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The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Fri, 16 Oct 2026
1422 companies · 1443 sector slots · 20 sectors · 27 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

RBI hikes repo rate 25bp to 5.50% — its first hike since Feb 2023 — as September CPI jumps to 5.54% y/y on food prices.

The six-member MPC voted unanimously at its Oct 5-7 meeting to shift from a neutral to a 'calibrated tightening' stance, with Governor Malhotra ruling out a near-term cut and raising the FY27 CPI forecast to 5.2%. That hawkish turn was validated days later by the Sept CPI print (5.54% y/y, up from 4.83% in August), driven largely by a ~108% y/y jump in onion prices. For a long-term entry decision, a genuine tightening cycle rather than a one-off hike raises the cost of capital across rate-sensitive sectors — bank margins, real estate and auto financing — and argues against assuming an easing cycle resumes soon.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 23,146.15 ▲ +148.80 ▲ +0.65% 19.77 2.84
Nifty Next 50 68,988.60 ▲ +317.00 ▲ +0.46% 18.03 3.31
Nifty 500 22,270.05 ▲ +89.25 ▲ +0.40% 21.89 3.12
Nifty Bank 55,844.00 ▲ +33.50 ▲ +0.06% 13.21 1.68
NIFTY Midcap 100 59,129.75 ▼ -67.50 ▼ -0.11% 27.77 3.76
▲ 1573 advancing ■ 38 unchanged ▼ 1068 declining of 2679 equities, vs the 2026-10-15 close
Cash market, ₹ crore
FII / FPI net
▲ +1,165.92
bought 19,952 · sold 18,786
DII net
▼ -3,661.28
bought 17,202 · sold 20,863
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20261016 (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 31,924.10 ▲ +3.92% 19.8 WATCH
Metals & Mining Nifty Metal · 18 researched 12,133.20 ▲ +0.95% 15.9 WATCH
Automobiles Nifty Auto · 32 researched 25,768.50 ▲ +0.75% 29.9 WATCH
Hospitality & Tourism Nifty India Tourism · 9 researched 7,564.70 ▲ +0.51% 86.2 ACCUMULATE
Financial Services Nifty Financial Services · 12 researched 25,387.10 ▲ +0.09% 15.6 WATCH
Banks Nifty Bank · 5 researched 55,844.00 ▲ +0.06% 13.2 AVOID
Energy & Power Nifty Energy · 13 researched 36,190.85 ▼ -0.06% 14.3 WATCH
Pharmaceuticals Nifty Pharma · 26 researched 25,781.65 ▼ -0.14% 39.9 WATCH
Healthcare & Hospitals Nifty Healthcare Index · 11 researched 15,683.55 ▼ -0.26% 40.8 WATCH
Realty Nifty Realty · 4 researched 825.95 ▼ -0.33% 35.0 WATCH
FMCG Nifty FMCG · 10 researched 44,616.15 ▼ -0.39% 30.8 WATCH
Construction & Materials no listed index · 11 researched — — — ACCUMULATE
Capital Goods no listed index · 19 researched — — — WATCH
Chemicals no listed index · 9 researched — — — WATCH
Commercial Services no listed index · 7 researched — — — WATCH
Logistics & Transport no listed index · 6 researched — — — WATCH
Packaging & Plastics no listed index · 2 researched — — — WATCH
Retail & Consumer no listed index · 5 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 1414 tracked names this session, against the 2026-10-15 close.

CompanyCallPrev CloseMove
HBL Engineering Ltd HBLENGINE BUY ₹710.45 ₹833.15 ▲ +17.27%
Euro Pratik Sales Ltd EUROPRATIK HOLD ₹161.14 ₹183.37 ▲ +13.80%
PC Jeweller Ltd PCJEWELLER HOLD ₹14.45 ₹16.28 ▲ +12.66%
Molbio Diagnostics Ltd MOLBIO HOLD ₹1,429.30 ₹1,574.40 ▲ +10.15%
Tips Music Ltd TIPSMUSIC QUALITY-WAIT ₹684.40 ₹746.90 ▲ +9.13%
Cyient DLM Ltd CYIENTDLM HOLD ₹1,030.10 ₹897.25 ▼ -12.90%
R R Kabel Ltd RRKABEL QUALITY-WAIT ₹2,603.90 ₹2,388.00 ▼ -8.29%
KRN Heat Exchanger and Refrigeration Ltd KRN AVOID ₹1,231.20 ₹1,139.60 ▼ -7.44%
CCL Products (India) Ltd CCL HOLD ₹1,085.40 ₹1,008.30 ▼ -7.10%
Parag Milk Foods Ltd PARAGMILK HOLD ₹295.90 ₹276.30 ▼ -6.62%

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 (6)

new
unconfirmed: price, sector, news
Unconfirmed: price, sector, news not checked — Weighted average rating 5.0/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.85/5 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 3.81/5 including quality and value — the rare combination.
new
Good business, bad price today (Value 2/5) — PEG 1.11; P/E cheaper than 20% of sector peers (P/E 25.29); EV/EBITDA 17.1, B/M 0.139. Watch for a better entry.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.2/5 including quality and value — the rare combination.

Awaiting a second session (30)

TickerClosePublished PendingNote
AEROFLEX ₹525.80 QUALITY-WAIT → HOLD if next session holds
AGARWALEYE ₹465.80 QUALITY-WAIT → HOLD if next session holds
ARFIN ₹102.72 QUALITY-WAIT → HOLD if next session holds
ASAHIINDIA ₹923.55 QUALITY-WAIT → HOLD if next session holds
ASKAUTOLTD ₹588.00 QUALITY-WAIT → BUY if next session holds
BHARATFORG ₹1,835.00 QUALITY-WAIT → HOLD if next session holds
BIKAJI ₹474.15 HOLD → QUALITY-WAIT if next session holds
BOSCHLTD ₹45,560.00 QUALITY-WAIT → HOLD if next session holds
COFORGE ₹1,951.90 QUALITY-WAIT → HOLD if next session holds
DCXINDIA ₹152.56 AVOID → HOLD if next session holds
ENGINERSIN ₹273.45 QUALITY-WAIT → BUY if next session holds
FIEMIND ₹1,919.10 HOLD → BUY if next session holds
GILLETTE ₹7,226.50 HOLD → QUALITY-WAIT if next session holds
GRINFRA ₹777.35 AVOID → HOLD if next session holds
HBLENGINE ₹833.15 BUY → QUALITY-WAIT if next session holds
HITECH ₹70.70 AVOID → HOLD if next session holds
INDIAMART ₹1,627.20 HOLD → BUY if next session holds
JLHL ₹247.05 BUY → QUALITY-WAIT if next session holds
JSWSTEEL ₹1,216.30 QUALITY-WAIT → HOLD if next session holds
KDDL ₹3,824.60 QUALITY-WAIT → HOLD if next session holds
LEMONTREE ₹113.42 QUALITY-WAIT → BUY if next session holds
MAHSCOOTER ₹12,401.00 AVOID → HOLD if next session holds
NAVINFLUOR ₹8,167.00 QUALITY-WAIT → HOLD if next session holds
NETWEB ₹4,731.70 QUALITY-WAIT → HOLD if next session holds
QUESS ₹332.95 BUY → HOLD if next session holds
SAMBHV ₹172.47 HOLD → QUALITY-WAIT if next session holds
SBCL ₹1,023.90 QUALITY-WAIT → HOLD if next session holds
SHRIPISTON ₹4,629.90 BUY → QUALITY-WAIT if next session holds
STEELCAS ₹354.50 QUALITY-WAIT → HOLD if next session holds
TATACONSUM ₹978.90 QUALITY-WAIT → HOLD if next session holds

Top Stories

GPPL's port-concession extension remains conditional, not confirmed Logistics & Transport

Gujarat Pipavav Port's concession extension beyond its Sept 2028 expiry is still not secured: the Gujarat Maritime Board's August 2026 'comfort letter' only permits GPPL to process an extension proposal, not approval. GPPL must submit a full performance record and capex/investment business plan within 90 days — by roughly Nov 24, 2026 — before the board decides. No submission or GMB decision has been confirmed yet, so the open claim stands unresolved.

GPPL

Vadilal sets Oct 27 EGM to vote on revised related-party distribution pact FMCG

Following the Oct 1 lapse of its 10-year distribution agreement with related party Vadilal Enterprises Ltd (VEL) for lack of shareholder approval, Vadilal's board approved a revised 12-month pact (Nov 2026-Oct 2027) and scheduled an Oct 27 EGM to vote on it. Sources disagree on VEL's share of Vadilal's revenue (~79% vs ~92%), a disputed figure that itself underscores how dependent Vadilal is on this one distribution relationship. Shareholder approval is not yet secured.

VADILALIND

Zensar's TMT/healthcare client-exit warning remains unresolved pending Q3 FY27 results Information Technology

No Q3 FY27 results exist yet to test management's warning of continued client exits in TMT and healthcare/life-sciences verticals. The most recent reported quarter (Q1 FY27) still shows TMT revenue down 9.1% QoQ / 28.0% YoY and HLS down 3.8% QoQ / 8.7% YoY in constant currency — consistent with, but not yet a resolution of, that forward-looking risk against the headline deal wins.

ZENSARTECH

IKS Health closes ~$557M TruBridge acquisition, raises stake in IKS WWMG Healthcare & Hospitals

IKS Health completed its roughly $557M acquisition of TruBridge via syndicated financing, alongside FY26 revenue growth of 20% and a 48% jump in profit after tax; it separately raised its stake in IKS WWMG MSO LLC to 63.49%. The debt-funded deal is a real step-up in scale, though it also adds leverage to what was previously an asset-light model — worth tracking as integration proceeds.

IKS

Ajanta Pharma's Paithan plant FDA inspection closes clean (VAI status) Pharmaceuticals

The US FDA's April 2026 inspection of Ajanta Pharma's Paithan facility, which had raised a five-observation Form-483, has closed with Voluntary Action Indicated (VAI) status — meaning no regulatory or administrative action is required, with any corrective steps taken voluntarily. This resolves the earlier regulatory overhang cleanly.

AJANTPHARM

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 · 14 researched WATCH 61.2 59.4 78.5 37.2 — ▲ +3.92% 19.8 0/10/56/9
Banks 40 scanned · 5 researched AVOID 44.6 33.7 52.3 61.1 — ▲ +0.06% 13.2 0/0/31/9
Pharmaceuticals 88 scanned · 26 researched WATCH 48.5 25.6 71.5 70.9 — ▼ -0.14% 39.9 0/14/61/13
Automobiles 110 scanned · 32 researched WATCH 56.3 41.0 78.4 60.3 — ▲ +0.75% 29.9 12/20/67/11
FMCG 105 scanned · 10 researched WATCH 58.0 55.6 69.0 46.2 — ▼ -0.39% 30.8 0/19/67/19
Metals & Mining 82 scanned · 18 researched WATCH 56.3 48.1 67.1 60.2 — ▲ +0.95% 15.9 0/9/54/19
Realty 40 scanned · 4 researched WATCH 54.3 64.3 52.0 31.6 — ▼ -0.33% 35.0 1/2/14/23
Energy & Power 83 scanned · 13 researched WATCH 56.6 53.5 63.7 53.2 — ▼ -0.06% 14.3 0/7/44/32
Financial Services 150 scanned · 5 ranked elsewhere · 12 researched WATCH 56.4 66.5 44.7 48.8 — ▲ +0.09% 15.6 0/3/94/53
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 11 researched WATCH 59.4 50.0 73.0 62.0 — ▼ -0.26% 40.8 4/10/40/5
Hospitality & Tourism 38 scanned · 9 researched ACCUMULATE 65.1 71.3 69.0 41.9 — ▲ +0.51% 86.2 2/6/20/10
Chemicals 102 scanned · 9 researched WATCH 60.7 58.7 67.8 54.2 — — — 2/11/61/28
Construction & Materials 126 scanned · 11 researched ACCUMULATE 62.4 71.0 61.6 40.8 — — — 4/11/69/42
Capital Goods 103 scanned · 19 researched WATCH 54.1 38.8 79.0 53.2 — — — 8/13/63/19
Textiles & Apparel 48 scanned · 6 researched WATCH 53.4 45.1 62.0 61.2 — — — 4/3/27/14
Retail & Consumer 65 scanned · 5 researched WATCH 57.8 50.0 68.4 61.0 — — — 1/10/35/19
Packaging & Plastics 33 scanned · 2 researched WATCH 57.2 46.8 65.3 71.6 — — — 1/4/19/9
Logistics & Transport 26 scanned · 6 researched WATCH 50.1 37.0 69.3 53.2 — — — 0/3/17/6
Telecom & Media 33 scanned · 5 researched WATCH 53.1 50.0 59.8 50.0 — — — 3/2/14/14
Commercial Services 37 scanned · 7 researched WATCH 53.7 55.0 52.5 52.4 — — — 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.

new call this session
P/E in the 52th percentile of its own 3-year range · ROCE 39.6% (up 26.6pt over 5y) · -26.6% off its 52-week high
Composite 70.8 Mkt Cap 59,535 cr · Large P/E 8.82 ROCE 39.6% Piotroski 6/9
new call this session
P/E in the 15th percentile of its own 3-year range · ROCE 21.9% (down 5.1pt over 5y)
Composite 69.8 Mkt Cap 83,940 cr · Large P/E 34.61 ROCE 21.9% Piotroski 4/8
new call this session
P/E in the 28th percentile of its own 3-year range · ROCE 16.9% (up 1.9pt over 5y) · Piotroski 9/9
Composite 73.9 Mkt Cap 17,217 cr · Mid P/E 15.31 ROCE 16.9% Piotroski 9/9
new call this session
P/E in the 64th percentile of its own 3-year range · ROCE 34.4% (up 10.4pt over 5y)
Composite 73.0 Mkt Cap 18,404 cr · Mid P/E 25.29 ROCE 34.4% Piotroski 6/9
new call this session
unconfirmed: sector
P/E in the 5th percentile of its own 3-year range · ROCE 25.3% (up 16.3pt over 5y) · Piotroski 7/9
Composite 78.7 Mkt Cap 6,301 cr · Small P/E 16.95 ROCE 25.3% Piotroski 7/9
new call this session
ROCE 16.2% (up 14.2pt over 5y) · Piotroski 7/9
Composite 76.9 Mkt Cap 8,255 cr · Small P/E 17.05 ROCE 16.2% Piotroski 7/9
new call this session
Highly Volatile
P/E in the 11th percentile of its own 3-year range · ROCE 10.6% (up 0.6pt over 5y) · -45.7% off its 52-week high
Composite 53.5 Mkt Cap 1,027 cr · Micro P/E 25.7 ROCE 10.6% Piotroski 2/9
new call this session
Highly Volatile
P/E in the 95th percentile of its own 3-year range
Composite 51.4 Mkt Cap 3,683 cr · Micro P/E 40.04 ROCE 16.5% Piotroski 4/9

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 1.3442 → 1.5087 0.023248%9.2
Large Financial Health 1.91 → 1.9008 1.192763%9.2
Large Value 1.0512 → 1.1731 -0.089852%9.2
Large Earnings Quality 1.3139 → 1.2507 1.102163%9.2
Large Growth Outlook 0.7981 → 0.6895 -0.567467%5.4
Large Momentum 0.6029 → 0.5489 0.396563%9.2
Mid Quality 1.3663 → 1.3577 -0.384257%9.2
Mid Financial Health 1.9321 → 1.8357 0.963561%9.2
Mid Value 1.1381 → 1.2545 0.182143%9.2
Mid Earnings Quality 0.9127 → 0.9696 -0.121848%9.2
Mid Growth Outlook 0.5795 → 0.5947 -1.134375%2.4
Mid Momentum 0.6902 → 0.6083 0.927470%9.2
Small Quality 1.8341 → 1.9593 1.425462%7.4
Small Financial Health 1.6513 → 1.7853 0.801154%7.4
Small Value 1.0405 → 1.2492 0.164549%7.4
Small Earnings Quality 0.7647 → 0.8067 -0.815554%7.4
Small Growth Outlook 0.9895 → 0.9206 0.622658%3.8
Small Momentum 0.7136 → 0.6417 1.285770%7.4
Micro Quality 1.9961 → 1.8884 1.146968%7.4
Micro Financial Health 1.8473 → 1.8138 0.891457%7.4
Micro Value 1.0396 → 1.2056 0.018849%7.4
Micro Earnings Quality 0.9775 → 1.0226 0.090651%7.4
Micro Growth Outlook 0.6162 → 0.5586 -1.397583%4.6
Micro Momentum 0.7275 → 0.7087 2.407181%7.4

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.