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The Close · The Open · The Long Desk · Archive · Research · Top Stocks
Fri, 9 Oct 2026
1420 companies · 1441 sector slots · 20 sectors · 29 below Rs1000cr and not scanned · long-term lens

Trend Spotlight

BBTC's Franchise Risk is re-rated down after a company-secretary resignation and a still-contested Rs4,655cr lease dispute surface alongside otherwise strong results.

Bombay Burmah Trading Corp's Compliance Officer resigned in July for personal reasons, and the company is separately contesting a Rs4,655cr lease-rent claim on its Singampatti tea estate that remains unresolved -- a material contingent liability that wasn't part of the prior clean Franchise Risk read. Q1 results were otherwise solid, with revenue and profit both up YoY, so this doesn't touch the BUY call's fundamentals, but it is the kind of governance-adjacent overhang a long-term holder should keep tracking until the dispute resolves.

Day ahead

No confirmed GIFT Nifty or Asia-cues read for today's open; Wednesday's RBI hike is still the operative backdrop.

Search did not turn up a dated GIFT Nifty or Asian-markets wrap for today -- the freshest confirmed index levels are an October 5 close (Sensex ~71,910, Nifty ~22,422) and September 30 (Sensex 72,480, Nifty 22,620), both too stale to use as a gap signal. Crude and USD/INR levels are similarly unconfirmed from today's search, though a Kalshi market implies Brent near/above $100, consistent with the rupee weakness and high crude the RBI itself cited on Oct 7. The Fed's next decision isn't until Oct 27-28; prediction-market sentiment has swung toward a hold (82% per an Oct 2 snapshot, from 66% hike odds in late September), a dovish-leaning read that is now over a week stale.

Calls this session

A change to anything but AVOID publishes only after two consecutive sessions say the same thing; AVOID publishes at once.

Published this session (16)

new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.23/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.37/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.48/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 3.84/5 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: sector, news
Unconfirmed: sector, news not checked — Weighted average rating 4.31/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.24/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.39/5 including quality and value — the rare combination.
new
unconfirmed: price, sector
Unconfirmed: price, sector not checked — Weighted average rating 4.42/5 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 4.14/5 including quality and value — the rare combination.
new
unconfirmed: sector
Unconfirmed: sector not checked — Weighted average rating 4.16/5 including quality and value — the rare combination.

and 4 more — full list on the site.

Awaiting a second session (23)

TickerClosePublished PendingNote
ABBOTINDIA ₹26,000.00 HOLD → QUALITY-WAIT if next session holds
AGI ₹770.45 BUY → HOLD if next session holds
BBTC ₹1,222.10 BUY → HOLD if next session holds
BEL ₹368.15 HOLD → BUY if next session holds
CAMPUS ₹197.00 BUY → HOLD if next session holds
DALMIASUG ₹435.55 AVOID → HOLD if next session holds
EMMVEE ₹300.05 HOLD → BUY if next session holds
FERMENTA ₹517.55 QUALITY-WAIT → HOLD if next session holds
GILLETTE ₹7,100.50 QUALITY-WAIT → HOLD if next session holds
GOKULAGRO ₹206.74 BUY → HOLD if next session holds
GRAUWEIL ₹81.32 HOLD → QUALITY-WAIT if next session holds
HAL ₹4,655.60 HOLD → BUY if next session holds
HBLENGINE ₹719.05 HOLD → BUY if next session holds
IBULLSLTD ₹36.62 BUY → QUALITY-WAIT if next session holds
INDOTECH ₹3,121.70 QUALITY-WAIT → HOLD if next session holds
KIRLPNU ₹667.25 HOLD → BUY if next session holds
NAUKRI ₹1,219.00 AVOID → HOLD if next session holds
NRBBEARING ₹524.95 HOLD → BUY if next session holds
PARACABLES ₹55.85 AVOID → HOLD if next session holds
PREMIERENE ₹895.35 HOLD → BUY if next session holds
SKIPPER ₹530.25 HOLD → BUY if next session holds
TTKHLTCARE ₹1,016.60 AVOID → HOLD if next session holds
VADILALIND ₹7,162.00 BUY → HOLD if next session holds

Reporting today

No tracked name reports today.

Coming up

Source: NSE event calendar, filtered to the 1420 tracked names.

Market Overview

IndexClosePoints ChangeP/EP/B
Nifty 50 22,520.45 ▲ +288.65 ▲ +1.30% 19.27 2.77
Nifty Next 50 68,166.70 ▲ +552.20 ▲ +0.82% 17.86 3.27
Nifty 500 21,866.65 ▲ +250.50 ▲ +1.16% 21.56 3.06
Nifty Bank 55,256.65 ▲ +741.60 ▲ +1.36% 13.10 1.66
NIFTY Midcap 100 58,787.30 ▲ +904.80 ▲ +1.56% 27.73 3.74
▲ 1649 advancing ■ 30 unchanged ▼ 993 declining of 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
FII / DII daily net cash flow · ₹ crore · scroll to zoom, drag to pan

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.

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 596 28 ▼ -0.4% ▲ +0.1% 51%
QUALITY-WAIT 474 157 ▼ -2.1% ▼ -0.8% 41%
HOLD 1725 843 ▼ -1.8% ▼ -0.0% 49%
AVOID 836 357 ▼ -1.2% ▼ -0.3% 47%
CompanyCalled sinceCall Previous callAt callNow Movevs Nifty 500
Raymond LtdRAYMOND Tue, 18 Aug 2026 HOLD — ₹625.00 ₹1,186.60 ▲ +89.9% ▲ +96.7%
STL Networks LtdSTLNETWORK Tue, 18 Aug 2026 AVOID — ₹25.68 ₹46.35 ▲ +80.5% ▲ +87.3%
D.P. Abhushan LtdDPABHUSHAN Tue, 18 Aug 2026 HOLD — ₹1,457.20 ₹2,363.80 ▲ +62.2% ▲ +69.1%
SBC Exports LtdSBC Tue, 18 Aug 2026 HOLD — ₹38.66 ₹62.43 ▲ +61.5% ▲ +68.3%
MV Electrosystems LtdMVELECTRO Tue, 18 Aug 2026 AVOID — ₹574.10 ₹888.60 ▲ +54.8% ▲ +61.6%
PC Jeweller LtdPCJEWELLER Tue, 18 Aug 2026 HOLD — ₹9.62 ₹14.81 ▲ +54.0% ▲ +60.8%
Oriental Aromatics LtdOAL Tue, 18 Aug 2026 AVOID — ₹341.95 ₹518.00 ▲ +51.5% ▲ +58.3%
Quadrant Future Tek LtdQUADFUTURE Tue, 18 Aug 2026 AVOID — ₹341.00 ₹511.25 ▲ +49.9% ▲ +56.8%
Shanti Gold International LtdSHANTIGOLD Tue, 18 Aug 2026 HOLD — ₹253.85 ₹380.55 ▲ +49.9% ▲ +56.8%
Delta Corp LtdDELTACORP Tue, 8 Sep 2026 HOLD BUY ₹55.44 ₹81.31 ▲ +46.7% ▲ +52.0%
Shanthi Gears LtdSHANTIGEAR Tue, 18 Aug 2026 HOLD — ₹388.95 ₹562.40 ▲ +44.6% ▲ +51.4%
Elitecon International LtdELITECON Tue, 18 Aug 2026 HOLD — ₹17.13 ₹7.20 ▼ -58.0% ▼ -51.1%

3631 calls scored since Wed, 5 Aug 2026: 1385 standing, 1648 closed when the desk changed the call, 598 closed when the name left coverage (at its last published close). 2017 of them are the call a name was given on entering coverage, not one the desk changed to. 1373 more standing calls with history are not shown — this table is the 12 that have moved most against Nifty 500 since they were made. 29 calls published this session are not scored yet — no session to move in. 23 have no cached close at one end of their window and are not scored. 9 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

BBTC's Company Secretary resigns as it contests a Rs4,655cr lease-rent claim on its Singampatti tea estate FMCG

Bombay Burmah Trading Corp's Company Secretary and Compliance Officer resigned in July 2026 citing personal reasons, and the company is separately contesting a Rs4,655cr lease-rent claim on its Singampatti tea estate that remains unresolved. Q1 results showed revenue and profit both rising, so there's no guidance cut, but the unresolved contingent liability is material enough to move BBTC's Franchise Risk read down from a prior clean 5/5.

BBTC

Zensar's TMT and healthcare weakness confirmed in hard numbers, but framed as insourcing/consolidation, not 'client exits' Information Technology

Zensar's Q1 FY27 data shows TMT revenue down 9.1% QoQ (-28.0% YoY constant currency) and healthcare/life-sciences down 3.8% QoQ (-8.7% YoY), confirming real sequential weakness in the two verticals the open claim flagged. A brokerage attributes this to the top client insourcing work and vendor-consolidation hits to a couple of accounts, not outright client exits as previously framed -- the underlying concern stands, but the mechanism is now better specified. Q3 FY27 results, the claim's stated falsifier, haven't reported yet.

ZENSARTECH

Shukra Pharmaceuticals' Q1 profit jumps, but sources disagree sharply on how many unrelated subsidiaries it now runs Pharmaceuticals

Shukra posted Q1 FY27 net profit of roughly Rs12cr against about Rs1cr a year earlier, on revenue growth sources peg between 270% and 336% YoY -- a standout beat. But one filing summary counts four subsidiaries (medtech, robotics, woundcare, diabetes tech) while another FY26 annual-report-based source counts nine, including defence and AI -- a direct conflict on the scale of diversification central to the open governance-risk claim. FY26 free cash flow was negative, consistent with the claim's capital-intensity concern; no FY27 capex breakdown exists yet to judge execution.

SHUKRAPHAR

NALCO posts its best-ever FY26 and signs a 1,080MW captive-power JV to feed smelter expansion Metals & Mining

National Aluminium reported record FY26 net profit (Rs5,816cr, +9.22%) and record revenue (Rs17,843cr) at its August 31 AGM, alongside a new 50:50 joint venture with NLC India for a 1,080MW captive thermal plant to power planned smelter capacity growth. The company is also exploring rare-earth/critical-mineral recovery from bauxite residue. Nothing found here would falsify the existing BUY call; it supports the growth-outlook read.

NATIONALUM

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 16 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 · 15 researched WATCH 59.2 62.8 78.5 29.6 +0 ▲ +3.02% 18.0 0/9/57/9
Banks 40 scanned · 6 researched WATCH 48.1 41.8 52.3 58.3 — ▲ +1.36% 13.1 1/0/30/9
Pharmaceuticals 88 scanned · 27 researched WATCH 49.0 26.0 71.5 71.5 +0 ▲ +0.54% 40.2 0/16/58/14
Automobiles 109 scanned · 37 researched WATCH 58.0 46.3 78.3 55.6 — ▲ +1.42% 28.9 10/18/70/11
FMCG 104 scanned · 8 researched WATCH 57.5 58.7 68.9 45.0 +0 ▲ +2.20% 31.1 3/20/61/20
Metals & Mining 83 scanned · 19 researched WATCH 57.4 49.5 67.5 61.4 — ▲ +1.10% 15.7 6/9/50/18
Realty 39 scanned · 4 researched WATCH 56.2 66.8 52.0 34.8 — ▲ +0.92% 34.0 1/1/15/22
Energy & Power 84 scanned · 18 researched WATCH 60.5 59.5 63.5 58.3 — ▲ +0.38% 14.2 0/7/44/33
Financial Services 149 scanned · 5 ranked elsewhere · 12 researched WATCH 57.0 68.0 44.5 48.4 — ▲ +1.33% 15.3 0/2/98/49
Healthcare & Hospitals 59 scanned · 16 ranked elsewhere · 10 researched WATCH 57.8 46.0 73.0 64.0 — ▲ +1.09% 41.3 3/10/40/6
Hospitality & Tourism 38 scanned · 9 researched ACCUMULATE 66.8 72.3 69.0 48.0 — ▲ +1.17% 85.2 1/6/21/10
Chemicals 102 scanned · 8 researched ACCUMULATE 62.7 62.7 67.8 54.2 — — — 2/11/62/27
Construction & Materials 126 scanned · 11 researched ACCUMULATE 64.9 77.0 61.6 38.3 — — — 5/11/69/41
Capital Goods 103 scanned · 17 researched WATCH 53.3 36.9 79.0 54.0 — — — 0/15/69/19
Textiles & Apparel 47 scanned · 6 researched WATCH 55.9 48.7 62.6 64.0 — — — 4/3/26/14
Retail & Consumer 66 scanned · 4 researched WATCH 58.5 53.5 68.3 55.5 — — — 1/13/33/19
Packaging & Plastics 33 scanned · 2 researched WATCH 57.9 50.0 65.3 66.4 — — — 2/4/19/8
Logistics & Transport 26 scanned · 6 researched WATCH 48.0 33.9 69.3 50.3 — — — 0/3/16/7
Telecom & Media 33 scanned · 5 researched WATCH 52.9 50.0 59.8 49.0 — — — 3/2/14/14
Commercial Services 37 scanned · 8 researched WATCH 53.8 54.2 52.5 59.8 +0 — — 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
unconfirmed: sector
P/E in the 31th percentile of its own 3-year range · ROCE 35.2% (up 11.2pt over 5y)
Composite 71.5 Mkt Cap 97,979 cr · Large P/E 17.71 ROCE 35.2% Piotroski 6/9
new call this session
unconfirmed: price, sector
composite 71.0 on quality, timing, valuation
Composite 71.0 Mkt Cap 150,923 cr · Large P/E 20.32 ROCE 35.9% Piotroski 3/3
new call this session
P/E in the 27th percentile of its own 3-year range · ROCE 17.0% (up 20.0pt over 5y) · Piotroski 7/9
Composite 78.2 Mkt Cap 17,987 cr · Mid P/E 33.58 ROCE 17.0% Piotroski 7/9
new call this session
unconfirmed: price, sector
Piotroski 8/9 · -27.3% off its 52-week high
Composite 68.8 Mkt Cap 19,119 cr · Mid P/E 30.83 ROCE 60.8% Piotroski 8/9
new call this session
P/E in the 6th percentile of its own 3-year range · ROCE 14.8% (up 7.8pt over 5y)
Composite 83.9 Mkt Cap 8,378 cr · Small P/E 43.86 ROCE 14.8% Piotroski 5/9
new call this session
unconfirmed: price, sector
ROCE 22.6% (up 9.6pt over 5y) · Piotroski 7/8
Composite 82.5 Mkt Cap 6,428 cr · Small P/E 25.1 ROCE 22.6% Piotroski 7/8
new call this session
Highly Volatile
P/E in the 10th percentile of its own 3-year range · -45.5% off its 52-week high
Composite 74.8 Mkt Cap 1,014 cr · Micro P/E 13.96 ROCE 35.4% Piotroski 4/8
new call this session
Highly Volatile
P/E in the 89th percentile of its own 3-year range · ROCE 14.6% (up 10.6pt over 5y) · Piotroski 7/9
Composite 61.8 Mkt Cap 4,960 cr · Micro P/E 42.74 ROCE 14.6% Piotroski 7/9

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.