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The Close · The Open · The Long Desk · Archive · Research
Fri, 28 Aug 2026
1443 companies · 1464 sector slots · 21 sectors · long-term lens

Trend Spotlight

RBI holds repo rate at 5.25%, raises FY27 growth forecast to 6.7% and trims its inflation estimate to 5.0%.

All six MPC members voted to hold at the August review, with Governor Malhotra calling the stance 'neither dovish nor hawkish' pending a clearer inflation signal; the next meeting is October 5-7. The upgraded growth call and lower inflation estimate are broadly supportive for equities on a multi-year view, but the rupee remains down ~8.4% year-on-year and Brent's mid-August spike to $95.40/bbl -- even after easing to $88.29 by Aug 28 -- is a reminder that imported-inflation risk has not gone away.

Sources: finnovate.in · forbesindia.com

Arrived overnight

Fii/dii cash flows and the official index p/e published after The Close went out, and are included below. The evening report names what it is still waiting for, so nothing appears without having been declared missing first.

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 (53)

HOLD
new
Mixed signal (avg 3.62/5 across available lenses) — no strong edge either way.
QUALITY-WAIT
new
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 44% of sector peers (P/E 39.56); EV/EBITDA 40.1, B/M 0.074. Watch for a better entry.
BUY
new
Average rating 3.75/5 including quality and value — the rare combination.
BUY
new
Average rating 4.0/5 including quality and value — the rare combination.
QUALITY-WAIT
new
Good business, bad price today (Value 2/5) — PEG 1.11; P/E cheaper than 20% of sector peers (P/E 25.13); EV/EBITDA 17.1, B/M 0.139. Watch for a better entry.
HOLD
new
Mixed signal (avg 3.62/5 across available lenses) — no strong edge either way.
HOLD
new
Mixed signal (avg 2.75/5 across available lenses) — no strong edge either way.
HOLD
new
Mixed signal (avg 2.5/5 across available lenses) — no strong edge either way.
HOLD
new
Mixed signal (avg 3.67/5 across available lenses) — no strong edge either way.
BUY
new
Mixed signal (avg 3.62/5 across available lenses) — no strong edge either way.
BUY
new
Average rating 4.17/5 including quality and value — the rare combination.
QUALITY-WAIT
new
Good business, bad price today (Value 2/5) — PEG 1.55; P/E cheaper than 50% of sector peers (P/E 27.86); EV/EBITDA 26.6, B/M 0.117. Watch for a better entry.

and 41 more.

Awaiting a second session (24)

HOLD
→ BUY if it holds
Average rating 3.86/5 including quality and value — the rare combination.
BUY
→ HOLD if it holds
Mixed signal (avg 3.38/5 across available lenses) — no strong edge either way.
AVOID
→ HOLD if it holds
Mixed signal (avg 2.5/5 across available lenses) — no strong edge either way.
BUY
→ HOLD if it holds
Mixed signal (avg 3.67/5 across available lenses) — no strong edge either way.
BUY
→ HOLD if it holds
Mixed signal (avg 3.67/5 across available lenses) — no strong edge either way.
BUY
→ HOLD if it holds
Mixed signal (avg 3.62/5 across available lenses) — no strong edge either way.
HOLD
→ QUALITY-WAIT if it holds
Good business, bad price today (Value 2/5) — PEG 5.71; P/E cheaper than 40% of sector peers (P/E 45.68); EV/EBITDA 28.5, B/M 0.166. Watch for a better entry.
HOLD
→ BUY if it holds
Average rating 3.83/5 including quality and value — the rare combination.
BUY
→ HOLD if it holds
Mixed signal (avg 3.67/5 across available lenses) — no strong edge either way.
HOLD
→ BUY if it holds
Average rating 3.75/5 including quality and value — the rare combination.
AVOID
→ HOLD if it holds
Mixed signal (avg 2.5/5 across available lenses) — no strong edge either way.
BUY
→ HOLD if it holds
Mixed signal (avg 3.5/5 across available lenses) — no strong edge either way.

and 12 more.

Reporting today

NSE's event calendar could not be read, so no results schedule is shown for this session.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 24,175.65 ▲ +84.80 ▲ +0.35% 20.44 2.93
Nifty Next 50 74,159.15 ▼ -188.30 ▼ -0.25% 19.60 3.30
Nifty 500 23,528.55 ▲ +46.55 ▲ +0.20% 22.86 3.28
Nifty Bank 57,496.30 ▼ -13.65 ▼ -0.02% 13.60 1.72
NIFTY Midcap 100 64,069.50 ▲ +34.05 ▲ +0.05% 30.88 4.43
▲ 1348 advancing ■ 38 unchanged ▼ 1230 declining of 2616 equities, vs the 2026-08-27 close
Cash market, ₹ crore
FII / FPI net
▼ -5,039.80
bought 13,264 · sold 18,303
DII net
▲ +5,183.93
bought 16,539 · sold 11,355
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20260828 (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 — the FIRST call made on each standing name, against its call today. Entry price is the close on the day of that first call, read from the cached bhavcopy for that date. "Unchanged" means the original call still stands.

CompanyFirst flaggedVerdict then Verdict nowAt flagNow Move
Goodluck India LtdGOODLUCK Tue, 18 Aug 2026 BUY HOLD ₹1,330.00 ₹449.90 ▼ -66.2%
PVP Ventures LtdPVP Tue, 18 Aug 2026 AVOID unchanged ₹40.20 ₹65.22 ▲ +62.2%
TD Power Systems LtdTDPOWERSYS Tue, 18 Aug 2026 HOLD unchanged ₹1,586.60 ₹752.70 ▼ -52.6%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID unchanged ₹341.95 ₹487.80 ▲ +42.7%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD unchanged ₹17.13 ₹11.20 ▼ -34.6%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD unchanged ₹388.95 ₹517.75 ▲ +33.1%
Welspun Corp LtdWELCORP Wed, 5 Aug 2026 BUY QUALITY-WAIT ₹1,788.10 ₹2,373.80 ▲ +32.8%
Wonder Electricals LtdWEL Tue, 18 Aug 2026 HOLD unchanged ₹146.24 ₹99.80 ▼ -31.8%
Kennametal India LtdKENNAMET Tue, 18 Aug 2026 HOLD unchanged ₹3,502.20 ₹4,580.30 ▲ +30.8%
Marsons LtdMARSONS Tue, 18 Aug 2026 HOLD QUALITY-WAIT ₹102.31 ₹133.17 ▲ +30.2%
Federal-Mogul Goetze (India) LtdFMGOETZE Tue, 18 Aug 2026 BUY unchanged ₹462.65 ₹602.05 ▲ +30.1%
Omaxe LtdOMAXE Tue, 18 Aug 2026 AVOID unchanged ₹101.93 ₹131.74 ▲ +29.2%

1431 more standing calls with history are not shown — this table is the 12 that have moved most since we flagged them.

Source: data/state.json (call memory) × data/prices/<date>.json.

Top Stories

Godrej Consumer confirms Sitapati's exit was a clean handover to CFO Malbari, but the reason for its abrupt timing stays undisclosed. FMCG

Sitapati's resignation took effect Aug 11, ending a term that had just been extended to Oct 2031, five years early; he said in his resignation letter he had completed the task he set for himself. CFO Aasif Malbari, a 30+ year FMCG/auto veteran, was named MD & CEO the same day. The stock fell ~9.8% on the news. No source has surfaced a regulatory, related-party or compliance issue behind the exit -- the resignation letter's stated reason is still the only account on record.

GODREJCP
Sources: exchange4media.com · business-standard.com

DLF's Q1 pre-sales collapsed 94% YoY on zero new launches, but management held its Rs 20,000cr FY27 target on a deferred pipeline. Realty

DLF booked just Rs 657cr of pre-sales in Q1 FY27, almost all of it from one ultra-luxury project (The Dahlias), after launching no new housing project in the quarter. Net profit still rose 4% YoY to Rs 794cr. Management reaffirmed the Rs 20,000cr FY27 target on the earnings call, pointing to a pipeline including DLF City, Arbour Senior Living, Westpark Phase 2 and a Goa launch -- H1 FY27 pre-sales data next quarter is the real test of whether that pipeline delivers.

DLF
Sources: business-standard.com · cofacto.ai

HCLTech ends a three-year mega-deal drought with a $1.14bn AI contract and closes the HPE Telco acquisition. Information Technology

HCLTech won a $1.14bn AI-led transformation deal with an unnamed European Fortune Global 50 client -- its largest since the 2023 Verizon contract -- and closed the up-to-$160m HPE Telco Solutions Business acquisition on Aug 1. Q1 FY27 net new bookings hit a record $2.4bn, with Advanced AI revenue up 62.1% YoY in constant currency.

HCLTECH
Sources: nearshoreamericas.com · hcltech.com

TARIL enters the nuclear sector with a first-ever NPCIL order and a record order book, even as its unresolved World Bank fraud debarment remains a live overhang.

TARIL's unexecuted order book hit a record Rs 6,630cr (+26% YoY) on order inflow up 218% YoY, and it just secured its first-ever nuclear-sector order (NPCIL's Kaiga project) plus an earlier >Rs 1,000cr PGCIL win. Set against that: the World Bank debarred TARIL in Nov 2025 for fraudulent and corrupt practices on a Nigeria grid contract; it was later removed from the public debarred-firms list pending a formal response, but no confirmed final resolution has surfaced, and the underlying finding stands.

TARIL
Sources: business-standard.com · english.khabarpatri.com · clearygottlieb.com

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 4 sectors with a researched catalyst. The other 17 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 60.9 61.0 78.7 45.6 +0 ▲ +3.51% 20.0 9/11/48/7
Banks 40 scanned · 11 researched AVOID 42.1 22.3 52.3 67.2 +0 ▼ -0.02% 13.6 6/1/27/6
Pharmaceuticals 85 scanned · 7 researched AVOID 43.9 18.9 72.0 63.6 — ▲ +0.53% 41.8 14/22/39/10
Automobiles 109 scanned · 5 researched WATCH 46.5 18.4 78.3 68.2 — ▼ -0.11% 33.5 35/27/36/11
FMCG 106 scanned · 3 researched WATCH 55.0 50.0 68.3 52.9 +0 ▼ -0.46% 32.5 10/22/58/16
Metals & Mining 82 scanned · 3 researched WATCH 46.8 26.9 68.2 64.5 — ▲ +0.75% 16.5 15/13/36/18
Realty 39 scanned · 2 researched WATCH 51.3 50.0 52.0 55.4 +0 ▼ -0.08% 38.6 2/3/14/20
Energy & Power 82 scanned · 2 researched WATCH 53.0 42.4 63.8 63.4 — ▼ -0.26% 14.7 13/10/29/30
Financial Services 150 scanned · 5 ranked elsewhere · 1 researched WATCH 50.5 50.0 44.2 62.2 — ▲ +0.02% 16.1 14/7/96/33
Healthcare & Hospitals 57 scanned · 16 ranked elsewhere · 1 researched WATCH 46.1 21.8 74.6 63.6 — ▲ +0.54% 44.0 12/18/22/5
Hospitality & Tourism 37 scanned · 3 researched ACCUMULATE 62.1 66.0 69.5 39.6 — ▼ -1.10% 89.1 8/7/12/10
Chemicals 101 scanned · 1 researched WATCH 57.9 50.0 68.7 61.0 — — — 13/16/49/23
Construction & Materials 126 scanned WATCH 59.9 64.5 62.3 43.6 — — — 11/13/64/38
Capital Goods 103 scanned · 2 researched WATCH 48.4 24.3 78.1 63.2 — — — 13/19/57/14
Textiles & Apparel 48 scanned · 1 researched WATCH 52.5 42.2 62.0 64.0 — — — 10/6/18/14
Retail & Consumer 67 scanned WATCH 58.8 50.0 68.4 66.2 — — — 5/11/35/16
Packaging & Plastics 34 scanned WATCH 53.4 39.5 65.3 70.7 — — — 8/5/13/8
Logistics & Transport 25 scanned AVOID 44.7 21.4 70.0 64.8 — — — 8/4/6/7
Telecom & Media 29 scanned WATCH 53.4 50.0 60.3 51.0 — — — 6/1/11/11
Commercial Services 29 scanned WATCH 59.1 61.0 52.8 64.8 — — — 4/2/11/12
Diversified & Other 40 scanned WATCH 45.4 30.6 59.5 61.0 — — — 3/6/17/14

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

Stocks to Watch

Split 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 had only 0 names to show — backfilled from other tiers. Each shows the figures that selected it — open the desk for the full six-lens panel.

HOLD
new call this session
P/E in the 13th percentile of its own 3-year range · ROCE 40.0% (up 5.0pt over 5y) · -32.3% off its 52-week high
Composite 73.3 Mkt Cap 465,183 cr · Large P/E 14.91 ROCE 40.0% Piotroski 6/9
HOLD
new call this session
P/E in the 8th percentile of its own 3-year range · ROCE 14.8% (up 6.8pt over 5y) · Piotroski 7/9
Composite 80.6 Mkt Cap 49,982 cr · Mid P/E 56.07 ROCE 14.8% Piotroski 7/9
BUY
new call this session
ROCE 18.8% (up 22.8pt over 5y)
Composite 79.8 Mkt Cap 6,695 cr · Small P/E 25.24 ROCE 18.8% Piotroski 4/9
BUY
new call this session
composite 78.3 on growth, quality, timing, valuation
Composite 78.3 Mkt Cap 6,559 cr · Small P/E 23.35 ROCE 15.7% 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.