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The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Thu, 8 Oct 2026
1417 companies · 1438 sector slots · 20 sectors · 32 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

RBI's October rate decision outcome could not be confirmed in available sources, with economists split between a hold and a 25bp hike.

The MPC met Oct 5-7 with the decision due Oct 7 at 10am IST; going in, the repo rate stood at 5.25% (held for four straight reviews) under a neutral stance. A Reuters poll had 35 of 61 economists expecting a 25bp hike to 5.50%, a Business Standard poll found 8 of 10 respondents expecting a hike, and SBI Research flagged a possible hike today plus another in December, while Bank of Baroda expected a hold with hikes only starting in December. No post-meeting report confirming the actual outcome could be located this session -- a live gap worth checking against RBI's own release before trading any rate-sensitive sector today.

Day ahead

Overnight cues and today's RBI outcome both unclear in available sources -- check live before the open.

No reliable, dated GIFT Nifty or overnight-global-markets read for Oct 8 could be sourced -- the only material found was either undated or clearly stale (a May 2026 GIFT Nifty level, and conflicting undated trackers ranging from a 'mildly bearish' bias to broader risk-off tied to AI/semiconductor valuation caution in US and Asian markets). Separately, RBI's Oct 7 policy outcome (hold vs. 25bp hike) has not been confirmed in sources available this session. The next scheduled Fed decision is Oct 27-28; sources also disagreed on the current fed funds rate (3.75-4.00% vs 3.5-3.75%) and on October hike odds (16% vs roughly 50%), so neither Fed figure should be treated as settled going into today.

Calls this session

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

Sector stance changed (3)

Published this session (8)

new
Good business, bad price today (Value 1/5) — PEG 2.2; P/E cheaper than 33% of sector peers (P/E 35.39); EV/EBITDA 25.1, B/M 0.04. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG 0.25; P/E cheaper than 37% of sector peers (P/E 36.26); EV/EBITDA 16.2, B/M 0.193. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 39% of sector peers (P/E 33.93); EV/EBITDA 15.4, B/M 0.16. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG 0.61; P/E cheaper than 58% of sector peers (P/E 75.23); EV/EBITDA 54.4, B/M 0.138. Watch for a better entry.
new
Good business, bad price today (Value 1/5) — PEG n/a; P/E cheaper than 14% of sector peers (P/E 86.82); EV/EBITDA 101.7, B/M 0.031. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG 1.22; P/E cheaper than 33% of sector peers (P/E 29.24); EV/EBITDA 14.6, B/M 0.198. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG 0.52; P/E cheaper than 38% of sector peers (P/E 37.48); EV/EBITDA 24.7, B/M 0.124. Watch for a better entry.
new
Good business, bad price today (Value 1/5) — PEG n/a; P/E cheaper than 11% of sector peers (P/E 98.52); EV/EBITDA 42.1, B/M 0.094. Watch for a better entry.

Awaiting a second session (25)

TickerClosePublished PendingNote
AAVAS ₹1,190.50 AVOID → HOLD if next session holds
ARTEMISMED ₹308.45 QUALITY-WAIT → HOLD if next session holds
BANCOINDIA ₹588.90 HOLD → BUY if next session holds
CAMPUS ₹199.00 QUALITY-WAIT → BUY if next session holds
CENTURYPLY ₹659.85 QUALITY-WAIT → HOLD if next session holds
CHALET ₹825.55 BUY → HOLD if next session holds
HEROMOTOCO ₹4,856.50 HOLD → BUY if next session holds
JLHL ₹247.10 HOLD → QUALITY-WAIT if next session holds
KIRLOSENG ₹2,163.00 QUALITY-WAIT → HOLD if next session holds
KOVAI ₹5,891.50 HOLD → BUY if next session holds
LGBBROSLTD ₹1,676.40 HOLD → BUY if next session holds
MANINDS ₹857.85 QUALITY-WAIT → HOLD if next session holds
PARKHOSPS ₹260.85 HOLD → BUY if next session holds
PRICOLLTD ₹650.10 HOLD → BUY if next session holds
RACLGEAR ₹1,502.00 QUALITY-WAIT → HOLD if next session holds
RAINBOW ₹1,230.70 QUALITY-WAIT → BUY if next session holds
SBCL ₹1,050.60 QUALITY-WAIT → HOLD if next session holds
SHARDAMOTR ₹884.40 HOLD → BUY if next session holds
SHRIPISTON ₹4,270.40 HOLD → BUY if next session holds
SJS ₹1,980.30 HOLD → BUY if next session holds
SKFINDIA ₹1,407.70 HOLD → BUY if next session holds
STYLAMIND ₹3,243.80 QUALITY-WAIT → BUY if next session holds
TENNIND ₹468.80 HOLD → BUY if next session holds
TIIL ₹2,581.90 BUY → HOLD if next session holds
TMCV ₹413.20 HOLD → BUY if next session holds

Reporting today

No tracked name reports today.

Coming up

Source: NSE event calendar, filtered to the 1417 tracked names.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 22,231.80 ▼ -371.25 ▼ -1.64% 19.02 2.73
Nifty Next 50 67,614.50 ▼ -1,789.50 ▼ -2.58% 17.72 3.25
Nifty 500 21,616.15 ▼ -443.75 ▼ -2.01% 21.32 3.03
Nifty Bank 54,515.05 ▼ -540.50 ▼ -0.98% 12.92 1.64
NIFTY Midcap 100 57,882.50 ▼ -1,500.10 ▼ -2.53% 27.30 3.68
▲ 277 advancing ■ 19 unchanged ▼ 2377 declining of 2673 equities, vs the 2026-10-07 close
Cash market, ₹ crore
FII / FPI net
▼ -12,943.58
bought 15,725 · sold 28,669
DII net
▲ +10,703.11
bought 22,988 · sold 12,285
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261008 (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 32 ▼ -0.4% ▲ +0.1% 51%
QUALITY-WAIT 466 156 ▼ -2.2% ▼ -0.7% 44%
HOLD 1708 841 ▼ -2.0% ▲ +0.2% 52%
AVOID 829 350 ▼ -1.2% ▼ -0.1% 49%
CompanyCalled sinceCall Previous callAt callNow Movevs Nifty 500
STL Networks LtdSTLNETWORK Tue, 18 Aug 2026 AVOID — ₹25.68 ₹48.07 ▲ +87.2% ▲ +95.1%
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD — ₹625.00 ₹1,167.10 ▲ +86.7% ▲ +94.6%
SBC Exports LtdSBC Tue, 18 Aug 2026 HOLD — ₹38.66 ₹63.21 ▲ +63.5% ▲ +71.4%
D.P. Abhushan LtdDPABHUSHAN Tue, 18 Aug 2026 HOLD — ₹1,457.20 ₹2,258.90 ▲ +55.0% ▲ +62.9%
MV Electrosystems LtdMVELECTRO Tue, 18 Aug 2026 AVOID — ₹574.10 ₹879.25 ▲ +53.2% ▲ +61.1%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID — ₹341.95 ₹512.00 ▲ +49.7% ▲ +57.6%
Quadrant Future Tek LtdQUADFUTURE Tue, 18 Aug 2026 AVOID — ₹341.00 ₹505.75 ▲ +48.3% ▲ +56.2%
HLE Glascoat LtdHLEGLAS Tue, 18 Aug 2026 HOLD — ₹306.20 ₹446.00 ▲ +45.7% ▲ +53.6%
PC Jeweller LtdPCJEWELLER Tue, 18 Aug 2026 HOLD — ₹9.62 ₹13.90 ▲ +44.5% ▲ +52.4%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD — ₹388.95 ₹557.00 ▲ +43.2% ▲ +51.1%
Rossell Techsys LtdROSSTECH Tue, 18 Aug 2026 HOLD — ₹1,103.55 ₹1,570.10 ▲ +42.3% ▲ +50.2%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD — ₹17.13 ₹7.20 ▼ -58.0% ▼ -50.1%

3599 calls scored since Wed, 5 Aug 2026: 1379 standing, 1622 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. 1367 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 32 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. 8 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

GPPL's port concession extension still pending Gujarat Maritime Board review Logistics & Transport

Gujarat Pipavav Port received a comfort letter from the Gujarat Maritime Board on Aug 26, 2026 to begin processing its concession extension beyond Sept 2028, but must still submit a full performance record and investment business plan -- potentially covering the Rs17,000cr non-binding capex MoU -- within 90 days, a deadline around Nov 24, 2026. JM Financial retains a Buy (target Rs210) citing a 13% FY27-28 EBITDA CAGR, while Jefferies is more cautious (target Rs131), with both flagging final royalty terms as the swing factor.

GPPL

PFC's Q1 disbursement collapse adds weight to Morgan Stanley's REC growth-deceleration call Financial Services

PFC's Q1 FY27 loan assets fell 1.7% QoQ and disbursements dropped 44% YoY/50% QoQ to Rs20,176cr, prompting Morgan Stanley to cut its FY26-29 loan CAGR estimate to ~6% from ~9% and send both REC and PFC shares down up to 3%. PFC management still guides to 10% FY27 loan growth, above Morgan Stanley's revised estimate, and REC's own Q1 standalone profit fell to Rs41.49bn from Rs44.5bn YoY even as NII rose sequentially -- a live disagreement between company guidance and the analyst's growth-deceleration thesis ahead of the REC-PFC merger targeted for April 2027.

RECLTD

Aavas Financiers' AA rating placed on watch after CFO and Chief Risk Officer exits Financial Services

ICRA (June 30) and CARE (around July 1) placed Aavas Financiers' AA long-term rating on 'Rating Watch with Developing Implications' following the resignations of its President & CFO and President & Chief Risk Officer, both effective Sept 21, 2026; CARE's watch covers Rs13,521.92cr of instruments. No update was found on whether replacements have been named or the watch resolved, and this sits directly behind Aavas's pending AVOID->HOLD call flip.

AAVAS

Shukra Pharmaceuticals rallies 11% on MedTech diversification; capex discipline still unconfirmed Pharmaceuticals

Shukra Pharmaceuticals shares jumped roughly 11% around Oct 5, 2026 on continued investor enthusiasm for its pharma-to-MedTech pivot, including a tie-up with Born Medical Robotics. Q1 FY27 revenue rose sharply to Rs23.52cr with a Rs12.96cr profit versus a loss a year earlier, but no subsidiary-level capex figures were found, leaving the open question of disciplined execution across its nine new unrelated subsidiaries unresolved.

SHUKRAPHAR

Aegis Logistics-Tristar $1.5bn talks still unresolved, people familiar warn deal could still collapse Energy & Power

The latest located reporting (Sept 9, 2026) describes Aegis Logistics and Tristar Holdings in advanced, exclusive bilateral talks for a roughly $1.5bn acquisition, with Aegis planning to roll over/refinance Tristar's $600m debt and raise $400-500m in fresh debt. People familiar told Economic Times the deal could still fall apart before signing; no October confirmation of a signed deal or collapse has surfaced.

AEGISLOG

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 5 sectors with a researched catalyst. The other 15 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 61.5 64.6 78.5 25.0 — ▼ -0.08% 17.4 0/9/57/9
Banks 40 scanned · 6 researched WATCH 48.7 44.3 52.3 54.3 — ▼ -0.98% 12.9 1/0/30/9
Pharmaceuticals 88 scanned · 27 researched WATCH 48.9 26.1 71.5 70.8 +0 ▼ -2.32% 40.0 0/16/58/14
Automobiles 109 scanned · 36 researched WATCH 55.5 41.7 78.3 54.2 — ▼ -2.49% 28.5 0/19/80/10
FMCG 104 scanned · 7 researched WATCH 59.6 60.3 68.9 42.1 — ▼ -2.02% 30.4 3/20/61/20
Metals & Mining 83 scanned · 19 researched WATCH 56.0 50.0 67.5 52.8 — ▼ -3.55% 15.6 8/10/47/18
Realty 39 scanned · 4 researched WATCH 55.0 65.1 52.0 33.2 — ▼ -3.16% 33.7 1/1/15/22
Energy & Power 83 scanned · 18 researched WATCH 54.3 50.8 63.7 53.6 +0 ▼ -2.82% 14.1 0/7/44/32
Financial Services 148 scanned · 5 ranked elsewhere · 11 researched WATCH 54.1 69.7 44.2 47.7 -2 ▼ -1.11% 15.1 0/2/98/48
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 9 researched WATCH 57.8 46.2 73.0 63.4 — ▼ -2.33% 40.8 0/11/42/6
Hospitality & Tourism 38 scanned · 9 researched ACCUMULATE 62.8 72.0 69.0 45.3 +0 ▼ -3.37% 84.2 2/6/20/10
Chemicals 102 scanned · 8 researched ACCUMULATE 62.2 62.3 67.8 52.7 — — — 2/11/62/27
Construction & Materials 125 scanned · 11 researched ACCUMULATE 63.8 74.8 61.8 38.0 — — — 4/13/68/40
Capital Goods 103 scanned · 17 researched WATCH 53.5 37.8 79.0 52.8 — — — 0/15/69/19
Textiles & Apparel 47 scanned · 6 researched WATCH 56.0 48.8 62.6 64.2 — — — 3/4/26/14
Retail & Consumer 66 scanned · 4 researched WATCH 57.9 52.6 68.3 54.6 — — — 2/13/32/19
Packaging & Plastics 33 scanned · 2 researched WATCH 58.0 50.0 65.3 67.2 — — — 2/4/19/8
Logistics & Transport 26 scanned · 6 researched WATCH 49.1 34.6 69.3 52.9 +0 — — 0/3/16/7
Telecom & Media 33 scanned · 5 researched WATCH 52.3 50.0 59.8 46.0 — — — 3/2/14/14
Commercial Services 37 scanned · 8 researched WATCH 52.4 50.0 52.5 58.4 — — — 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
P/E in the 10th percentile of its own 3-year range · ROCE 36.4% (up 8.4pt over 5y) · Piotroski 8/9
Composite 78.8 Mkt Cap 268,559 cr · Large P/E 43.73 ROCE 36.4% Piotroski 8/9
new call this session
P/E in the 27th percentile of its own 3-year range · ROCE 6.32% (up 2.3pt over 5y)
Composite 71.7 Mkt Cap 157,761 cr · Large P/E 36.69 ROCE 6.32% Piotroski 6/9
new call this session
P/E in the 19th percentile of its own 3-year range · ROCE 32.7% (up 19.7pt over 5y)
Composite 83.0 Mkt Cap 40,161 cr · Mid P/E 24.08 ROCE 32.7% Piotroski 6/9
new call this session
P/E in the 4th percentile of its own 3-year range · ROCE 90.7% (up 39.7pt over 5y)
Composite 79.6 Mkt Cap 23,650 cr · Mid P/E 35.39 ROCE 90.7% Piotroski 6/8
new call this session
P/E in the 0th percentile of its own 3-year range · ROCE 83.2% (up 77.2pt over 5y) · -40.2% off its 52-week high
Composite 83.9 Mkt Cap 8,306 cr · Small P/E 16.33 ROCE 83.2% Piotroski 4/9
new call this session
P/E in the 5th percentile of its own 3-year range · ROCE 19.4% (up 4.4pt over 5y) · -28.6% off its 52-week high
Composite 80.4 Mkt Cap 6,739 cr · Small P/E 14.72 ROCE 19.4% Piotroski 4/9
new call this session
Highly Volatile
P/E in the 62th percentile of its own 3-year range · ROCE 12.4% (up 9.4pt over 5y) · -25.7% off its 52-week high
Composite 58.8 Mkt Cap 1,802 cr · Micro P/E 29.62 ROCE 12.4% Piotroski 2/9
new call this session
Highly Volatile
P/E in the 34th percentile of its own 3-year range · ROCE 8.04% (up 2.0pt over 5y)
Composite 57.5 Mkt Cap 1,423 cr · Micro P/E 18.59 ROCE 8.04% Piotroski 4/8

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.