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The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Tue, 13 Oct 2026
1421 companies · 1442 sector slots · 20 sectors · 28 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

Vadilal Industries' revised related-party distribution pact faces a genuinely contested shareholder vote on Oct 27.

Vadilal's board approved a revised 12-month supply pact with related party Vadilal Enterprises Ltd (which accounts for the large majority of FY26 revenue) covering Nov 2026-Oct 2027, after the prior 10-year agreement lapsed Oct 1 for lack of the required public-shareholder approval. An EGM is set for Oct 27 to seek that SEBI LODR sign-off, but non-promoter shareholders rejected a similarly structured related-party renewal by 99.49% at September's AGM -- a strong signal this vote is genuinely at risk, not a formality, for a company whose revenue is this concentrated in one distribution channel.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 22,721.95 ▲ +358.60 ▲ +1.60% 19.41 2.79
Nifty Next 50 68,927.95 ▲ +576.25 ▲ +0.84% 18.06 3.31
Nifty 500 22,090.00 ▲ +267.25 ▲ +1.22% 21.76 3.10
Nifty Bank 55,481.05 ▲ +563.05 ▲ +1.03% 13.15 1.67
NIFTY Midcap 100 59,459.20 ▲ +624.65 ▲ +1.06% 28.04 3.78
▲ 1618 advancing ■ 33 unchanged ▼ 1036 declining of 2687 equities, vs the 2026-10-12 close
Cash market, ₹ crore
FII / FPI net
▼ -1,305.13
bought 13,465 · sold 14,771
DII net
▲ +2,439.24
bought 16,233 · sold 13,794
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261013 (levels, index P/E and P/B) and the full-market bhavcopy (breadth).

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

Sector performance

This session's index move, next to the desk's standing stance. The stance is a valuation-and-quality reading over years — it does not move because an index had a good day. Sectors with no listed NSE index show — for the session columns; the stance still applies.

SectorIndexSession Idx P/EStance
Information Technology Nifty IT · 14 researched 29,830.10 ▲ +5.22% 18.5 WATCH
Realty Nifty Realty · 4 researched 829.95 ▲ +2.46% 35.1 WATCH
Financial Services Nifty Financial Services · 12 researched 25,228.55 ▲ +1.46% 15.5 WATCH
FMCG Nifty FMCG · 8 researched 44,731.15 ▲ +1.40% 31.0 WATCH
Automobiles Nifty Auto · 33 researched 25,391.85 ▲ +1.23% 29.5 WATCH
Metals & Mining Nifty Metal · 17 researched 12,088.25 ▲ +1.15% 15.9 WATCH
Hospitality & Tourism Nifty India Tourism · 9 researched 7,480.60 ▲ +1.08% 85.2 ACCUMULATE
Banks Nifty Bank · 5 researched 55,481.05 ▲ +1.03% 13.2 WATCH
Energy & Power Nifty Energy · 16 researched 35,975.90 ▲ +0.33% 14.2 WATCH
Healthcare & Hospitals Nifty Healthcare Index · 11 researched 15,860.65 ▲ +0.08% 41.3 WATCH
Pharmaceuticals Nifty Pharma · 26 researched 26,075.00 ▼ -0.01% 40.3 WATCH
Chemicals no listed index · 9 researched — — — ACCUMULATE
Capital Goods no listed index · 17 researched — — — WATCH
Commercial Services no listed index · 6 researched — — — WATCH
Construction & Materials no listed index · 11 researched — — — WATCH
Logistics & Transport no listed index · 6 researched — — — WATCH
Packaging & Plastics no listed index · 2 researched — — — WATCH
Retail & Consumer no listed index · 4 researched — — — WATCH
Telecom & Media no listed index · 5 researched — — — WATCH
Textiles & Apparel no listed index · 6 researched — — — WATCH

Movers in the universe

Largest moves among the 1413 tracked names this session, against the 2026-10-12 close.

CompanyCallPrev CloseMove
Shringar House of Mangalsutra Ltd SHRINGARMS HOLD ₹265.35 ₹310.85 ▲ +17.15%
Hathway Cable & Datacom Ltd HATHWAY HOLD ₹9.70 ₹11.15 ▲ +14.95%
Vikran Engineering Ltd VIKRAN AVOID ₹55.66 ₹62.76 ▲ +12.76%
PNC Infratech Ltd PNCINFRA AVOID ₹138.26 ₹155.44 ▲ +12.43%
Uttam Sugar Mills Ltd UTTAMSUGAR HOLD ₹337.80 ₹374.15 ▲ +10.76%
Beta Drugs Ltd BETA HOLD ₹1,844.30 ₹1,677.70 ▼ -9.03%
Park Medi World Ltd PARKHOSPS BUY ₹254.55 ₹235.55 ▼ -7.46%
RBL Bank Ltd RBLBANK AVOID ₹417.70 ₹388.05 ▼ -7.10%
Venus Pipes & Tubes Ltd VENUSPIPES HOLD ₹2,142.60 ₹2,000.00 ▼ -6.66%
PC Jeweller Ltd PCJEWELLER HOLD ₹15.00 ₹14.10 ▼ -6.00%

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 (1)

Published this session (4)

new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 3.92/5 including quality and value — the rare combination.
new
Good business, bad price today (Value 2/5) — PEG 2.01; P/E cheaper than 20% of sector peers (P/E 25.91); EV/EBITDA 14.5, B/M 0.213. Watch for a better entry.
new
Good business, bad price today (Value 2/5) — PEG 2.19; P/E cheaper than 35% of sector peers (P/E 32.62); EV/EBITDA 19.9, B/M 0.233. Watch for a better entry.
new
Good business, bad price today (Value 1/5) — PEG 0.83; P/E cheaper than 33% of sector peers (P/E 40.41); EV/EBITDA 32.1, B/M 0.108. Watch for a better entry.

Awaiting a second session (14)

TickerClosePublished PendingNote
ABBOTINDIA ₹25,695.00 QUALITY-WAIT → HOLD if next session holds
AEGISLOG ₹1,392.00 QUALITY-WAIT → HOLD if next session holds
ARTEMISMED ₹311.35 HOLD → QUALITY-WAIT if next session holds
ARVIND ₹514.60 HOLD → BUY if next session holds
DLF ₹664.80 HOLD → QUALITY-WAIT if next session holds
DPABHUSHAN ₹2,324.00 HOLD → BUY if next session holds
INTERARCH ₹1,606.50 QUALITY-WAIT → HOLD if next session holds
JLHL ₹242.05 QUALITY-WAIT → BUY if next session holds
KALYANKJIL ₹571.00 QUALITY-WAIT → HOLD if next session holds
KINGFA ₹6,477.50 QUALITY-WAIT → HOLD if next session holds
NRBBEARING ₹514.00 BUY → HOLD if next session holds
PFIZER ₹4,053.50 HOLD → QUALITY-WAIT if next session holds
SKYGOLD ₹978.25 QUALITY-WAIT → HOLD if next session holds
VSSL ₹364.25 HOLD → QUALITY-WAIT if next session holds

Top Stories

GPPL's port concession extension advances on a GMB comfort letter, but remains conditional Logistics & Transport

Gujarat Maritime Board issued a comfort letter (around Aug 26, 2026) letting Gujarat Pipavav Port proceed toward extending its concession past September 2028, but the extension still requires GPPL to submit a full performance record and investment plan within a 90-day window running to roughly late November. Official statements diverge -- Gujarat's principal secretary says there will be no delay in deciding the extension, while GMB's own CEO says no decision has been taken -- and GPPL has clarified its Rs 17,000cr MoU with GMB is non-binding and contingent on the extension. Nothing here resolves the question either way; the 90-day window has not closed.

GPPL

IRDAI's insurance commission-cap proposal remains at consultation stage, comments close Oct 25 Financial Services

IRDAI's Sept 23 consultation paper proposing to cap first-year insurance distribution commissions at 20-25%, stepping down to 12.5% within five years, is still open for comment until Oct 25, 2026, with brokers (IBAI) warning of a 60-70% revenue hit if adopted as drafted. A further draft-regulation consultation round would still follow before any final rule takes effect (targeted Jan or Apr 2027), so whether the caps survive industry pushback, or are watered down, remains unresolved.

HDFCLIFE · MFSL · LTF

Aavas Financiers' CFO/CRO exodus and rating watch remain unresolved Financial Services

ICRA and CARE placed Aavas Financiers' AA ratings (including an Rs 800cr NCD programme and Rs 13,521.92cr of rated instruments) on 'Watch with Developing Implications' after the President & CFO and President & Chief Risk Officer resigned effective Sept 21, 2026 -- the third and fourth senior exits since the MD/CEO departed in April and the chief business officer in May. Q1 FY27 results were strong (net profit +23% YoY, GNPA 1.11%), but no permanent CFO/CRO replacements or rating resolution have surfaced in this session's search.

AAVAS

Star Cement's FY27 guidance cut to 8-9% volume growth confirmed; management eyes a Q3 recovery Construction & Materials

Broker notes following Star Cement's Q1 FY27 call confirm management lowered FY27 cement volume growth guidance to 8-9% (from 10-12%, sources disagree on the original figure) after Assam floods cut July volumes by a reported 12% in a region that is roughly 60% of its market. Management guided to a return to double-digit growth from Q3 FY27 and kept capex plans (Rs 500cr FY27, Rs 1,500cr FY28) intact, but nothing in this session's search confirms whether that recovery is actually materializing.

STARCEMENT

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 1 sector with a researched catalyst. The other 19 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 · 14 researched WATCH 60.5 58.9 78.5 35.0 — ▲ +5.22% 18.5 0/10/56/9
Banks 40 scanned · 5 researched WATCH 46.3 37.8 52.3 59.0 — ▲ +1.03% 13.2 1/0/30/9
Pharmaceuticals 88 scanned · 26 researched WATCH 48.7 25.5 71.5 72.5 — ▼ -0.01% 40.3 0/16/59/13
Automobiles 109 scanned · 33 researched WATCH 57.2 43.2 78.3 59.6 — ▲ +1.23% 29.5 12/20/66/11
FMCG 105 scanned · 8 researched WATCH 58.4 61.0 68.8 46.6 -0 ▲ +1.40% 31.0 0/20/66/19
Metals & Mining 83 scanned · 17 researched WATCH 56.2 48.0 67.5 59.2 — ▲ +1.15% 15.9 6/11/47/19
Realty 39 scanned · 4 researched WATCH 54.2 62.8 52.0 34.8 — ▲ +2.46% 35.1 1/1/15/22
Energy & Power 84 scanned · 16 researched WATCH 58.2 56.0 63.5 55.3 — ▲ +0.33% 14.2 0/7/44/33
Financial Services 149 scanned · 5 ranked elsewhere · 12 researched WATCH 53.0 59.4 44.5 50.2 — ▲ +1.46% 15.5 0/3/96/50
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 11 researched WATCH 57.6 46.0 73.0 62.8 — ▲ +0.08% 41.3 3/11/40/5
Hospitality & Tourism 38 scanned · 9 researched ACCUMULATE 65.3 71.4 69.0 42.6 — ▲ +1.08% 85.2 2/6/20/10
Chemicals 102 scanned · 9 researched ACCUMULATE 62.6 62.6 67.8 53.8 — — — 2/11/62/27
Construction & Materials 126 scanned · 11 researched WATCH 61.0 69.2 61.6 38.2 — — — 0/11/73/42
Capital Goods 103 scanned · 17 researched WATCH 53.6 35.4 79.0 59.8 — — — 8/14/62/19
Textiles & Apparel 47 scanned · 6 researched WATCH 56.0 50.0 62.6 61.0 — — — 3/3/27/14
Retail & Consumer 66 scanned · 4 researched WATCH 58.0 51.5 68.3 58.0 — — — 1/12/34/19
Packaging & Plastics 33 scanned · 2 researched WATCH 57.5 49.2 65.3 66.6 — — — 1/5/18/9
Logistics & Transport 26 scanned · 6 researched WATCH 48.0 33.9 69.3 50.2 — — — 0/3/16/7
Telecom & Media 33 scanned · 5 researched WATCH 52.6 50.0 59.8 47.6 — — — 3/2/14/14
Commercial Services 37 scanned · 6 researched WATCH 52.8 50.0 52.5 61.0 — — — 0/2/20/15

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.

P/E in the 8th percentile of its own 3-year range · Piotroski 7/9
Composite 88.4 Mkt Cap 56,593 cr · Large P/E 45.1 ROCE 27.3% Piotroski 7/9
P/E in the 11th percentile of its own 3-year range · ROCE 19.2% (up 12.2pt over 5y)
Composite 87.3 Mkt Cap 281,209 cr · Large P/E 126.64 ROCE 19.2% Piotroski 5/9
new call this session
P/E in the 65th percentile of its own 3-year range · ROCE 34.4% (up 10.4pt over 5y)
Composite 72.8 Mkt Cap 18,475 cr · Mid P/E 25.39 ROCE 34.4% Piotroski 6/9
new call this session
P/E in the 41th percentile of its own 3-year range · ROCE 16.8% (up 0.8pt over 5y) · Piotroski 7/9
Composite 62.9 Mkt Cap 20,661 cr · Mid P/E 25.91 ROCE 16.8% Piotroski 7/9
new call this session
P/E in the 6th percentile of its own 3-year range · ROCE 25.3% (up 16.3pt over 5y) · Piotroski 7/9
Composite 78.6 Mkt Cap 6,377 cr · Small P/E 17.15 ROCE 25.3% Piotroski 7/9
new call this session
P/E in the 0th percentile of its own 3-year range · ROCE 16.6% (up 3.6pt over 5y) · Piotroski 8/9
Composite 76.7 Mkt Cap 6,811 cr · Small P/E 18.04 ROCE 16.6% Piotroski 8/9
new call this session
Highly Volatile
P/E in the 98th percentile of its own 3-year range · ROCE 32.3% (up 20.3pt over 5y)
Composite 64.7 Mkt Cap 3,663 cr · Micro P/E 40.41 ROCE 32.3% Piotroski 4/8
new call this session
Highly Volatile
-69.0% off its 52-week high
Composite 56.0 Mkt Cap 1,017 cr · Micro P/E 15.42 ROCE 5.65% Piotroski 3/9

Lens Weights Recalibrated

Every Sunday, each lens's weight is re-tilted from its prior on all evidence to date of whether its ratings predicted subsequent returns, measured separately within each cap tier (data/lens_ic.json). Thin evidence moves a weight a little, a consistent edge more -- see METHODOLOGY.md. Every past change stays on the record in data/lens_weight_changes.json.

TierLensWeightt-stat Hit rateWeeks measured
Large Quality 1.4091 → 1.3442 -0.421659%8.2
Large Financial Health 1.979 → 1.91 1.227363%8.2
Large Value 1.1404 → 1.0512 -0.506656%8.2
Large Earnings Quality 1.2998 → 1.3139 1.475771%8.2
Large Growth Outlook 0.861 → 0.7981 -0.009759%4.4
Large Momentum 0.6138 → 0.6029 0.875468%8.2
Mid Quality 1.3032 → 1.3663 -0.360454%8.2
Mid Financial Health 1.8378 → 1.9321 1.313266%8.2
Mid Value 1.113 → 1.1381 -0.207161%8.2
Mid Earnings Quality 0.9049 → 0.9127 -0.35354%8.2
Mid Growth Outlook 0.7399 → 0.5795 -1.240286%1.4
Mid Momentum 0.6691 → 0.6902 1.995976%8.2
Small Quality 1.8524 → 1.8341 0.958256%6.4
Small Financial Health 1.7831 → 1.6513 0.409250%6.4
Small Value 1.1041 → 1.0405 -0.544759%6.4
Small Earnings Quality 0.8708 → 0.7647 -1.021559%6.4
Small Growth Outlook 1.0057 → 0.9895 1.029979%2.8
Small Momentum 0.6938 → 0.7136 2.543278%6.4
Micro Quality 1.9052 → 1.9961 1.590978%6.4
Micro Financial Health 1.7684 → 1.8473 1.002462%6.4
Micro Value 1.0792 → 1.0396 -0.547859%6.4
Micro Earnings Quality 1.0287 → 0.9775 -0.089953%6.4
Micro Growth Outlook 0.7073 → 0.6162 -0.993378%3.6
Micro Momentum 0.7238 → 0.7275 3.055391%6.4

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.