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Mon, 19 Oct 2026
1414 companies · 1435 sector slots · 20 sectors · 35 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

RBI raises the repo rate to 5.50% and shifts to a 'calibrated tightening' stance, its first hike since February 2023.

The MPC's October 5-7 meeting lifted the repo rate 25bps to 5.50%, with two of six members dissenting in favour of holding neutral; the move follows September CPI accelerating to 5.54% (from 4.83% in August) on a food-price spike. For a long-term holder, a stance shift to calibrated tightening — not just one hike — raises the real cost of capital across every rate-sensitive sector (NBFCs, realty, auto financing) and signals the central bank now treats inflation, not growth, as the binding constraint, even with RBI's own FY27 GDP forecast unchanged at 7.1%.

Day ahead

RBI's Oct 7 hawkish turn and a hotter-than-expected September CPI print set the backdrop; no verifiable overnight India futures level found for this morning.

The MPC's 25bps repo hike to 5.50% and its shift to 'calibrated tightening' (Oct 7) is now compounded by September CPI accelerating to 5.54% y/y -- the highest since October 2024, on a food-price spike (onions +108% y/y) -- with sources split on whether it beat or missed consensus. Governor Malhotra has ruled out a near-term cut; the next MPC meets Dec 2-4. Globally, the US Fed's Oct 27-28 FOMC is genuinely split between a hold and another 25bp hike (fed funds currently 3.75-4.00%), and no reliable GIFT Nifty/SGX Nifty level or fresh Wall Street close could be confirmed for Oct 20-21 -- the most recent verifiable US close found was Oct 9. Flagging this gap rather than guessing a number.

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 (2)

Published this session (11)

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 4.34/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.04/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.02/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.07/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.85/5 including quality and value — the rare combination.
new
Good business, bad price today (Value 1/5) — PEG 0.82; P/E cheaper than 39% of sector peers (P/E 36.72); EV/EBITDA 25.5, B/M 0.143. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 50% of sector peers (P/E 44.71); EV/EBITDA 28.4, B/M 0.137. Watch for a better entry.
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 0.22; P/E cheaper than 38% of sector peers (P/E 28.18); EV/EBITDA 19.8, B/M 0.098. Watch for a better entry.
new
Mixed signal (weighted avg 3.49/5 across available lenses) — no strong edge either way.

Awaiting a second session (28)

TickerClosePublished PendingNote
ALGOQUANT ₹72.83 HOLD → QUALITY-WAIT if next session holds
ARVIND ₹509.10 BUY → HOLD if next session holds
BEL ₹377.20 BUY → HOLD if next session holds
BHEL ₹427.35 QUALITY-WAIT → HOLD if next session holds
CAMPUS ₹199.44 BUY → HOLD if next session holds
CARTRADE ₹3,032.90 BUY → HOLD if next session holds
DCBBANK ₹210.38 HOLD → BUY if next session holds
EMMVEE ₹270.10 BUY → HOLD if next session holds
FUSION ₹150.65 AVOID → HOLD if next session holds
GANESHHOU ₹677.45 HOLD → BUY if next session holds
GULFOILLUB ₹1,061.30 QUALITY-WAIT → HOLD if next session holds
HAL ₹4,959.00 BUY → HOLD if next session holds
ICICIGI ₹1,650.00 AVOID → HOLD if next session holds
INDIAMART ₹1,595.80 BUY → HOLD if next session holds
JUBLINGREA ₹623.70 HOLD → BUY if next session holds
KIRLPNU ₹615.35 BUY → HOLD if next session holds
METROPOLIS ₹519.10 HOLD → QUALITY-WAIT if next session holds
MIDWESTLTD ₹1,129.35 HOLD → QUALITY-WAIT if next session holds
PREMIERENE ₹899.00 BUY → HOLD if next session holds
REDTAPE ₹111.32 BUY → HOLD if next session holds
RPGLIFE ₹2,843.00 QUALITY-WAIT → HOLD if next session holds
SHARDAMOTR ₹868.10 BUY → HOLD if next session holds
SHILPAMED ₹876.20 QUALITY-WAIT → HOLD if next session holds
SKIPPER ₹520.85 BUY → HOLD if next session holds
TENNIND ₹449.95 BUY → HOLD if next session holds
VSSL ₹369.00 HOLD → QUALITY-WAIT if next session holds
VTL ₹527.95 BUY → HOLD if next session holds
WAAREERTL ₹826.20 BUY → HOLD if next session holds

Reporting today

No tracked name reports today.

Coming up

Source: NSE event calendar, filtered to the 1414 tracked names.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 22,888.95 ▼ -257.20 ▼ -1.11% 19.33 2.81
Nifty Next 50 68,695.85 ▼ -292.75 ▼ -0.42% 17.93 3.30
Nifty 500 22,041.60 ▼ -228.45 ▼ -1.03% 21.50 3.09
Nifty Bank 55,488.10 ▼ -355.90 ▼ -0.64% 12.82 1.67
NIFTY Midcap 100 58,487.95 ▼ -641.80 ▼ -1.09% 27.35 3.72
▲ 487 advancing ■ 24 unchanged ▼ 2173 declining of 2684 equities, vs the 2026-10-16 close
Cash market, ₹ crore
FII / FPI net
▼ -1,148.64
bought 11,241 · sold 12,389
DII net
▲ +3,201.19
bought 14,781 · sold 11,580
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261019 (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 630 40 ▼ -0.3% ▲ +0.0% 50%
QUALITY-WAIT 492 139 ▼ -2.2% ▼ -1.1% 38%
HOLD 1783 839 ▼ -1.8% ▼ -0.3% 47%
AVOID 854 358 ▼ -1.2% ▼ -0.5% 44%
CompanyCalled sinceCall Previous callAt callNow Movevs Nifty 500
PC Jeweller LtdPCJEWELLER Tue, 18 Aug 2026 HOLD — ₹9.62 ₹18.13 ▲ +88.5% ▲ +94.6%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID — ₹341.95 ₹624.40 ▲ +82.6% ▲ +88.7%
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD — ₹625.00 ₹1,130.60 ▲ +80.9% ▲ +87.0%
SBC Exports LtdSBC Tue, 18 Aug 2026 HOLD — ₹38.66 ₹64.50 ▲ +66.8% ▲ +72.9%
Shanti Gold International LtdSHANTIGOLD Tue, 18 Aug 2026 HOLD — ₹253.85 ₹414.65 ▲ +63.3% ▲ +69.4%
STL Networks LtdSTLNETWORK Tue, 18 Aug 2026 AVOID — ₹25.68 ₹41.06 ▲ +59.9% ▲ +66.0%
D.P. Abhushan LtdDPABHUSHAN Tue, 18 Aug 2026 HOLD — ₹1,457.20 ₹2,302.70 ▲ +58.0% ▲ +64.1%
MV Electrosystems LtdMVELECTRO Tue, 18 Aug 2026 AVOID — ₹574.10 ₹891.25 ▲ +55.2% ▲ +61.3%
Media Matrix Worldwide LtdMMWL Tue, 18 Aug 2026 HOLD — ₹14.91 ₹23.07 ▲ +54.7% ▲ +60.8%
One Point One Solutions LtdONEPOINT Tue, 18 Aug 2026 HOLD — ₹56.25 ₹83.89 ▲ +49.1% ▲ +55.2%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD — ₹17.13 ₹6.63 ▼ -61.3% ▼ -55.2%
Kross LtdKROSS Tue, 18 Aug 2026 HOLD — ₹202.50 ₹297.55 ▲ +46.9% ▲ +53.0%

3759 calls scored since Wed, 5 Aug 2026: 1376 standing, 1771 closed when the desk changed the call, 612 closed when the name left coverage (at its last published close). 2029 of them are the call a name was given on entering coverage, not one the desk changed to. 1364 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 31 calls published this session are not scored yet — no session to move in. 24 have no cached close at one end of their window and are not scored. 10 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

IndiaMART's subscriber churn accelerates; Jefferies downgrades to Underperform Retail & Consumer

Nomura reports IndiaMART lost roughly 1,800 paying subscribers in Q1FY27 — up from 1,200 in Q4FY26 and 1,000 in Q3FY26, an escalating trend — while gross additions stayed anaemic. Jefferies cut its rating to Underperform (target Rs1,650, from Rs1,810) and DAM Capital also trimmed its target; the stock fell 7.5% intraday. Revenue and PAT still grew double digits YoY, so this reads as a credible but unconfirmed client-concentration trend rather than a confirmed guidance cut — worth watching against the stock's standing BUY call.

INDIAMART

PC Jeweller confirms debt-free status as all 14 lender banks issue no-dues letters Retail & Consumer

An October 8 exchange filing confirmed all 14 consortium banks have issued release/no-dues letters, making PC Jeweller debt-free, alongside a business update showing ~28% YoY revenue growth for the September quarter. Shares hit a 52-week high on October 16 after an investor bought a 0.52% stake via bulk deal. This is a genuine company-specific positive — not a sector-wide RETAIL catalyst — with Q2 results due October 21.

PCJEWELLER

ONGC guides to 39 MMT FY27 output, but has missed its own production targets for seven straight years Energy & Power

Management projects standalone output of 39 MMT in FY27 and 40 MMT in FY28 on a KG-DWN-98/2 gas ramp-up, after FY26 oil guidance was already cut to 19.8 million tonnes and the most recent quarter's oil and gas output both fell YoY on reservoir complexity. A Nuvama note flags that ONGC has not met its guided oil production in any of the past seven years — a real credibility discount on the BUY call's growth thesis, even with no client-loss or governance flag found.

ONGC

Foreign-vessel cabotage waiver for container transshipment was already rescinded, not merely facing an October expiry Logistics & Transport

India's Ministry of Ports, Shipping and Waterways rescinded the 2018 orders letting foreign-flag vessels carry transshipment cargo without a DG Shipping licence, effective around April 2026 by one account — months earlier than an analyst note's claimed October 2026 expiry. Adani Ports and the Container Shipping Lines Association have pushed for continuation or a Section 407(3) exemption, warning Vizhinjam (over 95% MSC-dependent) and JNPA could lose volume to foreign hubs, and MSC has signalled a possible exit from Vizhinjam. Current status is unconfirmed and this is single-sourced on the specific timeline — a real but uncertain negative for transshipment-exposed logistics names, distinct from GPPL's separate, still-unresolved concession-extension question.

ADANIPORTS

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 · 13 researched WATCH 57.5 61.6 78.5 35.0 -2 ▼ -1.28% 19.5 0/9/57/9
Banks 40 scanned · 5 researched WATCH 50.6 45.6 52.3 61.0 — ▼ -0.64% 12.8 0/0/31/9
Pharmaceuticals 88 scanned · 26 researched WATCH 49.4 28.3 71.5 68.6 — ▼ -0.65% 39.6 0/14/61/13
Automobiles 109 scanned · 30 researched WATCH 57.3 45.4 78.3 54.2 — ▼ -0.69% 29.7 12/16/70/11
FMCG 105 scanned · 10 researched WATCH 59.9 60.3 69.0 43.6 — ▼ -1.44% 30.4 0/20/66/19
Metals & Mining 81 scanned · 16 researched WATCH 55.3 48.5 67.5 53.0 — ▼ -0.55% 15.8 0/5/58/18
Realty 39 scanned · 2 researched WATCH 54.5 68.0 52.0 28.6 +0 ▼ -1.20% 34.5 1/2/14/22
Energy & Power 83 scanned · 12 researched WATCH 56.2 54.1 63.7 49.2 — ▼ -0.60% 14.2 4/7/40/32
Financial Services 148 scanned · 5 ranked elsewhere · 12 researched WATCH 57.8 70.0 44.7 46.9 — ▼ -1.58% 15.1 0/3/93/52
Healthcare & Hospitals 57 scanned · 16 ranked elsewhere · 11 researched WATCH 58.4 49.2 73.0 58.8 — ▼ -0.80% 40.5 4/9/39/5
Hospitality & Tourism 38 scanned · 8 researched ACCUMULATE 65.6 73.1 69.0 40.0 — ▼ -0.88% 85.4 3/5/20/10
Chemicals 102 scanned · 7 researched ACCUMULATE 63.3 65.3 67.8 50.3 — — — 2/10/62/28
Construction & Materials 125 scanned · 10 researched ACCUMULATE 64.3 75.8 61.8 37.6 — — — 4/11/70/40
Capital Goods 103 scanned · 16 researched WATCH 55.1 41.5 79.0 51.6 — — — 7/14/63/19
Textiles & Apparel 48 scanned · 5 researched WATCH 53.2 45.2 62.0 63.9 +0 — — 4/3/27/14
Retail & Consumer 65 scanned · 6 researched WATCH 55.9 50.0 68.4 57.2 +0 — — 2/9/35/19
Packaging & Plastics 33 scanned · 2 researched WATCH 58.9 50.0 65.3 71.8 — — — 1/4/19/9
Logistics & Transport 26 scanned · 6 researched WATCH 51.6 37.4 69.3 62.5 -0 — — 0/3/17/6
Telecom & Media 33 scanned · 3 researched WATCH 51.9 50.0 59.8 43.8 — — — 3/2/14/14
Commercial Services 37 scanned · 5 researched WATCH 55.0 57.7 52.5 52.0 — — — 0/1/21/15

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 11th percentile of its own 3-year range · ROCE 25.6% (up 7.6pt over 5y) · Piotroski 7/9
Composite 76.1 Mkt Cap 127,895 cr · Large P/E 8.25 ROCE 25.6% Piotroski 7/9
new call this session
unconfirmed: sector
P/E in the 3th percentile of its own 3-year range · ROCE 14.2% (up 5.2pt over 5y) · Piotroski 8/9
Composite 76.1 Mkt Cap 283,309 cr · Large P/E 6.48 ROCE 14.2% Piotroski 8/9
new call this session
P/E in the 6th percentile of its own 3-year range · ROCE 90.7% (up 39.7pt over 5y)
Composite 79.2 Mkt Cap 23,651 cr · Mid P/E 35.39 ROCE 90.7% Piotroski 6/8
new call this session
P/E in the 74th percentile of its own 3-year range · ROCE 59.3% (up 55.3pt over 5y) · Piotroski 8/9
Composite 70.5 Mkt Cap 22,544 cr · Mid P/E 28.18 ROCE 59.3% Piotroski 8/9
new call this session
P/E in the 1th percentile of its own 3-year range · ROCE 28.0% (down 11.0pt over 5y) · Piotroski 7/9
Composite 72.2 Mkt Cap 9,597 cr · Small P/E 19.43 ROCE 28.0% Piotroski 7/9
new call this session
P/E in the 16th percentile of its own 3-year range · ROCE 1.06% (up 1.1pt over 5y) · -29.1% off its 52-week high
Composite 71.8 Mkt Cap 14,042 cr · Small P/E 50.41 ROCE 1.06% Piotroski 6/8
new call this session
Highly Volatile
P/E in the 93th percentile of its own 3-year range · ROCE 32.3% (up 20.3pt over 5y)
Composite 67.5 Mkt Cap 3,499 cr · Micro P/E 38.6 ROCE 32.3% Piotroski 4/8
new call this session
Highly Volatile
P/E in the 88th percentile of its own 3-year range · ROCE 22.3% (up 16.3pt over 5y)
Composite 63.5 Mkt Cap 4,633 cr · Micro P/E 54.99 ROCE 22.3% Piotroski 6/9

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.