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The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Thu, 1 Oct 2026
1422 companies · 1443 sector slots · 21 sectors · 27 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

PB Fintech (Policybazaar) crashes under exchange surveillance as IRDAI's commission-cap proposal keeps repricing insurance distribution.

IRDAI's September consultation paper proposing to cap first-year insurance-distribution commissions, stepping down to 12.5% within five years, remains open for industry feedback until October 25 — no final regulation has been notified. But the market has already priced it as largely proceeding: PB Fintech has fallen as much as 48% over six sessions (another 7.89% today) and BSE/NSE have placed it under short-term additional surveillance, with analysts estimating a commission-rate cut could translate into a 10-12% earnings hit. Turtlemint fell a further 8.70% today on the same thesis. This is a continuation of an already-open risk, not a new catalyst, and the underlying proposal itself stays unresolved until the October 25 deadline.

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 (13)

new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.52/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.41/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.44/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.97/5 including quality and value — the rare combination.
new
unconfirmed: business, price, sector
Unconfirmed: business, price, sector not checked — Weighted average rating 4.4/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.18/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.83/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.22/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.27/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.06/5 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
Good business, bad price today (Value 1/5) — PEG n/a; P/E cheaper than 36% of sector peers (P/E 42.4); EV/EBITDA 27.7, B/M 0.337. Watch for a better entry.

and 1 more — full list on the site.

Awaiting a second session (87)

TickerClosePublished PendingNote
360ONE ₹1,040.00 AVOID → HOLD if next session holds
ABSLAMC ₹991.70 AVOID → HOLD if next session holds
ADANIPORTS ₹1,737.80 BUY → HOLD if next session holds
ARFIN ₹87.25 HOLD → QUALITY-WAIT if next session holds
ARVIND ₹534.05 QUALITY-WAIT → BUY if next session holds
ASAHIINDIA ₹944.25 HOLD → QUALITY-WAIT if next session holds
ASHIANA ₹383.95 QUALITY-WAIT → HOLD if next session holds
ASIANENE ₹466.75 QUALITY-WAIT → HOLD if next session holds
AXISCADES ₹2,307.30 AVOID → HOLD if next session holds
BAJAJCON ₹497.05 HOLD → QUALITY-WAIT if next session holds
BDL ₹1,087.90 HOLD → QUALITY-WAIT if next session holds
BEL ₹383.10 BUY → QUALITY-WAIT if next session holds
BHARATFORG ₹1,875.00 QUALITY-WAIT → HOLD if next session holds
BLUEJET ₹541.80 QUALITY-WAIT → HOLD if next session holds
CASTROLIND ₹199.04 QUALITY-WAIT → BUY if next session holds
CENTRALBK ₹30.00 AVOID → HOLD if next session holds
CENTUM ₹4,701.70 QUALITY-WAIT → HOLD if next session holds
CERA ₹5,096.50 HOLD → BUY if next session holds
CHOLAFIN ₹1,580.00 AVOID → HOLD if next session holds
COFORGE ₹1,826.00 HOLD → QUALITY-WAIT if next session holds
CONCOR ₹442.00 BUY → HOLD if next session holds
CREST ₹362.35 AVOID → HOLD if next session holds
ECLERX ₹1,802.90 QUALITY-WAIT → BUY if next session holds
EIEL ₹184.00 AVOID → HOLD if next session holds
EIHOTEL ₹297.85 HOLD → BUY if next session holds
EMAMILTD ₹372.65 HOLD → BUY if next session holds
ENDURANCE ₹2,601.40 QUALITY-WAIT → BUY if next session holds
FORTIS ₹785.00 QUALITY-WAIT → HOLD if next session holds
FUSION ₹171.36 AVOID → HOLD if next session holds
GALLANTT ₹530.15 QUALITY-WAIT → BUY if next session holds
GNRL ₹97.18 QUALITY-WAIT → HOLD if next session holds
GULFOILLUB ₹1,093.00 QUALITY-WAIT → BUY if next session holds
HAL ₹4,601.00 BUY → QUALITY-WAIT if next session holds
HDFCAMC ₹2,308.10 HOLD → QUALITY-WAIT if next session holds
HYUNDAI ₹2,024.00 QUALITY-WAIT → BUY if next session holds
IGIL ₹311.95 QUALITY-WAIT → BUY if next session holds
IKS ₹1,776.40 QUALITY-WAIT → HOLD if next session holds
IOC ₹131.34 HOLD → BUY if next session holds
IRCTC ₹454.10 HOLD → BUY if next session holds
JKTYRE ₹340.35 HOLD → BUY if next session holds
JLHL ₹259.85 HOLD → QUALITY-WAIT if next session holds
JSWDULUX ₹3,020.60 HOLD → QUALITY-WAIT if next session holds
KALYANKJIL ₹528.50 QUALITY-WAIT → HOLD if next session holds
KIRLOSBROS ₹1,767.60 HOLD → QUALITY-WAIT if next session holds
KIRLOSENG ₹2,242.70 HOLD → QUALITY-WAIT if next session holds
KKCL ₹475.65 HOLD → QUALITY-WAIT if next session holds
KNACK ₹180.67 HOLD → QUALITY-WAIT if next session holds
KOVAI ₹5,993.50 HOLD → BUY if next session holds
KPITTECH ₹492.00 HOLD → BUY if next session holds
KRISHNADEF ₹1,000.90 HOLD → QUALITY-WAIT if next session holds
LTFOODS ₹399.15 QUALITY-WAIT → BUY if next session holds
MARUTI ₹11,386.00 HOLD → BUY if next session holds
MATRIMONY ₹497.00 QUALITY-WAIT → HOLD if next session holds
METROPOLIS ₹537.90 QUALITY-WAIT → HOLD if next session holds
MOSCHIP ₹198.03 HOLD → QUALITY-WAIT if next session holds
MRPL ₹164.76 HOLD → BUY if next session holds
MSUMI ₹33.53 HOLD → QUALITY-WAIT if next session holds
ORIENTELEC ₹154.46 HOLD → QUALITY-WAIT if next session holds
ORIENTHOT ₹140.00 QUALITY-WAIT → HOLD if next session holds
PNBGILTS ₹71.63 AVOID → HOLD if next session holds
POLICYBZR ₹980.00 QUALITY-WAIT → HOLD if next session holds
PREMIERENE ₹878.05 BUY → QUALITY-WAIT if next session holds
PRIVISCL ₹3,573.00 BUY → HOLD if next session holds
QPOWER ₹1,564.60 HOLD → QUALITY-WAIT if next session holds
RAINBOW ₹1,279.80 QUALITY-WAIT → HOLD if next session holds
REDTAPE ₹115.29 HOLD → QUALITY-WAIT if next session holds
RPGLIFE ₹2,930.70 QUALITY-WAIT → HOLD if next session holds
SBIFUNDS ₹500.35 HOLD → QUALITY-WAIT if next session holds
SCI ₹267.05 HOLD → BUY if next session holds
SHRIPISTON ₹4,490.50 QUALITY-WAIT → BUY if next session holds
STYLAMIND ₹3,219.90 QUALITY-WAIT → BUY if next session holds
SUNDARMFIN ₹4,395.90 AVOID → HOLD if next session holds
SUNFLAG ₹433.50 QUALITY-WAIT → HOLD if next session holds
SYNCOMF ₹23.96 HOLD → QUALITY-WAIT if next session holds
TATAELXSI ₹3,092.80 HOLD → QUALITY-WAIT if next session holds
TATASTEEL ₹178.00 QUALITY-WAIT → HOLD if next session holds
TCI ₹877.10 BUY → HOLD if next session holds
TITAGARH ₹805.10 HOLD → QUALITY-WAIT if next session holds
UTIAMC ₹883.70 AVOID → HOLD if next session holds
VIJAYA ₹1,428.00 QUALITY-WAIT → HOLD if next session holds
VINATIORGA ₹1,208.10 HOLD → BUY if next session holds
VMM ₹99.50 HOLD → QUALITY-WAIT if next session holds
VSSL ₹383.30 QUALITY-WAIT → HOLD if next session holds
WAAREERTL ₹808.80 HOLD → BUY if next session holds
WABAG ₹2,004.90 QUALITY-WAIT → BUY if next session holds
ZENSARTECH ₹434.35 BUY → HOLD if next session holds
ZENTEC ₹1,576.10 BUY → QUALITY-WAIT if next session holds

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 22,421.95 ▼ -198.50 ▼ -0.88% 19.19 2.75
Nifty Next 50 68,981.35 ▼ -765.60 ▼ -1.10% 18.08 3.31
Nifty 500 21,857.75 ▼ -214.35 ▼ -0.97% 21.56 3.06
Nifty Bank 54,450.75 ▼ -182.30 ▼ -0.33% 12.91 1.64
NIFTY Midcap 100 58,732.00 ▼ -600.05 ▼ -1.01% 27.70 3.73
▲ 566 advancing ■ 23 unchanged ▼ 2065 declining of 2654 equities, vs the 2026-09-30 close
Cash market, ₹ crore
FII / FPI net
▼ -9,484.22
bought 12,260 · sold 21,744
DII net
▲ +10,041.84
bought 25,420 · sold 15,378
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261001 (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 569 56 ▼ -0.3% ▲ +0.2% 53%
QUALITY-WAIT 443 165 ▼ -2.1% ▼ -0.6% 44%
HOLD 1605 807 ▼ -1.8% ▲ +0.3% 52%
AVOID 785 347 ▼ -1.3% ▼ -0.2% 48%
CompanyCalled sinceCall Previous callAt callNow Movevs Nifty 500
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD — ₹625.00 ₹1,197.20 ▲ +91.6% ▲ +98.4%
STL Networks LtdSTLNETWORK Tue, 18 Aug 2026 AVOID — ₹25.68 ₹47.18 ▲ +83.7% ▲ +90.6%
Quadrant Future Tek LtdQUADFUTURE Tue, 18 Aug 2026 AVOID — ₹341.00 ₹531.40 ▲ +55.8% ▲ +62.7%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID — ₹341.95 ₹532.20 ▲ +55.6% ▲ +62.5%
SBC Exports LtdSBC Tue, 18 Aug 2026 HOLD — ₹38.66 ₹58.54 ▲ +51.4% ▲ +58.3%
Morepen Laboratories LtdMOREPENLAB Tue, 18 Aug 2026 HOLD — ₹88.44 ₹133.72 ▲ +51.2% ▲ +58.1%
Shukra Pharmaceuticals LtdSHUKRAPHAR Tue, 18 Aug 2026 HOLD — ₹41.55 ₹61.80 ▲ +48.7% ▲ +55.6%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD — ₹388.95 ₹573.65 ▲ +47.5% ▲ +54.4%
MV Electrosystems LtdMVELECTRO Tue, 18 Aug 2026 AVOID — ₹574.10 ₹836.95 ▲ +45.8% ▲ +52.7%
HLE Glascoat LtdHLEGLAS Tue, 18 Aug 2026 HOLD — ₹306.20 ₹442.05 ▲ +44.4% ▲ +51.2%
AXISCADES Technologies LtdAXISCADES Tue, 18 Aug 2026 AVOID — ₹1,607.10 ₹2,307.30 ▲ +43.6% ▲ +50.4%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD — ₹17.13 ₹7.79 ▼ -54.5% ▼ -47.6%

3402 calls scored since Wed, 5 Aug 2026: 1375 standing, 1443 closed when the desk changed the call, 584 closed when the name left coverage (at its last published close). 2008 of them are the call a name was given on entering coverage, not one the desk changed to. 1363 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 42 calls published this session are not scored yet — no session to move in. 22 have no cached close at one end of their window and are not scored. 7 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

IRDAI's commission-cap proposal drives PB Fintech under exchange surveillance Financial Services

PB Fintech's trading window has closed ahead of Q2 FY27 results (due Oct 28) after the stock fell as much as 48% in six sessions on IRDAI's distribution-commission-cap proposal; analysts now cite a potential ~30% FY28 revenue hit that could push the company into losses. Turtlemint fell a further 8.70% today on the same read-through. The proposal is still a consultation paper open until Oct 25, so the open ledger claim on this stays live rather than resolved.

POLICYBZR

CONCOR guidance reportedly raised to 18% overall — but the source is thin Logistics & Transport

Secondary-aggregator pieces say CONCOR's management raised FY27 volume guidance to 18% overall (EXIM 15%, domestic 25%), reversing the 9.5%-overall deceleration figure the open ledger claim is built on. If accurate it would cut against the stock's pending BUY->HOLD call confirmation, but the figure traces to broker-note aggregator summaries rather than a primary transcript or exchange filing, so it is treated as an unconfirmed, single-sourced signal rather than a resolution.

CONCOR

SEBI settles securities case against Adani Ports and the Adani brothers Logistics & Transport

SEBI passed a settlement order resolving alleged securities/listing violations against Adani Ports and its directors (including Gautam and Rajesh Adani), without admission or denial of wrongdoing — easing, not eliminating, a long-running regulatory overhang. Separately, cargo volumes keep growing strongly (Sept 2026 +11% YoY to 46 MMT; H1 FY27 a record 280 MMT, +15% YoY), with long-term guidance to more than double revenue/EBITDA/cash flow by FY31 reiterated.

ADANIPORTS

Gallantt Ispat discloses a benign reason for its director exits and rebuilds its board Metals & Mining

The two independent directors who exited in May 2026 are now reported to have cited 'work pressures and other commitments' — a disclosed, mundane reason rather than the board-conflict scenario the open governance claim was watching for. The company has since appointed new independent directors and a Vice Chairman and reconstituted its Audit, NRC, Stakeholders Relationship and CSR committees, with no further departures, pledging or related-party flags found. The specific 'work pressures' explanation is itself only reported by secondary sources, not a company filing quote.

GALLANTT

RBI's Oct 5-7 MPC meets under a rate-hike consensus as inflation runs hot

Eight of ten economists polled by Business Standard, and roughly 60% in a separate Reuters poll, now expect a 25bp repo hike to 5.50% when the RBI's rate decision lands October 7 — a reversal from 2025's cumulative 125bp of cuts. The driver is accelerating CPI (4.82% in August, up from ~4.44-4.45% in July), compounded by Brent near $100/bbl (+54% y/y) and a rupee near 96.2-96.5/USD, its weakest in roughly a year. September's CPI print, which would be the freshest data point, doesn't land until Oct 12 — after the decision. A hike would bear most directly on rate-sensitive financials, NBFCs and realty entry decisions.

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 3 sectors with a researched catalyst. The other 18 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 55 scanned · 12 researched ACCUMULATE 62.3 67.4 76.4 25.4 — ▲ +2.17% 17.8 3/8/38/6
Banks 31 scanned · 7 researched WATCH 54.6 57.0 50.5 54.8 — ▼ -0.33% 12.9 1/0/22/8
Pharmaceuticals 60 scanned · 14 researched WATCH 47.5 23.5 72.8 69.2 — ▼ -0.48% 40.7 4/14/35/7
Automobiles 80 scanned · 30 researched WATCH 57.6 44.6 77.9 58.6 — ▼ -3.46% 29.5 10/18/44/8
FMCG 83 scanned · 6 researched WATCH 56.7 50.7 69.0 52.0 — ▼ -1.61% 30.4 3/16/50/14
Metals & Mining 62 scanned · 16 researched WATCH 56.5 51.5 68.7 49.7 — ▼ -2.35% 16.3 5/10/33/14
Realty 32 scanned · 3 researched WATCH 56.7 63.2 53.1 45.2 — ▼ -1.46% 35.4 1/2/14/15
Energy & Power 64 scanned · 14 researched WATCH 60.4 61.1 66.6 47.9 — ▼ -0.68% 14.4 3/7/31/23
Financial Services 107 scanned · 5 ranked elsewhere · 11 researched WATCH 55.5 69.5 43.3 46.0 +0 ▼ -0.38% 15.1 0/2/61/44
Healthcare & Hospitals 46 scanned · 16 ranked elsewhere · 6 researched WATCH 51.5 31.5 74.4 66.7 — ▼ -0.26% 41.9 1/14/26/5
Hospitality & Tourism 29 scanned · 7 researched ACCUMULATE 64.8 70.0 70.8 41.0 — ▼ -1.60% 86.3 0/4/18/7
Chemicals 75 scanned · 8 researched WATCH 61.8 62.0 67.8 51.4 — — — 1/10/46/18
Construction & Materials 87 scanned · 8 researched ACCUMULATE 63.5 82.5 60.8 35.0 +0 — — 1/8/51/27
Capital Goods 72 scanned · 12 researched WATCH 53.2 36.0 76.0 61.0 — — — 6/9/46/11
Textiles & Apparel 34 scanned · 4 researched ACCUMULATE 63.6 63.3 63.3 65.0 — — — 2/3/22/7
Retail & Consumer 49 scanned · 4 researched WATCH 60.0 64.0 68.4 48.8 +0 — — 2/8/24/15
Packaging & Plastics 23 scanned · 1 researched WATCH 55.4 44.0 62.6 73.8 — — — 1/2/14/6
Logistics & Transport 17 scanned · 4 researched WATCH 53.2 46.0 67.6 48.6 — — — 3/3/8/3
Telecom & Media 25 scanned · 5 researched WATCH 52.6 50.0 60.4 46.6 — — — 3/1/13/8
Commercial Services 23 scanned · 3 researched WATCH 61.6 73.5 52.8 44.4 — — — 1/0/13/9
Diversified & Other 389 scanned · 52 researched WATCH 56.9 50.0 64.9 61.8 — — — 17/34/223/115

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 36th percentile of its own 3-year range · ROCE 29.9% (up 20.9pt over 5y) · Piotroski 7/9
Composite 76.1 Mkt Cap 92,902 cr · Large P/E 15.62 ROCE 29.9% Piotroski 7/9
new call this session
unconfirmed: sector
P/E in the 53th percentile of its own 3-year range · ROCE 39.6% (up 26.6pt over 5y)
Composite 71.1 Mkt Cap 61,584 cr · Large P/E 9.1 ROCE 39.6% Piotroski 6/9
new call this session
P/E in the 14th percentile of its own 3-year range · ROCE 15.5% (up 13.5pt over 5y)
Composite 79.3 Mkt Cap 35,580 cr · Mid P/E 41.31 ROCE 15.5% Piotroski 5/9
new call this session
unconfirmed: sector
P/E in the 31th percentile of its own 3-year range · ROCE 16.9% (up 1.9pt over 5y) · Piotroski 9/9
Composite 73.1 Mkt Cap 17,425 cr · Mid P/E 15.49 ROCE 16.9% Piotroski 9/9
new call this session
unconfirmed: sector
P/E in the 0th percentile of its own 3-year range
Composite 85.4 Mkt Cap 8,722 cr · Small P/E 32.76 ROCE 89.9% Piotroski 6/8
new call this session
P/E in the 0th percentile of its own 3-year range · Piotroski 9/9 · -41.2% off its 52-week high
Composite 82.9 Mkt Cap 5,974 cr · Small P/E 25.2 ROCE 64.1% Piotroski 9/9
new call this session
Highly Volatile
P/E in the 12th percentile of its own 3-year range · ROCE 29.3% (up 17.3pt over 5y) · -32.2% off its 52-week high
Composite 79.6 Mkt Cap 4,724 cr · Micro P/E 17.93 ROCE 29.3% Piotroski 5/9
new call this session
Highly Volatile
P/E in the 0th percentile of its own 3-year range · ROCE 8.37% (up 3.4pt over 5y) · -37.6% off its 52-week high
Composite 71.4 Mkt Cap 2,340 cr · Micro P/E 20.96 ROCE 8.37% Piotroski 3/8

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.