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Fri, 11 Sep 2026
1438 companies · 1459 sector slots · 21 sectors · 12 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

Hindustan Zinc's CEO and CFO both turned over in mid-2026, while two separate Vedanta-group financings this year routed through HZL's shares and balance sheet.

CEO Arun Misra departed July 31 to become Vedanta Ltd's group CEO, with ex-SAIL chairman Amarendu Prakash installed as a named successor the next day; CFO Sandeep Modi exited in May, replaced by an internal Vedanta-Group hire. Both successions were orderly with no leadership gap, but the same year saw Vedanta pledge 55% of its HZL stake to guarantee sister company FACOR's debt and commit HZL to asset-sale/investment covenants under a $2.25bn related-party facility for Twin Star Holdings — a governance thread worth tracking for whether a third such instance turns a pattern into a practice.

Day ahead

GIFT Nifty points to a positive open, but overnight cues are mixed: Asian markets are mostly lower on Middle East tension and Brent is at a four-month high.

GIFT Nifty was near 23,526 in early trade, implying a positive gap, even as most Asian indices (Nikkei, Kospi, Hang Seng, CSI 300) fell on continued Strait of Hormuz/Iran tension; Brent crude sits near $108/bbl after a drone strike shut a key Saudi pipeline, a cost and inflation headwind that cuts against the RBI's softer crude assumption behind its FY27 forecast. India's August CPI accelerated to 4.82%, a third straight month above the RBI's 4% target, and the rupee is trading near record-weak levels around 95.7/USD. The Fed's Sept 16 decision is being called a coin flip by forecasters and falls outside today's window but is a live overnight risk into tomorrow.

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)

Awaiting a second session (89)

TickerClosePublished PendingNote
AEGISLOG ₹1,353.60 HOLD QUALITY-WAIT if next session holds
ANTELOPUS ₹1,139.35 HOLD QUALITY-WAIT if next session holds
APOLLOTYRE ₹417.65 HOLD BUY if next session holds
ARVINDFASN ₹446.50 HOLD BUY if next session holds
ASHAPURMIN ₹542.90 HOLD BUY if next session holds
BAJAJ-AUTO ₹11,678.00 QUALITY-WAIT HOLD if next session holds
BANCOINDIA ₹615.00 HOLD BUY if next session holds
BBTC ₹1,423.50 HOLD BUY if next session holds
BEL ₹404.35 HOLD BUY if next session holds
BHARTIARTL ₹1,831.10 HOLD BUY if next session holds
BLS ₹231.58 HOLD BUY if next session holds
BLUEJET ₹568.55 HOLD QUALITY-WAIT if next session holds
BORORENEW ₹495.65 HOLD BUY if next session holds
BPCL ₹304.50 HOLD BUY if next session holds
CAMPUS ₹214.36 HOLD BUY if next session holds
CARERATING ₹1,650.50 QUALITY-WAIT HOLD if next session holds
CARTRADE ₹3,087.90 HOLD BUY if next session holds
CCAVENUE ₹16.29 HOLD BUY if next session holds
CHENNPETRO ₹1,572.90 HOLD BUY if next session holds
EIHOTEL ₹286.45 HOLD BUY if next session holds
EMMVEE ₹346.00 HOLD BUY if next session holds
ENGINERSIN ₹268.95 HOLD BUY if next session holds
EPL ₹239.30 HOLD BUY if next session holds
FIEMIND ₹2,009.50 HOLD BUY if next session holds
FORCEMOT ₹17,705.00 HOLD BUY if next session holds
GICRE ₹349.40 HOLD BUY if next session holds
GOKULAGRO ₹226.76 HOLD BUY if next session holds
HAL ₹4,905.00 HOLD BUY if next session holds
HBLENGINE ₹722.20 HOLD BUY if next session holds
HEG ₹266.00 HOLD BUY if next session holds
HEROMOTOCO ₹5,221.50 HOLD BUY if next session holds
HINDZINC ₹576.45 HOLD BUY if next session holds
IFBIND ₹1,300.10 HOLD BUY if next session holds
IGIL ₹314.30 QUALITY-WAIT BUY if next session holds
INDUSTOWER ₹388.00 HOLD BUY if next session holds
IRCTC ₹462.90 HOLD BUY if next session holds
JAMNAAUTO ₹135.46 HOLD BUY if next session holds
JSL ₹756.10 HOLD BUY if next session holds
JSLL ₹511.85 HOLD BUY if next session holds
JYOTHYLAB ₹195.06 HOLD BUY if next session holds
KDDL ₹3,881.90 QUALITY-WAIT HOLD if next session holds
KIRLPNU ₹719.90 HOLD QUALITY-WAIT if next session holds
KISSHT ₹328.70 HOLD BUY if next session holds
KOVAI ₹6,203.50 HOLD BUY if next session holds
LCL ₹553.05 HOLD BUY if next session holds
LEMONTREE ₹104.78 HOLD BUY if next session holds
LGBBROSLTD ₹1,711.00 HOLD BUY if next session holds
LUMAXIND ₹5,879.50 HOLD BUY if next session holds
MAHSEAMLES ₹728.90 HOLD BUY if next session holds
MIDWESTLTD ₹1,016.40 QUALITY-WAIT HOLD if next session holds
MUTHOOTFIN ₹2,792.10 HOLD BUY if next session holds
NATIONALUM ₹361.00 HOLD BUY if next session holds
NAVA ₹551.85 HOLD BUY if next session holds
NH ₹1,869.20 HOLD BUY if next session holds
OBEROIRLTY ₹1,741.10 HOLD BUY if next session holds
ONGC ₹232.50 HOLD BUY if next session holds
PARKHOSPS ₹279.30 HOLD BUY if next session holds
PETRONET ₹287.20 HOLD BUY if next session holds
PGIL ₹1,187.70 QUALITY-WAIT BUY if next session holds
PINELABS ₹202.17 AVOID HOLD if next session holds
PIRAMALFIN ₹2,255.60 AVOID HOLD if next session holds
PREMIERENE ₹974.20 HOLD BUY if next session holds
PRICOLLTD ₹761.40 HOLD BUY if next session holds
PRIVISCL ₹3,556.10 HOLD BUY if next session holds
QUESS ₹348.00 HOLD BUY if next session holds
RACLGEAR ₹1,756.70 HOLD QUALITY-WAIT if next session holds
RAILTEL ₹259.90 HOLD BUY if next session holds
RECLTD ₹312.70 HOLD BUY if next session holds
SANDUMA ₹190.35 HOLD BUY if next session holds
SARDAEN ₹524.15 HOLD BUY if next session holds
SHARDACROP ₹765.55 HOLD BUY if next session holds
SHARDAMOTR ₹943.75 HOLD BUY if next session holds
SHRIPISTON ₹4,371.50 HOLD BUY if next session holds
SKFINDIA ₹1,527.80 HOLD BUY if next session holds
SKIPPER ₹551.55 HOLD BUY if next session holds
SSWL ₹370.65 HOLD BUY if next session holds
STARCEMENT ₹195.14 HOLD BUY if next session holds
TENNIND ₹506.35 HOLD BUY if next session holds
THERMAX ₹3,682.00 AVOID HOLD if next session holds
TIIL ₹3,250.20 HOLD BUY if next session holds
TMCV ₹434.55 HOLD BUY if next session holds
TRANSRAILL ₹410.35 HOLD BUY if next session holds
TRAVELFOOD ₹1,253.60 HOLD BUY if next session holds
USHAMART ₹494.50 HOLD BUY if next session holds
VADILALIND ₹6,960.50 HOLD BUY if next session holds
VAML ₹421.75 HOLD BUY if next session holds
VIKRAMSOLR ₹166.86 HOLD BUY if next session holds
VTL ₹566.20 HOLD BUY if next session holds
WHEELS ₹2,230.10 HOLD BUY if next session holds

Reporting today

No tracked name reports today.

Coming up

Source: NSE event calendar, filtered to the 1438 tracked names.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 23,398.10 ▼ -79.70 ▼ -0.34% 19.78 2.83
Nifty Next 50 72,083.70 ▼ -447.20 ▼ -0.62% 19.06 3.21
Nifty 500 22,866.50 ▼ -85.85 ▼ -0.37% 22.16 3.18
Nifty Bank 56,606.55 ▲ +134.60 ▲ +0.24% 13.39 1.70
NIFTY Midcap 100 62,197.20 ▼ -160.15 ▼ -0.26% 29.98 4.28
▲ 952 advancing ■ 40 unchanged ▼ 1639 declining of 2631 equities, vs the 2026-09-10 close
Cash market, ₹ crore
FII / FPI net
▼ -930.90
bought 12,617 · sold 13,548
DII net
▲ +1,968.17
bought 15,110 · sold 13,141
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20260911 (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
Tribhovandas Bhimji Zaveri LtdTBZ Tue, 18 Aug 2026 BUY HOLD ₹251.05 ₹526.30 ▲ +109.6%
Waterways Leisure Tourism LimitedCORDELIA Tue, 18 Aug 2026 HOLD unchanged ₹830.00 ₹112.85 ▼ -86.4%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD unchanged ₹388.95 ₹714.95 ▲ +83.8%
TCC Concept LtdTCC Tue, 18 Aug 2026 HOLD unchanged ₹253.05 ₹55.32 ▼ -78.1%
India Glycols LtdINDIAGLYCO Tue, 18 Aug 2026 BUY AVOID ₹1,139.20 ₹279.00 ▼ -75.5%
Genesys International Corporation LtdGENESYS Tue, 18 Aug 2026 AVOID HOLD ₹182.30 ₹307.81 ▲ +68.8%
HEG LtdHEG Tue, 18 Aug 2026 HOLD unchanged ₹739.25 ₹266.00 ▼ -64.0%
Milky Mist Dairy Food LtdMILKYMIST Tue, 18 Aug 2026 QUALITY-WAIT unchanged ₹181.50 ₹292.77 ▲ +61.3%
PVP Ventures LtdPVP Tue, 18 Aug 2026 AVOID unchanged ₹40.20 ₹64.82 ▲ +61.2%
Goodluck India LtdGOODLUCK Tue, 18 Aug 2026 BUY HOLD ₹1,330.00 ₹516.85 ▼ -61.1%
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD unchanged ₹625.00 ₹1,002.80 ▲ +60.4%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID unchanged ₹341.95 ₹532.10 ▲ +55.6%

1426 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

Oberoi Realty nearly doubles its long-term sales guidance and enters Delhi-NCR Realty

Management raised its long-term annual sales run-rate guidance to Rs 100-120bn from Rs 60-70bn, citing strength in 360 North and a 12-project FY27 launch pipeline, and secured HARERA approval alongside a Rs 597cr land deal for its first NCR project. This is substantive, dual-sourced evidence for the pending HOLD->BUY call flip, though price has already fallen 5.1% since the call was flagged.

OBEROIRLTY
Sources: kalkine.co.in · x.com

Thermax's order book jumps 27% YoY on a large supercritical win and a new data-center push Energy & Power

Orders on hand rose to Rs 13,604cr from Rs 10,693cr a year earlier, with quarterly booking up 112% YoY including a roughly Rs 1,600cr supercritical order and a new push into data-center boiler/cooling solutions. This is a clear, dual-sourced positive for the pending AVOID->HOLD call.

THERMAX

Pine Labs gets a regulatory tailwind as RBI extends the merchant re-KYC deadline six months Financial Services

The extension eases near-term compliance burden on Pine Labs' merchant base, a mild positive for the pending AVOID->HOLD call, though this is a sector-wide regulatory easing rather than company-specific guidance, and the finding is single-sourced.

PINELABS
Sources: investing.com

Western Dedicated Freight Corridor now fully commissioned; transporters separately push for diesel-linked freight surcharges Logistics & Transport

The final Western DFC sections were dedicated Sept 8, completing the full 2,843km Eastern+Western network -- a structural positive for rail-linked freight, but more than a week old and already a standing fact rather than a fresh catalyst, so it is not scored this session. Separately, road transporters' diesel-linked Fuel Adjustment Factor would pass through cost inflation from the current crude spike rather than compress logistics margins, relevant given today's Brent move.

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 15% technicals, renormalised over those three — the 20% news catalyst is not counted because no research was written for this session. It is not treated as neutral; it is absent. ≥62 accumulate · 45–61 watch · <45 avoid.

SectorStanceEntryCheap QualityTechNews IndexIdx P/EB/W/H/A
Information Technology 75 scanned · 16 researched ACCUMULATE 62.6 65.4 78.5 28.4 ▲ +0.11% 18.4 0/9/59/7
Banks 40 scanned · 13 researched AVOID 42.7 28.7 52.3 63.9 ▲ +0.24% 13.4 0/0/31/9
Pharmaceuticals 85 scanned · 14 researched AVOID 44.8 20.0 72.0 65.4 ▼ -0.09% 41.1 0/18/56/11
Automobiles 109 scanned · 21 researched WATCH 49.0 24.9 78.6 63.8 ▼ -0.86% 31.7 0/21/77/11
FMCG 106 scanned · 4 researched WATCH 57.1 51.0 68.3 54.7 ▼ -0.29% 31.3 0/21/67/18
Metals & Mining 83 scanned · 9 researched WATCH 49.6 33.0 67.9 63.4 ▼ -2.30% 15.8 0/11/55/17
Realty 38 scanned · 5 researched WATCH 56.7 59.8 52.0 56.6 ▼ -2.70% 36.0 0/1/17/20
Energy & Power 83 scanned · 12 researched WATCH 56.8 50.0 63.4 64.0 ▼ -0.75% 14.7 0/5/45/33
Financial Services 150 scanned · 5 ranked elsewhere · 7 researched WATCH 51.9 52.9 43.6 63.1 ▲ +0.10% 15.7 0/4/96/50
Healthcare & Hospitals 58 scanned · 16 ranked elsewhere · 3 researched WATCH 46.7 22.4 73.8 66.5 ▼ -0.16% 43.2 0/15/38/5
Hospitality & Tourism 38 scanned · 6 researched WATCH 60.9 61.4 67.4 48.5 ▲ +0.09% 87.2 0/4/24/10
Chemicals 99 scanned · 4 researched WATCH 59.4 54.0 68.7 58.2 0/12/64/23
Construction & Materials 127 scanned · 7 researched WATCH 61.1 67.9 60.8 43.6 0/11/73/43
Capital Goods 103 scanned · 7 researched WATCH 50.8 28.0 78.5 65.2 0/14/76/13
Textiles & Apparel 47 scanned · 3 researched WATCH 56.0 50.0 62.6 61.0 0/5/30/12
Retail & Consumer 67 scanned · 2 researched WATCH 58.3 50.0 68.4 63.8 0/9/40/18
Packaging & Plastics 34 scanned WATCH 52.9 38.5 64.7 71.8 0/4/22/8
Logistics & Transport 25 scanned · 1 researched AVOID 44.7 22.6 67.6 65.6 0/3/15/7
Telecom & Media 29 scanned · 2 researched WATCH 53.3 50.0 60.2 50.4 0/1/17/11
Commercial Services 31 scanned · 4 researched WATCH 54.7 53.4 52.8 61.6 0/2/17/12
Diversified & Other 32 scanned · 1 researched WATCH 51.2 41.5 59.7 63.1 0/3/17/12

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 7th percentile of its own 3-year range · ROCE 19.7% (up 8.7pt over 5y) · Piotroski 7/9
Composite 87.4 Mkt Cap 140,984 cr · Large P/E 41.75 ROCE 19.7% Piotroski 7/9
P/E in the 28th percentile of its own 3-year range · ROCE 19.2% (up 12.2pt over 5y)
Composite 87.2 Mkt Cap 306,586 cr · Large P/E 137.8 ROCE 19.2% Piotroski 5/9
unconfirmed: sector
P/E in the 2th percentile of its own 3-year range · ROCE 20.7% (up 31.7pt over 5y) · -31.5% off its 52-week high
Composite 86.9 Mkt Cap 17,889 cr · Mid P/E 24.64 ROCE 20.7% Piotroski 5/9
P/E in the 2th percentile of its own 3-year range · ROCE 26.3% (up 12.3pt over 5y) · -57.4% off its 52-week high
Composite 84.9 Mkt Cap 15,195 cr · Mid P/E 24.34 ROCE 26.3% Piotroski 4/9
P/E in the 2th percentile of its own 3-year range · ROCE 24.3% (up 24.3pt over 5y)
Composite 90.9 Mkt Cap 12,871 cr · Small P/E 59.22 ROCE 24.3% Piotroski 6/9
unconfirmed: sector, news
P/E in the 5th percentile of its own 3-year range
Composite 87.7 Mkt Cap 13,585 cr · Small P/E 22.28 ROCE 69.2% Piotroski 4/9
new call this session
Highly Volatile
composite 57.1 on quality, timing, valuation
Composite 57.1 Mkt Cap 1,753 cr · Micro P/E 39.21 ROCE 30.8% Piotroski 5/9
new call this session
Highly Volatile
P/E in the 92th percentile of its own 3-year range
Composite 46.8 Mkt Cap 4,416 cr · Micro P/E 112.3 ROCE 18.8% Piotroski 5/9

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.