1420 companies · 1441 sector slots · 20 sectors · 29 below Rs1000cr and not scanned · long-term lens
Trend Spotlight
RBI hiked the repo rate 25bps to 5.50% on Oct 7 -- its first hike since Feb 2023 -- shifting stance to 'calibrated tightening'.
The MPC's unanimous move ends four straight holds at 5.25% and comes alongside a raised FY27 CPI projection (5.2%, up from a pre-meeting 5.1%) and a raised GDP growth projection (7.1%, up from 6.7%). The RBI cited elevated crude, geopolitical tensions, firm global bond yields and renewed domestic inflation (August CPI at 4.82%) as drivers. This is a genuine regime shift in the rate backdrop, not noise -- the next MPC meeting is Dec 2-4, and it now runs alongside a hawkish US Fed (3.75-4.00% since Sept 16, next decision Oct 27-28).
▲ 1649 advancing■ 30 unchanged▼ 993 decliningof 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
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.
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.
Vadilal Industries' related-party supply pact with promoter entity lapses as India Ratings puts its debt on negative watch FMCG
Vadilal's 10-year related-party supply agreement with promoter entity Vadilal Enterprises expired Sept 30 and could not be renewed Oct 1 for lack of public-shareholder approval; a revised 12-month version awaits an Oct 27 EGM vote. Separately, India Ratings placed Vadilal's bank-loan facilities on 'Rating Watch with Negative Implications' on Sept 23, and a family dispute over the 'Vadilal' brand remains active. Credible, unresolved governance/RPT risk sitting right ahead of the pending BUY->HOLD call.
Supreme Court recalls its own Rs4,655cr Singampatti lease-rent observation against Bombay Burmah FMCG
The Supreme Court's Aug 19 order recalled an observation it had made in May against BBTC over the Singampatti tea estate, on the grounds the figure was never the subject of formal notice or a hearing on the merits. BBTC had already exited plantation operations and handed the estate to the Tamil Nadu Forest Dept in July. A smaller ~Rs231.9cr demand remains separately under re-quantification at the Madras High Court, so the underlying dispute isn't fully closed, but the headline contingent-liability figure is no longer an operative court finding.
Aavas Financiers' CFO/CRO exits confirmed as CVC-directed, tied to an NHB loan-classification probe -- not routine turnover Financial Services
Majority shareholder CVC Capital Partners asked Aavas' President & CFO and President & CRO to step down in June following an NHB probe into loan-classification discrepancies, not the ordinary attrition the resignations might otherwise look like. ICRA and CARE have placed AA ratings on rating watch, and the named replacements (CFO and CRO) are both interim, one-year appointments -- the falsifier (permanent replacements plus a resolved watch) isn't met, keeping the governance overhang behind the pending AVOID->HOLD-adjacent watch live.
Jubilant FoodWorks' Domino's India LFL growth recovers to 4.1% in Q2 FY27, from 2.5% in Q1 Hospitality & Tourism
Jubilant's early-October Q2 FY27 business update shows Domino's India like-for-like growth improving sequentially to 4.1%, still short of management's 5-7% target, alongside 88 net new stores and 11.9% consolidated revenue growth. This partially supports the open claim that the Q1 deceleration was temporary and recovering -- the stated falsifier (no sequential improvement) did not trigger -- though the stock still fell over 4% on the print and the figures are a provisional update pending the detailed November results.
GPPL's Gujarat Maritime Board letter is a procedural comfort letter, not a concession-extension approval Logistics & Transport
GPPL received a comfort letter from the GMB on Aug 26 allowing it to proceed with its concession-extension request, but this is explicitly not an approval -- the company still has until roughly late November to submit a full historical-performance and investment business plan. The Rs17,000cr MoU for expansion is itself non-binding and contingent on the extension being granted. The claim's conditionality is unchanged.
Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 5 sectors with a researched catalyst. The other 15 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.
P/E in the 89th percentile of its own 3-year range · ROCE 14.6% (up 10.6pt over 5y) · Piotroski 7/9
Composite 61.8Mkt Cap 4,960 cr · MicroP/E 42.74ROCE 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.
Tier
Lens
Weight
t-stat
Hit rate
Weeks measured
Large
Quality
1.5 → 1.4091
-0.2436
56%
7.2
Large
Financial Health
1.5 → 1.979
1.5119
69%
7.2
Large
Value
1.2 → 1.1404
-0.1992
50%
7.2
Large
Earnings Quality
1.0 → 1.2998
1.385
72%
7.2
Large
Growth Outlook
0.8 → 0.861
0.3075
53%
3.4
Large
Momentum
0.5 → 0.6138
0.9823
72%
7.2
Mid
Quality
1.5 → 1.3032
-0.5374
58%
7.2
Mid
Financial Health
1.5 → 1.8378
0.9703
61%
7.2
Mid
Value
1.2 → 1.113
-0.292
64%
7.2
Mid
Earnings Quality
1.0 → 0.9049
-0.3851
56%
7.2
Mid
Growth Outlook
0.8 → 0.7399
-0.3027
50%
0.4
Mid
Momentum
0.5 → 0.6691
1.6455
72%
7.2
Small
Quality
1.5 → 1.8524
1.0197
63%
5.4
Small
Financial Health
1.5 → 1.7831
0.7942
56%
5.4
Small
Value
1.2 → 1.1041
-0.3224
56%
5.4
Small
Earnings Quality
1.0 → 0.8708
-0.5286
52%
5.4
Small
Growth Outlook
0.8 → 1.0057
1.137
89%
1.8
Small
Momentum
0.5 → 0.6938
2.0669
74%
5.4
Micro
Quality
1.5 → 1.9052
1.2092
74%
5.4
Micro
Financial Health
1.5 → 1.7684
0.7489
59%
5.4
Micro
Value
1.2 → 1.0792
-0.4084
56%
5.4
Micro
Earnings Quality
1.0 → 1.0287
0.115
56%
5.4
Micro
Growth Outlook
0.8 → 0.7073
-0.4723
69%
2.6
Micro
Momentum
0.5 → 0.7238
2.894
93%
5.4
How We Evaluate
Metric
Why it is in the framework
Source
Return on capital, level and trend
Durable 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-score
A nine-signal accounting checklist that separates real improvers from statistically cheap traps