AVOID — ₹25.68 ₹46.35 ▲ +80.5% ▲ +87.3%
D.P. Abhushan LtdDPABHUSHAN Tue, 18 Aug 2026 HOLD — ₹1,457.20 ₹2,363.80 ▲ +62.2% ▲ +69.1%
SBC Exports LtdSBC Tue, 18 Aug 2026 HOLD — ₹38.66 ₹62.43 ▲ +61.5% ▲ +68.3%
MV Electrosystems LtdMVELECTRO Tue, 18 Aug 2026 AVOID — ₹574.10 ₹888.60 ▲ +54.8% ▲ +61.6%
PC Jeweller LtdPCJEWELLER Tue, 18 Aug 2026 HOLD — ₹9.62 ₹14.81 ▲ +54.0% ▲ +60.8%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID — ₹341.95 ₹518.00 ▲ +51.5% ▲ +58.3%
Quadrant Future Tek LtdQUADFUTURE Tue, 18 Aug 2026 AVOID — ₹341.00 ₹511.25 ▲ +49.9% ▲ +56.8%
Shanti Gold International LtdSHANTIGOLD Tue, 18 Aug 2026 HOLD — ₹253.85 ₹380.55 ▲ +49.9% ▲ +56.8%
Delta Corp LtdDELTACORP Tue, 8 Sep 2026 HOLD BUY ₹55.44 ₹81.31 ▲ +46.7% ▲ +52.0%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD — ₹388.95 ₹562.40 ▲ +44.6% ▲ +51.4%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD — ₹17.13 ₹7.20 ▼ -58.0% ▼ -51.1%

3631 calls scored since Wed, 5 Aug 2026: 1385 standing, 1648 closed when the desk changed the call, 598 closed when the name left coverage (at its last published close). 2017 of them are the call a name was given on entering coverage, not one the desk changed to. 1373 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 29 calls published this session are not scored yet — no session to move in. 23 have no cached close at one end of their window and are not scored. 9 entry prices restated for a split or bonus inside the window (marked adj.).

Source: data/archive/<session>.json (every published call) × data/prices/<date>.json × data/market/<date>.json (Nifty 500).

Top Stories

Vadilal Industries' related-party supply pact with promoter entity lapses as India Ratings puts its debt on negative watch FMCG

Vadilal's 10-year related-party supply agreement with promoter entity Vadilal Enterprises expired Sept 30 and could not be renewed Oct 1 for lack of public-shareholder approval; a revised 12-month version awaits an Oct 27 EGM vote. Separately, India Ratings placed Vadilal's bank-loan facilities on 'Rating Watch with Negative Implications' on Sept 23, and a family dispute over the 'Vadilal' brand remains active. Credible, unresolved governance/RPT risk sitting right ahead of the pending BUY->HOLD call.

VADILALIND

Supreme Court recalls its own Rs4,655cr Singampatti lease-rent observation against Bombay Burmah FMCG

The Supreme Court's Aug 19 order recalled an observation it had made in May against BBTC over the Singampatti tea estate, on the grounds the figure was never the subject of formal notice or a hearing on the merits. BBTC had already exited plantation operations and handed the estate to the Tamil Nadu Forest Dept in July. A smaller ~Rs231.9cr demand remains separately under re-quantification at the Madras High Court, so the underlying dispute isn't fully closed, but the headline contingent-liability figure is no longer an operative court finding.

BBTC

Aavas Financiers' CFO/CRO exits confirmed as CVC-directed, tied to an NHB loan-classification probe -- not routine turnover Financial Services

Majority shareholder CVC Capital Partners asked Aavas' President & CFO and President & CRO to step down in June following an NHB probe into loan-classification discrepancies, not the ordinary attrition the resignations might otherwise look like. ICRA and CARE have placed AA ratings on rating watch, and the named replacements (CFO and CRO) are both interim, one-year appointments -- the falsifier (permanent replacements plus a resolved watch) isn't met, keeping the governance overhang behind the pending AVOID->HOLD-adjacent watch live.

AAVAS

Jubilant FoodWorks' Domino's India LFL growth recovers to 4.1% in Q2 FY27, from 2.5% in Q1 Hospitality & Tourism

Jubilant's early-October Q2 FY27 business update shows Domino's India like-for-like growth improving sequentially to 4.1%, still short of management's 5-7% target, alongside 88 net new stores and 11.9% consolidated revenue growth. This partially supports the open claim that the Q1 deceleration was temporary and recovering -- the stated falsifier (no sequential improvement) did not trigger -- though the stock still fell over 4% on the print and the figures are a provisional update pending the detailed November results.

JUBLFOOD

GPPL's Gujarat Maritime Board letter is a procedural comfort letter, not a concession-extension approval Logistics & Transport

GPPL received a comfort letter from the GMB on Aug 26 allowing it to proceed with its concession-extension request, but this is explicitly not an approval -- the company still has until roughly late November to submit a full historical-performance and investment business plan. The Rs17,000cr MoU for expansion is itself non-binding and contingent on the extension being granted. The claim's conditionality is unchanged.

GPPL

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 6 sectors with a researched catalyst. The other 14 show —: no catalyst was researched for them, so their score renormalises over the remaining three inputs rather than assuming a neutral headline. ≥62 accumulate · 45–61 watch · <45 avoid.

SectorStanceEntryCheap QualityTechNews IndexIdx P/EB/W/H/A
Information Technology 75 scanned · 15 researched WATCH 59.4 62.8 78.5 29.6 +0 ▲ +3.02% 18.0 0/9/57/9
Banks 40 scanned · 6 researched WATCH 48.1 41.8 52.3 58.3 — ▲ +1.36% 13.1 1/0/30/9
Pharmaceuticals 88 scanned · 27 researched WATCH 48.8 26.0 71.5 71.5 — ▲ +0.54% 40.2 0/16/58/14
Automobiles 109 scanned · 37 researched WATCH 58.0 46.3 78.3 55.6 — ▲ +1.42% 28.9 10/18/70/11
FMCG 104 scanned · 8 researched WATCH 57.5 58.7 68.9 45.0 +0 ▲ +2.20% 31.1 3/20/61/20
Metals & Mining 83 scanned · 19 researched WATCH 57.4 49.5 67.5 61.4 — ▲ +1.10% 15.7 6/9/50/18
Realty 39 scanned · 4 researched WATCH 56.2 66.8 52.0 34.8 — ▲ +0.92% 34.0 1/1/15/22
Energy & Power 84 scanned · 18 researched WATCH 58.4 59.5 63.5 58.3 +0 ▲ +0.38% 14.2 0/7/44/33
Financial Services 149 scanned · 5 ranked elsewhere · 12 researched WATCH 55.4 68.0 44.5 48.4 -0 ▲ +1.33% 15.3 0/2/98/49
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 11 researched WATCH 57.8 46.0 73.0 64.0 — ▲ +1.09% 41.3 3/10/40/6
Hospitality & Tourism 38 scanned · 9 researched ACCUMULATE 63.6 72.3 69.0 48.0 +0 ▲ +1.17% 85.2 1/6/21/10
Chemicals 102 scanned · 8 researched ACCUMULATE 62.7 62.7 67.8 54.2 — — — 2/11/62/27
Construction & Materials 126 scanned · 11 researched ACCUMULATE 64.9 77.0 61.6 38.3 — — — 5/11/69/41
Capital Goods 103 scanned · 17 researched WATCH 53.3 36.9 79.0 54.0 — — — 0/15/69/19
Textiles & Apparel 47 scanned · 6 researched WATCH 55.9 48.7 62.6 64.0 — — — 4/3/26/14
Retail & Consumer 66 scanned · 4 researched WATCH 58.5 53.5 68.3 55.5 — — — 1/13/33/19
Packaging & Plastics 33 scanned · 2 researched WATCH 57.9 50.0 65.3 66.4 — — — 2/4/19/8
Logistics & Transport 26 scanned · 6 researched WATCH 48.4 33.9 69.3 50.3 +0 — — 0/3/16/7
Telecom & Media 33 scanned · 5 researched WATCH 52.9 50.0 59.8 49.0 — — — 3/2/14/14
Commercial Services 37 scanned · 8 researched WATCH 54.7 54.2 52.5 59.8 — — — 1/1/20/15

Source: data/verdicts.json × NSE sector index closes.

Stocks to Watch

Split evenly across large/mid/small/micro cap so this list isn't one tier's picks — new calls first, then the highest long-term composites within each. Micro-cap names are boxed and flagged Highly Volatile — worth watching, not a call to buy — since their price swings run about twice every other tier's. Each card shows the figures that selected it — open the desk for the full six-lens panel.

new call this session
unconfirmed: sector
P/E in the 31th percentile of its own 3-year range · ROCE 35.2% (up 11.2pt over 5y)
Composite 71.5 Mkt Cap 97,979 cr · Large P/E 17.71 ROCE 35.2% Piotroski 6/9
new call this session
unconfirmed: price, sector
composite 71.0 on quality, timing, valuation
Composite 71.0 Mkt Cap 150,923 cr · Large P/E 20.32 ROCE 35.9% Piotroski 3/3
new call this session
P/E in the 27th percentile of its own 3-year range · ROCE 17.0% (up 20.0pt over 5y) · Piotroski 7/9
Composite 78.2 Mkt Cap 17,987 cr · Mid P/E 33.58 ROCE 17.0% Piotroski 7/9
new call this session
unconfirmed: price, sector
Piotroski 8/9 · -27.3% off its 52-week high
Composite 68.8 Mkt Cap 19,119 cr · Mid P/E 30.83 ROCE 60.8% Piotroski 8/9
new call this session
P/E in the 6th percentile of its own 3-year range · ROCE 14.8% (up 7.8pt over 5y)
Composite 83.9 Mkt Cap 8,378 cr · Small P/E 43.86 ROCE 14.8% Piotroski 5/9
new call this session
unconfirmed: price, sector
ROCE 22.6% (up 9.6pt over 5y) · Piotroski 7/8
Composite 82.5 Mkt Cap 6,428 cr · Small P/E 25.1 ROCE 22.6% Piotroski 7/8
new call this session
Highly Volatile
P/E in the 10th percentile of its own 3-year range · -45.5% off its 52-week high
Composite 74.8 Mkt Cap 1,014 cr · Micro P/E 13.96 ROCE 35.4% Piotroski 4/8
new call this session
Highly Volatile
P/E in the 89th percentile of its own 3-year range · ROCE 14.6% (up 10.6pt over 5y) · Piotroski 7/9
Composite 61.8 Mkt Cap 4,960 cr · Micro P/E 42.74 ROCE 14.6% Piotroski 7/9

How We Evaluate

MetricWhy it is in the frameworkSource
Return on capital, level and trendDurable high ROCE predicts future returns; the trend separates a moat from a good year Novy-Marx 2013 JFE
Gross profitability (GP/assets)As predictive as book-to-market, and less prone to the value trap Novy-Marx 2013 JFE
Piotroski F-scoreA nine-signal accounting checklist that separates real improvers from statistically cheap traps Piotroski 2000 JAR
Cash-flow-to-net-profitAccrual-heavy profit reverts; cash-backed profit persists Sloan 1996 TAR
P/E versus the stock's own historyCheap relative to itself, not to a peer set that may be expensive as a whole Basu 1977 JF
Book-to-marketThe value premium, in its original form Fama–French 1992 JF
EV/EBITDACapital-structure-neutral, so it compares a leveraged firm to an unleveraged one Practitioner standard
Altman Z and interest coverageDistressed firms have delivered lower, not higher, returns — screen them out rather than chase them Altman 1968 JF; Campbell/Hilscher/Szilagyi 2008 JF
52-week-high proximity, 200-DMANearness to the high has predicted continuation — but momentum crashes, so never alone George & Hwang 2004 JF; Daniel & Moskowitz 2016 JFE
Promoter pledgePledged promoter holding is a governance red flag ahead of a forced sale Not currently available from either source — no penalty is applied

Full derivation in METHODOLOGY.md.