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The Close · The Open · The Long Desk · Archive · Research
Fri, 28 Aug 2026
1443 companies · 1464 sector slots · 21 sectors · long-term lens

Trend Spotlight

DLF's Q1 pre-sales collapsed 94% YoY to Rs 657 crore on zero housing launches, yet management reiterated its full Rs 20,000 crore FY27 target.

The miss is real -- no new project launches all quarter -- and management's defense rests entirely on a pipeline (DLF City Gurugram, Goa, Westpark Phase 2) that has not yet delivered a single sale. A guidance reiteration immediately after a weak quarter is standard investor-relations posture, not confirmation; treat the FY27 target as unproven until H1 pre-sales data shows a credible run-rate, not as a resolved question.

Arrived overnight

Fii/dii cash flows and the official index p/e published after The Close went out, and are included below. The evening report names what it is still waiting for, so nothing appears without having been declared missing first.

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 24,175.65 ▲ +84.80 ▲ +0.35% 20.44 2.93
Nifty Next 50 74,159.15 ▼ -188.30 ▼ -0.25% 19.60 3.30
Nifty 500 23,528.55 ▲ +46.55 ▲ +0.20% 22.86 3.28
Nifty Bank 57,496.30 ▼ -13.65 ▼ -0.02% 13.60 1.72
NIFTY Midcap 100 64,069.50 ▲ +34.05 ▲ +0.05% 30.88 4.43
▲ 1348 advancing ■ 38 unchanged ▼ 1230 declining of 2616 equities, vs the 2026-08-27 close
Cash market, ₹ crore
FII / FPI net
▼ -5,039.80
bought 13,264 · sold 18,303
DII net
▲ +5,183.93
bought 16,539 · sold 11,355
FII / FPI DII
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

Source: NSE ind_close_all_20260828 (levels, index P/E and P/B) and the full-market bhavcopy (breadth).

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
Goodluck India LtdGOODLUCK Tue, 18 Aug 2026 BUY HOLD ₹1,330.00 ₹449.90 ▼ -66.2%
PVP Ventures LtdPVP Tue, 18 Aug 2026 AVOID unchanged ₹40.20 ₹65.22 ▲ +62.2%
TD Power Systems LtdTDPOWERSYS Tue, 18 Aug 2026 HOLD unchanged ₹1,586.60 ₹752.70 ▼ -52.6%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID unchanged ₹341.95 ₹487.80 ▲ +42.7%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD unchanged ₹17.13 ₹11.20 ▼ -34.6%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD unchanged ₹388.95 ₹517.75 ▲ +33.1%
Welspun Corp LtdWELCORP Wed, 5 Aug 2026 BUY QUALITY-WAIT ₹1,788.10 ₹2,373.80 ▲ +32.8%
Wonder Electricals LtdWEL Tue, 18 Aug 2026 HOLD unchanged ₹146.24 ₹99.80 ▼ -31.8%
Kennametal India LtdKENNAMET Tue, 18 Aug 2026 HOLD unchanged ₹3,502.20 ₹4,580.30 ▲ +30.8%
Marsons LtdMARSONS Tue, 18 Aug 2026 HOLD QUALITY-WAIT ₹102.31 ₹133.17 ▲ +30.2%
Federal-Mogul Goetze (India) LtdFMGOETZE Tue, 18 Aug 2026 BUY unchanged ₹462.65 ₹602.05 ▲ +30.1%
Omaxe LtdOMAXE Tue, 18 Aug 2026 AVOID unchanged ₹101.93 ₹131.74 ▲ +29.2%

Source: data/state.json (call memory) × data/prices/<date>.json.

Top Stories

Mastek surges 18% on a brokerage turnaround call, not a client win Information Technology

Anand Rathi retained its Buy rating on Mastek (target Rs 2,377), citing a 13.3% YoY rise in order backlog to ~$310M and an AI order book that more than doubled QoQ to $64M, including a new $25M five-year Salesforce Agentforce deal. No dated Aug 28 order or guidance event was found -- the move is sentiment/brokerage-note driven, a softer basis than a confirmed contract win for the pending HOLD->BUY call flip.

MASTEK

TCS Nashik POSH case stays confined to one unit as NITES escalates to the Ministry of Labour Information Technology

Coverage of the 2026 TCS Nashik case confirms ~70 complaints and an AGM arrested for allegedly suppressing a verbal complaint, but no source reports a second TCS facility with similar POSH failures. Workers' rights group NITES has petitioned the Ministry of Labour and Employment for a broader compliance audit -- a new escalation, though not itself a finding of wider wrongdoing.

TCS

GCPL names interim CFO after CEO transition; no further departures since Sitapati's exit FMCG

Vishal Kedia was named interim CFO to backfill Aasif Malbari's seat after Malbari's Aug 12 elevation to MD & CEO, replacing Sudhir Sitapati who resigned days after his own reappointment was cleared. No source reports additional senior departures or a disclosed governance issue at GCPL since the transition began.

GODREJCP

TMB raises FY27 growth guidance further, beyond its Q1 call increase Banks

At its Aug 11, 2026 analyst meet, TMB raised advances growth guidance to 21-22% (from 20%) and deposit growth to 18% (from 16%), while holding ROE guidance at 15% and NIM above 4%. This supports, but does not itself confirm, the open claim that the bank's guidance raise reflects durable underwriting improvement rather than a single strong quarter -- that requires Q2 results.

TMB

Aurobindo's US units clear routine FDA inspections clean Pharmaceuticals

AuroPeptides and Lannett Company LLC, both Aurobindo US subsidiaries, completed separate USFDA inspections in the week of Aug 17-21, 2026, receiving only procedural observations on facility/equipment maintenance -- no data-integrity or warning-letter findings, and both disclosed under SEBI Reg. 30 on Aug 21.

AUROPHARMA

Sector Scorecard

Entry score is 40% cheap-vs-history + 25% quality trend + 20% news catalyst + 15% technicals, for the 4 sectors with a researched catalyst. The other 17 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 75 scanned · 14 researched WATCH 60.9 61.0 78.7 45.6 +0 ▲ +3.51% 20.0 9/11/48/7
Banks 40 scanned · 11 researched AVOID 42.1 22.3 52.3 67.2 +0 ▼ -0.02% 13.6 6/1/27/6
Pharmaceuticals 85 scanned · 7 researched WATCH 45.1 18.9 72.0 63.6 +0 ▲ +0.53% 41.8 14/22/39/10
Automobiles 109 scanned · 5 researched WATCH 46.5 18.4 78.3 68.2 ▼ -0.11% 33.5 35/27/36/11
FMCG 106 scanned · 3 researched WATCH 55.0 50.0 68.3 52.9 +0 ▼ -0.46% 32.5 10/22/58/16
Metals & Mining 82 scanned · 3 researched WATCH 46.8 26.9 68.2 64.5 ▲ +0.75% 16.5 15/13/36/18
Realty 39 scanned · 2 researched WATCH 51.6 50.0 52.0 55.4 ▼ -0.08% 38.6 2/3/14/20
Energy & Power 82 scanned · 2 researched WATCH 53.0 42.4 63.8 63.4 ▼ -0.26% 14.7 13/10/29/30
Financial Services 150 scanned · 5 ranked elsewhere · 2 researched WATCH 50.5 50.0 44.2 62.2 ▲ +0.02% 16.1 14/7/96/33
Healthcare & Hospitals 57 scanned · 16 ranked elsewhere · 8 researched WATCH 46.1 21.8 74.6 63.6 ▲ +0.54% 44.0 12/18/22/5
Hospitality & Tourism 37 scanned · 3 researched ACCUMULATE 62.1 66.0 69.5 39.6 ▼ -1.10% 89.1 8/7/12/10
Chemicals 101 scanned · 1 researched WATCH 57.9 50.0 68.7 61.0 13/16/49/23
Construction & Materials 126 scanned WATCH 59.9 64.5 62.3 43.6 11/13/64/38
Capital Goods 103 scanned · 1 researched WATCH 48.4 24.3 78.1 63.2 13/19/57/14
Textiles & Apparel 48 scanned · 1 researched WATCH 52.5 42.2 62.0 64.0 10/6/18/14
Retail & Consumer 67 scanned WATCH 58.8 50.0 68.4 66.2 5/11/35/16
Packaging & Plastics 34 scanned WATCH 53.4 39.5 65.3 70.7 8/5/13/8
Logistics & Transport 25 scanned AVOID 44.7 21.4 70.0 64.8 8/4/6/7
Telecom & Media 29 scanned WATCH 53.4 50.0 60.3 51.0 6/1/11/11
Commercial Services 29 scanned WATCH 59.1 61.0 52.8 64.8 4/2/11/12
Diversified & Other 40 scanned WATCH 45.4 30.6 59.5 61.0 3/6/17/14

Source: data/verdicts.json × NSE sector index closes.

Stocks to Watch

Split across large/mid/small cap so this list isn't one tier's picks — new calls first, then the highest long-term composites within each. Each shows the figures that selected it — open the desk for the full six-lens panel.

new call this session
P/E in the 13th percentile of its own 3-year range · ROCE 40.0% (up 5.0pt over 5y) · -32.3% off its 52-week high
Composite 73.3 Mkt Cap 465,183 cr · Large P/E 14.91 ROCE 40.0% Piotroski 6/9
new call this session
P/E in the 0th percentile of its own 3-year range · ROCE 21.9% (down 5.1pt over 5y)
Composite 72.5 Mkt Cap 77,966 cr · Large P/E 32.09 ROCE 21.9% Piotroski 4/8
new call this session
P/E in the 8th percentile of its own 3-year range · ROCE 14.8% (up 6.8pt over 5y) · Piotroski 7/9
Composite 80.6 Mkt Cap 49,982 cr · Mid P/E 56.07 ROCE 14.8% Piotroski 7/9
new call this session
P/E in the 63th percentile of its own 3-year range · ROCE 34.8% (up 10.8pt over 5y) · Piotroski 7/9
Composite 73.3 Mkt Cap 18,343 cr · Mid P/E 25.13 ROCE 34.8% Piotroski 7/9
new call this session
ROCE 18.8% (up 22.8pt over 5y)
Composite 79.8 Mkt Cap 6,695 cr · Small P/E 25.24 ROCE 18.8% Piotroski 4/9
new call this session
composite 78.3 on growth, quality, timing, valuation
Composite 78.3 Mkt Cap 6,559 cr · Small P/E 23.35 ROCE 15.7% Piotroski 6/9

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.