1432 companies · 1453 sector slots · 21 sectors · 18 below Rs1000cr and not scanned · long-term lens
Trend Spotlight
HCLTech and Infosys both confirmed real client-spend cuts on their Q4 FY26 calls and guided FY27 growth lower -- the first company-sourced evidence of the exact scenario that would falsify their BUY calls.
HCLTech disclosed two telecom clients trimming discretionary spend plus manufacturing and retail clients cutting SAP programs, guiding FY27 constant-currency revenue growth to a conservative 1-4%. Infosys confirmed a client contract termination in its Energy vertical and a Manufacturing client ramp-down, cutting FY27 guidance to 1.5-3.0% and drawing an HSBC downgrade. Both remain rated BUY on trailing fundamentals -- these are real, confirmed but quantified/contained losses, not evidence of a broader exodus -- worth tracking into next quarter's results rather than dismissing as noise.
GIFT Nifty flat into the open; Fed's Sept 16 hike still working through yields while a fourth straight crude decline offers some relief.
GIFT Nifty closed September 21 near 23,361, essentially flat, with no fresh overnight print available pre-open. The Fed's 25bp hike to 3.75-4.00% on Sept 16 (its first since 2023) has pushed the 10-year Treasury near 4.68%, and Wall Street closed mixed on Sept 21 -- Dow down 0.2%, S&P and Nasdaq both up modestly on tech strength. Crude extended a fourth straight losing session to $95.59/bbl (-4.69%) on US-Iran de-escalation talk, a mild offset to the rupee's 95-96/USD range and August CPI's 4.82% print, the third straight month above RBI's 4% target.
Good business, bad price today (Value 2/5) — PEG 2.01; P/E cheaper than 59% of sector peers (P/E 35.44); EV/EBITDA 30.4, B/M 0.083. Watch for a better entry.
Good business, bad price today (Value 1/5) — PEG n/a; P/E cheaper than 3% of sector peers (P/E 93.13); EV/EBITDA 34.4, B/M 0.102. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG 6.44; P/E cheaper than 50% of sector peers (P/E 84.31); EV/EBITDA 19.3, B/M 0.071. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG 6.06; P/E cheaper than 31% of sector peers (P/E 31.52); EV/EBITDA 14.6, B/M 0.323. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 35% of sector peers (P/E 22.95); EV/EBITDA 22.9, B/M 0.106. Watch for a better entry.
Good business, bad price today (Value 2/5) — PEG n/a; P/E cheaper than 42% of sector peers (P/E 62.09); EV/EBITDA 57.3, B/M 0.173. Watch for a better entry.
Good business, bad price today (Value 1/5) — PEG 2.74; P/E cheaper than 29% of sector peers (P/E 54.76); EV/EBITDA 41.3, B/M 0.091. Watch for a better entry.
Good business, bad price today (Value 1/5) — PEG 0.26; P/E cheaper than 36% of sector peers (P/E 34.48); EV/EBITDA 29.0, B/M 0.214. Watch for a better entry.
Source: NSE event calendar, filtered to the 1432 tracked names.
Market Overview
Index
Close
Points
Change
P/E
P/B
Nifty 50
23,414.30
▲ +67.90
▲ +0.29%
19.79
2.83
Nifty Next 50
72,083.95
▲ +58.55
▲ +0.08%
19.06
3.21
Nifty 500
22,860.05
▲ +19.50
▲ +0.09%
22.15
3.17
Nifty Bank
56,470.65
▲ +111.95
▲ +0.20%
13.36
1.69
NIFTY Midcap 100
62,013.10
▼ -178.15
▼ -0.29%
29.89
4.21
▲ 1235 advancing■ 33 unchanged▼ 1376 decliningof 2644 equities, vs the 2026-09-18 close
Cash market, ₹ crore
FII / FPI net
▼ -576.20
bought 10,637 · sold 11,213
DII net
▲ +2,797.27
bought 14,099 · sold 11,301
FII / FPI
DII
Source: NSE ind_close_all_20260921
(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.
HCLTech and Infosys both disclose real client-spend cuts, guide FY27 growth lower Information Technology
HCLTech's Q4 FY26 call flagged two large telecom clients cutting discretionary spend, plus separate manufacturing and retail clients cutting SAP programs, dragging FY27 guidance to 1-4% constant-currency growth. Infosys confirmed a named contract termination in its Energy vertical (-50bps) and a Manufacturing client ramp-down (-100bps), cutting FY27 guidance to 1.5-3.0% and prompting an HSBC downgrade. Both are real, company-confirmed losses -- not rumor -- though each is quantified and contained rather than a single dominant-client loss.
OFSS falls 8.28% on Oracle debt-contagion rumors; company denies any material link Information Technology
Oracle Financial Services Software publicly clarified it is an independent entity unaffected by rumors tying it to parent Oracle's reported $18 billion data-center debt pressure, and said it holds no material price-sensitive information. The rumor first triggered a 6.5% decline before a partial recovery; Sept 21's 8.28% drop suggests the market has not fully accepted the denial. Single-sourced, and reads as sentiment/contagion risk rather than a confirmed OFSS-specific franchise issue.
IRCTC's board-composition fine roughly doubles QoQ as Travel Food's Delhi T3 licence is extended on unchanged terms to Sept 30 Hospitality & Tourism
IRCTC's BSE/NSE fine for LODR board-composition non-compliance rose to Rs 10.23 lakh each (Q2 ended June 30, 2026) from Rs 5.31 lakh the prior quarter, now citing five regulations instead of one -- a real widening in cadence, though still short of the open claim's show-cause-notice falsifier, and consistent with SEBI's standard escalating-fee structure for continuing non-compliance. Separately, Travel Food Services' Delhi Terminal 3 subsidiary (28 outlets) extended its DIAL licence on unchanged terms through September 30, 2026 -- confirming the claim held through this window, but the actual rebid/renewal decision is still pending and imminent.
SPARC's operating losses widen further as a new CEO takes over and promoter reclassification is filed Pharmaceuticals
SPARC's EBITDA loss widened to Rs 102.9 crore from Rs 91.4 crore the prior quarter -- a negative trailing signal not yet reflected in its stale rating. Separately, the company filed for promoter-group reclassification to public under Regulation 31A (Aug 13) and appointed Anil Raghavan as MD & CEO (effective Aug 11); no adverse characterization of the new CEO was found. Single-sourced, and relevant context for the pending BUY->HOLD call confirmation.
Chalet Hotels targets 5,500 keys by FY30 via new asset-light 'Athiva' brand, adds Goa resort land Hospitality & Tourism
Chalet Hotels is shifting from a pure asset-ownership model toward third-party operated hotels, franchises, and its own 'Athiva' brand, targeting 5,500 keys by FY30. On Sept 7 it acquired 100% of Lakeview Mercantile, which holds Goa land earmarked for a planned 170-room resort. No adverse governance news found at the Sept 21 AGM. Relevant evidence against the pending BUY->QUALITY-WAIT call flip.
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.
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.