The Close

The Long Desk

The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Fri, 9 Oct 2026
1420 companies · 1441 sector slots · 20 sectors · 29 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

Rate-sensitive sectors extend their slide two sessions after RBI's hawkish stance shift, with Hospitality, Energy, Auto and Financial Services all closing lower again.

The RBI's Oct 7 move -- a 25bp hike to 5.50% paired with a shift from 'neutral' to 'calibrated tightening' -- is not new today, but it remains the clearest explanation for the broad red across rate-sensitive sectors this session. Nothing in today's evidence walks it back or adds a fresh macro data point (the next CPI print is due Oct 12); for a long-term holder this tightens the near-term cost-of-capital backdrop without yet changing the FY27 growth projection RBI itself gave (7.1%).

Sources: corplawupdates.in · outlookmoney.com · gktoday.in

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.

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 · 15 researched 28,574.90 ▲ +3.02% 18.0 WATCH
FMCG Nifty FMCG · 7 researched 44,864.25 ▲ +2.20% 31.1 WATCH
Automobiles Nifty Auto · 37 researched 24,859.90 ▲ +1.42% 28.9 WATCH
Banks Nifty Bank · 6 researched 55,256.65 ▲ +1.36% 13.1 WATCH
Financial Services Nifty Financial Services · 12 researched 24,968.50 ▲ +1.33% 15.3 WATCH
Hospitality & Tourism Nifty India Tourism · 9 researched 7,478.75 ▲ +1.17% 85.2 ACCUMULATE
Metals & Mining Nifty Metal · 19 researched 12,000.75 ▲ +1.10% 15.7 WATCH
Healthcare & Hospitals Nifty Healthcare Index · 9 researched 15,855.55 ▲ +1.09% 41.3 WATCH
Realty Nifty Realty · 4 researched 803.95 ▲ +0.92% 34.0 WATCH
Pharmaceuticals Nifty Pharma · 27 researched 25,962.05 ▲ +0.54% 40.2 WATCH
Energy & Power Nifty Energy · 18 researched 35,786.50 ▲ +0.38% 14.2 WATCH
Chemicals no listed index · 8 researched — — — ACCUMULATE
Construction & Materials no listed index · 11 researched — — — ACCUMULATE
Capital Goods no listed index · 17 researched — — — WATCH
Commercial Services no listed index · 8 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 2026-10-08 close.

CompanyCallPrev CloseMove
R Systems International Ltd RSYSTEMS HOLD ₹242.85 ₹274.30 ▲ +12.95%
Inox Green Energy Services Ltd INOXGREEN HOLD ₹115.08 ₹128.92 ▲ +12.03%
Sundaram Clayton Ltd SUNCLAY AVOID ₹1,100.80 ₹1,224.40 ▲ +11.23%
AVT Natural Products Ltd AVTNPL HOLD ₹85.45 ₹94.78 ▲ +10.92%
Ujaas Energy Ltd UEL AVOID ₹195.40 ₹214.94 ▲ +10.00%
Indokem Ltd INDOKEM AVOID ₹692.80 ₹619.10 ▼ -10.64%
BN Agrochem Ltd BNAGROCHEM HOLD ₹199.39 ₹179.56 ▼ -9.95%
Sundrop Brands Ltd SUNDROP HOLD ₹743.55 ₹682.10 ▼ -8.26%
Healthcare Global Enterprises Ltd HCG AVOID ₹638.75 ₹589.20 ▼ -7.76%
India Glycols Ltd INDIAGLYCO HOLD ₹356.90 ₹329.60 ▼ -7.65%

Set aside as undetermined: MOLDTKPAC (▼ -49.95%). A move this large over one session is usually a bonus, split or demerger rather than a price change, and a close-only series cannot tell the two apart — so it is neither listed as a mover nor quietly dropped.

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)

BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.23/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.37/5 including quality and value — the rare combination.
BUY
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.48/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.84/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.97/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.31/5 including quality and value — the rare combination.
BUY
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.24/5 including quality and value — the rare combination.
BUY
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.39/5 including quality and value — the rare combination.
BUY
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.42/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.06/5 including quality and value — the rare combination.
BUY
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.14/5 including quality and value — the rare combination.
BUY
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 (12)

TickerClosePublished PendingNote
ABBOTINDIA ₹26,000.00 HOLD → QUALITY-WAIT if next session holds
AGI ₹770.45 BUY → HOLD if next session holds
DALMIASUG ₹435.55 AVOID → HOLD if next session holds
FERMENTA ₹517.55 QUALITY-WAIT → HOLD if next session holds
GILLETTE ₹7,100.50 QUALITY-WAIT → BUY if next session holds
GRAUWEIL ₹81.32 HOLD → QUALITY-WAIT 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
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
TTKHLTCARE ₹1,016.60 AVOID → HOLD if next session holds

Top Stories

Jubilant FoodWorks' Domino's India LFL growth recovers to 4.1% in Q2 FY27 from 2.5%, though still below management's 5-7% target Hospitality & Tourism

Jubilant FoodWorks' provisional Q2 FY27 update (quarter ended Sept 30, 2026) shows Domino's India like-for-like sales growth improving to 4.1% from 2.5% in Q1, with 88 net new stores added and consolidated revenue up 11.9% YoY. This is the sequential improvement the open claim's bull case needed and does not trip its stated falsifier, but LFL is not yet back at the 5-7% target, so the deceleration-is-temporary thesis is supported, not yet confirmed. Figures are provisional and could be revised at the full results.

JUBLFOOD
Sources: lapaasvoice.com · angelone.in

Indian Oil's governance overhang escalates with exchange fines; Aegis Logistics' $1.5bn Tristar talks remain unsigned and unresolved Energy & Power

IOC's independent-director quorum gap -- open since March, which has suspended its Audit, NRC and CSR committees -- has now drawn separate fines from BSE and NSE (~Rs14.2 lakh each) for the quarter ended June 30, 2026, with no new independent directors reported appointed since. Separately, Aegis Logistics' advanced, exclusive talks to acquire UAE's Tristar Holdings for ~$1.5bn continue with no signed deal and no reported collapse -- both open claims remain live, one worsening modestly, one unchanged.

IOC · AEGISLOG
Sources: filingreader.com · kotakneo.com · indiaseatradenews.com

Aavas' CFO/CRO rating watch stays open; Q1 FY27 profit grew 23% but credit cost jumped and asset quality softened slightly Financial Services

ICRA and CARE's 'Rating Watch with Developing Implications' on Aavas Financiers, opened after the President & CFO and President & CRO resignations effective Sept 21, 2026, remains unresolved with no permanent replacements confirmed. Q1 FY27 PAT grew 23% YoY, but gross NPA ticked up to 1.11% from 1.05% and credit cost rose sharply -- a mixed print that neither confirms nor falsifies the pending AVOID->HOLD call question.

AAVAS
Sources: icra.in · compoundingai.in

Shriram Pistons (rebranded SPR Auto Technologies) posts a record FY26 and wins regulatory scope to build EV motors and ADAS Automobiles

SPR Auto Technologies (ticker unchanged, SHRIPISTON) reported record FY26 consolidated income of Rs4,571cr (+25% YoY) and EBITDA of Rs989cr (+18%), and the MCA approved a widened scope of business in March covering EV motors, ADAS and e-drive systems -- supportive of the pending HOLD->BUY call question, though no October-specific update was found and the pursued Grupo Antolin India acquisition's closing is unconfirmed.

SHRIPISTON
Sources: autocarpro.in

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 16 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 62.8 78.5 29.6 — ▲ +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 · 7 researched WATCH 59.3 58.7 68.9 45.0 — ▲ +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 55.6 68.0 44.5 48.4 +0 ▲ +1.33% 15.3 0/2/98/49
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 9 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 65.4 72.3 69.0 48.0 +2 ▲ +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.

BUY
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
BUY
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
HOLD
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
BUY
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
QUALITY-WAIT
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
BUY
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
HOLD
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
HOLD
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

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 1.5 → 1.4091 -0.243656%7.2
Large Financial Health 1.5 → 1.979 1.511969%7.2
Large Value 1.2 → 1.1404 -0.199250%7.2
Large Earnings Quality 1.0 → 1.2998 1.38572%7.2
Large Growth Outlook 0.8 → 0.861 0.307553%3.4
Large Momentum 0.5 → 0.6138 0.982372%7.2
Mid Quality 1.5 → 1.3032 -0.537458%7.2
Mid Financial Health 1.5 → 1.8378 0.970361%7.2
Mid Value 1.2 → 1.113 -0.29264%7.2
Mid Earnings Quality 1.0 → 0.9049 -0.385156%7.2
Mid Growth Outlook 0.8 → 0.7399 -0.302750%0.4
Mid Momentum 0.5 → 0.6691 1.645572%7.2
Small Quality 1.5 → 1.8524 1.019763%5.4
Small Financial Health 1.5 → 1.7831 0.794256%5.4
Small Value 1.2 → 1.1041 -0.322456%5.4
Small Earnings Quality 1.0 → 0.8708 -0.528652%5.4
Small Growth Outlook 0.8 → 1.0057 1.13789%1.8
Small Momentum 0.5 → 0.6938 2.066974%5.4
Micro Quality 1.5 → 1.9052 1.209274%5.4
Micro Financial Health 1.5 → 1.7684 0.748959%5.4
Micro Value 1.2 → 1.0792 -0.408456%5.4
Micro Earnings Quality 1.0 → 1.0287 0.11556%5.4
Micro Growth Outlook 0.8 → 0.7073 -0.472369%2.6
Micro Momentum 0.5 → 0.7238 2.89493%5.4

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.