Nifty 50: The Biggest Lesson from 15 Years of Market History The chart of Nifty 50 TRI (Total Return Index) from June 2009 to September 2026 highlights one of the most important principles of long-term investing: the majority of stock market returns often come in short, powerful phases, while investors may spend years waiting for those phases to arrive. The chart suggests that 15 years of returns have been concentrated in just four major rallies, with intervening periods of consolidation lasting two to three years. This has significant implications for investors, portfolio management and market timing. 1. Returns are concentrated in a few powerful rallies The chart highlights four major upward phases with approximate returns of 41%, 21%, 57% and 23%. These rallies occurred after extended periods of sideways movement or consolidation. The 57% rally following the 2020 market crash is particularly striking, demonstrating how rapidly markets can recover after periods of extreme pessimism. The fundamental lesson is that stock market returns are not generated evenly every year. Economic recovery, improving corporate earnings, liquidity and changing investor expectations can combine to produce sharp upward movements over relatively short periods. 2. Consolidation does not necessarily mean the market is fundamentally weak The chart identifies multiple periods lasting two to three years when the index moved sideways. Such phases can frustrate investors, especially those expecting consistent annual returns. However, sideways markets can serve an important purpose. During consolidation, corporate earnings may catch up with valuations, balance sheets may strengthen, and weaker businesses may lose market share to stronger competitors. If earnings continue growing while prices remain stagnant, valuations can become more reasonable. That said, consolidation alone does not guarantee future gains. Investors must still evaluate earnings growth, valuations and the broader economic environment. 3. Missing a rally can materially affect long-term returns The chart illustrates why exiting equities completely during uncertain periods can be risky. Investors who sell during corrections and wait for confidence to return may miss a substantial portion of the subsequent recovery. Markets frequently begin recovering before economic data and investor sentiment improve visibly. This makes consistently predicting market bottoms extremely difficult. A disciplined asset-allocation strategy, rather than emotional entry and exit decisions, can help investors participate in recoveries while maintaining an appropriate level of risk. 4. Time in the market matters, but patience alone is not enough Long-term investing rewards patience, but it should not mean holding every stock indefinitely. An index represents a diversified basket of businesses, whereas an individual company can suffer permanent capital impairment because of excessive debt, poor management, weak competitiveness or deteriorating earnings. Therefore, investors should distinguish between temporary market volatility and permanent business deterioration. 5. The biggest takeaway for investors The chart supports an important observation: a large proportion of long-term market gains can be concentrated in relatively short periods. However, the exact claim that 70–80% of returns occur in 20–30% of the time should be treated as an observation from the chart, not a universal rule. Also, Nifty 50 TRI includes reinvested dividends, making it a more comprehensive measure of shareholder returns than the price index alone. Conclusion: Investors should not expect the stock market to deliver smooth, predictable returns every year. There can be long stretches of frustration followed by powerful rallies. The key is to remain invested according to one's financial goals, avoid excessive leverage, maintain diversification and focus on business fundamentals.

INDIA’S DEFENCE MANUFACTURING ECOSYSTEM 1. AIR SYSTEMS Adani Defence & Aerospace Larsen & Toubro (L&T) Hindustan Aeronautics (HAL) Mahindra Tata Advanced Systems Paras Defence Dynamatic Technologies 2. UNMANNED SYSTEMS (DRONES) IG Drones Asteria Aerospace DroneAcharya Garuda Aerospace Adani Defence & Aerospace Big Bang Boom Solutions ideaForge Technology Sole Intelligence 3. ELECTRONICS SYSTEMS Bharat Electronics (BEL) Paras Defence Centum Electronics Optimized Electrotech Tata Elxsi 4. LAND SYSTEMS Ashok Leyland Mahindra Bharat Forge Art of Metal MKU 5. NAVAL SYSTEMS Larsen & Toubro (L&T) Mazagon Dock Shipbuilders Hindustan Shipyard (HSL) @SumitResearch #stockmarketsindia

CEAT CONCALL

COMPANIES THAT HAVE REPORTED GOOD RESULTS IN Q2FY27 1. ICICI Bank 2. Ujjivan Small Finance Bank 3. E2E Networks 4. Raghav Productivity 5. Kross Ltd 6. Onward Technology 7. Parin Enterprises Ltd 8. Punjab National Bank 9. Bajaj Housing Finance 10. Federal Bank 11. Central Bank of India 12. Punjab & Sind Bank No Recommendation #StockMarketIndia #Q2FY27

CCL PRODUCTS CONCALL Q2FY27

GLOBAL INFLATION RATES | SEPTEMBER 2026 (YOY) 1. Argentina : 33.4% 2. Turkey : 29.7% 3. Nigeria : 15.5% 4. Pakistan : 10.3% 5. Bangladesh : 8.3% 6. Russia : 6.4% 7. India : 5.5% 8. Spain : 4.9% 9. Brazil : 4.6% 10. Italy : 4.2% 11. USA : 3.7% 12. Mexico : 3.5% 13. Netherlands : 3.4% 14. Indonesia : 3.3% 15. Germany : 3.3% #inflation #StockMarketNews

GROWW CONCALL

Congratulations @vikaskhemani Sir and @SumitResearch Sir for the podcast .

CANARA BANK Q2FY27 CONCALL 1. FINANCIAL PERFORMANCE * Global business grew 15.88% YoY to ₹30.72 lakh Cr. * Deposits rose 13.13% to ₹16.97 lakh Cr; advances grew 19.46% to ₹13.75 lakh Cr. * Net profit reached a record ₹5,175 Cr, up 8.4% YoY. * NII grew 20.39% YoY; NIM stood at 2.55%. * ROA: 1.04%; ROE: 18.49%. 2. ADVANCES & LOAN GROWTH * RAM advances grew ~21.3%; retail credit surged 31.61% YoY. * Vehicle loans grew 25.5%; housing loans 17.35%; MSME 15.49%. * Gold loan portfolio reached ₹2.82 lakh Cr, with yield at 9.10%. 3. ASSET QUALITY * Gross NPA improved to 1.33%; Net NPA to 0.30%. * PCR stood at 95.34%; credit cost at 0.47%. * Annualised slippage ratio improved to 0.58%. * Management reported no significant overall portfolio stress. 4. DEPOSIT MIX & FUNDING COST * CASA ratio stood at 29% against 30–32% guidance. * FCNR-B deposits reached ~₹55,000 Cr. * Deposit cost savings were ~100 bps, supported by lower-cost funding. 5. TREASURY & ECL PROVISIONING * Treasury performance weakened amid rising bond yields. * Estimated ECL transition provisioning: ₹12,000–15,000 Cr. * Management expects provisioning over two years, supported by profitability and asset quality. 6. GROWTH PIPELINE & OPPORTUNITIES * Corporate loan pipeline stands at ~₹50,000 Cr, including ₹17,000 Cr sanctioned but undisbursed. * Key opportunities include green energy, power infrastructure, battery storage and data centres. * Digital expansion targets QR payments, school fees and payment gateways. 7. MANAGEMENT GUIDANCE & OUTLOOK * Business, advances and deposit growth all exceeded guidance. * NIM guidance remains 2.50–2.60%; current NIM is 2.55%. * GNPA, NNPA and credit costs are better than guided levels. * Management retained existing guidance and expects sustained growth. 8. KEY RISKS & MONITORABLES * Rising bond yields and ECL provisioning may pressure profitability. * CASA remains below the guided range. * Monitor drought-related exposure of ₹13,000–14,000 Cr. * Track NIM sustainability, slippages, capital adequacy and loan pipeline execution. @canarabank

TATA ELXSI – Q2FY27 CONCALL 1. FINANCIAL PERFORMANCE * Revenue ₹1,055.7 Cr; constant-currency growth 2.3%. * EBITDA ₹231.4 Cr, up 19.7% YoY and 7.1% QoQ. * EBITDA margin improved to 21.9%, up 70 bps QoQ. * Wage hikes were offset by operational leverage. * US and India performed well; Europe remained weak. 2. VERTICAL-WISE PERFORMANCE * Transportation grew 2% QoQ. * Media & Communications grew 3.4% QoQ. * Healthcare & Life Sciences grew 3.5% QoQ. * Automotive growth was led by the US and India. * Aerospace, defence and emerging businesses gained traction. 3. MAJOR DEAL WINS * Won connected-vehicle and AI-powered virtual assistant deals. * Partnered with Sarla Aviation on its Shunya eVTOL aircraft. * Secured aerospace validation and home-dialysis engineering deals. * Large deals typically require 2–3 quarters to ramp up. 4. MARGIN IMPROVEMENT & COST CONTROL * Cross-currency benefits added 60–70 bps; operational leverage contributed 10–20 bps. * Utilisation improved to 78%, against a historical peak of 81–82%. * Wage hikes are largely completed. * Gradual margin improvement expected over the next 2–3 quarters. * Focus on workforce optimisation and calibrated hiring. 5. AI & EMERGING OPPORTUNITIES * AI spending faces greater scrutiny on measurable returns. * Opportunities in aerospace, defence and off-highway engineering. * Smart manufacturing and battery storage remain exploratory. * AI-first offerings remain a strategic priority. 6. GUIDANCE & MANAGEMENT OUTLOOK * No formal revenue guidance or FY27 revision. * H2 revenue expected to exceed H1 on a YoY basis. * Healthcare and Media & Communications expected to support growth. * Automotive growth expected to continue in the US and India. * Europe remains uncertain; gradual margin improvement expected. 7. KEY RISKS & MONITORABLES * Weak European automotive demand and delayed deal closures. * Revenue delays from slower project ramp-ups. * AI spending dependent on customer ROI. * Monitor utilisation, employee retention, margins and H2 revenue delivery. @tataelxsi #stockmarket #concall

SEMICONDUCTOR & MEMORY STOCKS: FORWARD P/E AND PEG RATIOS 1. SK Hynix : PE: 4.4x PEG: 0.04x 2. Micron : PE: 4.6x PEG: 0.11x 3. SanDisk : PE: 5.5x PEG: 0.10x 4. NVIDIA : PE: 14.2x PEG: 0.22x 5. Broadcom : PE: 18.2x PEG: 0.28x 6. Applied Optoelectronics : PE: 18.2x PEG: N/A 7. ON Semiconductor : PE: 19.6x PEG: 0.56x 8. TSMC : PE: 19.7x PEG: 0.49x 9. Coherent : PE: 20.1x PEG: 0.39x 10. Credo Technology : PE: 20.4x PEG: 0.39x 11. Applied Materials : PE: 26.5x PEG: 0.70x 12. Lam Research : PE: 25.9x PEG: 0.75x 13. Lumentum : PE: 28.6x PEG: 0.37x 14. KLA : PE: 28.0x PEG: 0.94x 15. ASML : PE: 29.0x PEG: 0.75x 16. Marvell Technology : PE: 35.8x PEG: 0.57x 17. AMD : PE: 36.6x PEG: 0.47x 18. Intel : PE: 47.1x PEG: 0.49x #AIBOOM #nasdaq #usastocks

₹100 INVESTED IN OCTOBER 2024 IN DIFFERENT INDICES OF WORLD ! आज से 2 साल पहले दुनिया के अलग-अलग शेयर बाजारों में ₹100 लगाए होते, तो आज कितने होते? 1. South Korea : Kospi Worth Oct 26: 255 2. Taiwan : Taiex Worth Oct 26: 217 3. Japan : Nikkei 225 Worth Oct 26: 176 4. Brazil : Ibovespa Worth Oct 26: 160 5. Singapore : Straits Times Worth Oct 26: 150 6. USA : Nasdaq Composite Worth Oct 26: 150 7. USA : S&P 500 Worth Oct 26: 135 8. Britain : FTSE 100 Worth Oct 26: 128 9. Eurozone : Euro Stoxx 50 Worth Oct 26: 124 10. USA : Dow Jones Worth Oct 26: 121 11. Hong Kong : Hang Seng Worth Oct 26: 117 12. China : Shanghai Composite Worth Oct 26: 117 13. India : Nifty 50 Worth Oct 26: 90 14. India : Sensex Worth Oct 26: 89 15. Indonesia : Jakarta Composite Worth Oct 26: 81 #stockmarket #invest #StockMarketNews

TRANSFORMERS & RECTIFIERS (TARIL):Q2FY27 CONCALL 1. BUSINESS & FINANCIAL PERFORMANCE * Q2 revenue grew 66% YoY to ₹709 Cr; EBITDA rose 203% to ₹114 Cr. * EBITDA margin improved to 16.1% vs. 8.8% YoY. * H1 revenue grew 35% to ₹1,268 Cr; EBITDA rose 47% to ₹185 Cr. * Production reached ~9,500 MVA, supported by better utilisation. 2. ORDER BOOK & INFLOWS * Unexecuted order book stood at ₹7,237 Cr, up 32% YoY. * Q2 order inflows surged 97% YoY to ₹1,169 Cr. * Inquiry pipeline stands at ~₹21,000 Cr, with 80% domestic opportunities. * Around 55–60% of the order book comprises 400 kV-and-above orders. * Execution timeline: 18–24 months. 3. MAJOR ORDERS & OPPORTUNITIES * Secured first nuclear-sector order from NPCIL for Kaiga Units 5 and 6. * Received major orders from MEIL, AP Transco, DVC and Zetco. * Data centre demand remains strong in India and overseas. * BESS orders may arrive this quarter; HVDC qualification expected in ~18 months. 4. CAPACITY EXPANSION & BACKWARD INTEGRATION * Changodar capacity to rise from 12,000 to 35,000 MVA with ~₹150 Cr capex. * Pressboard and CTC plants will support capacity expansion and backward integration. * CTC capacity: 3,000 MTPA; commercial production expected in Q4 FY27. * Backward integration could improve EBITDA margins by 200–300 bps by FY29. * No additional capex funding is expected for current expansion plans. 5. FY27 GUIDANCE & LONG-TERM OUTLOOK * FY27 revenue growth guidance maintained at 25%+. * PAT margin guidance unchanged at 9–10%. * $1 billion revenue target by late FY29 or early 2030. * UK subsidiary established to expand into UK and European markets. * Growth drivers include renewables, grid modernisation, data centres, rail electrification and EV infrastructure. 6. WORKING CAPITAL & CASH FLOW * Standalone debt: ~₹575 Cr; debt-to-equity: 0.35x. * Cash: ₹77 Cr; inventory: ₹654 Cr; receivables: ₹1,053 Cr. * Working capital cycle: ~154 days, targeted to fall to 110–120 days by FY27-end. * Focus on collections, inventory management and timely execution. 7. KEY TAKEAWAYS * Strong revenue and EBITDA growth driven by better utilisation and operating leverage. * ₹7,237 Cr order book provides strong medium-term revenue visibility. * Capacity expansion and backward integration offer growth and margin potential. * FY27 guidance remains unchanged despite strong Q2 performance. * Key monitorables: commissioning, execution, margins, working capital and raw material availability.

INDIA FINANCE MINISTER SAYS HEALTHY TO HAVE DEBATE ON STT Current STT status Delivery: 0.10% Intraday: 0.025% Futures: 0.05% Options: 0.15% @nsitharamanoffc #stt #ltcg #StockMarketNews

MDR DELAYED TO POST FESTIVAL SEASON Paytm : -6% Pine Labs -5% #mdr #paytm #pinelabs @Paytm

HCL TECHNOLOGIES – Q2 FY27 CONCALL FINANCIAL PERFORMANCE Revenue: $3.72 Bn (+2.6% YoY) Services Revenue: $3.44 Bn (+4% YoY) EBIT Margin: 18.2% Net Income: $538 Mn Interim Dividend: ₹12/share ADVANCED AI BUSINESS AI Revenue: $219 Mn (+78% YoY) Annualised AI Revenue: $776 Mn Agentic AI crossed $100 Mn quarterly revenue AI services margins estimated 7–10% above traditional services DEALS & PARTNERSHIPS New Bookings: $3.3 Bn (+27% YoY) Partnerships with Anthropic, OpenAI, NVIDIA, Google Cloud and Cohere AI-led deals strengthening future growth prospects CASH FLOW & OPERATIONS Free Cash Flow: $1.78 Bn Net Cash: $2.56 Bn Employee Count: 2.30 lakh Attrition: 12.8% FY27 GUIDANCE Revenue Growth: 2.5–4% Services Growth: 3–4% EBIT Margin: 17.5–18.5% KEY TAKEAWAY Strong AI growth, record H1 bookings and improving margins are positives. However, software revenue remains weak, while overall growth guidance remains cautious. #HCLTech #Q2FY27 #ITStocks #ArtificialIntelligence

EARNINGS GROWTH ALERT: COMPANIES WITH AGGRESSIVE GUIDANCE 1. Accord Transformer : 70–80%, FY27 2. Allied Digital Serv: 15–20%, Next 2 Years 3. Amir Chand JK : 27–28%, FY27 4. Anand Rathi Share : 20%, Medium Term 5. Apeejay Surrendra Park Hotels : High Single Digit %, FY27 6. Arihant Superstructures : 20–25%, FY27 7. Australian Premium Solar: 30–35%, FY27 8. Avience Biomedical : ~50–60%, FY27 9. BLS International Services : ~20%, FY27 10. Brahmaputra Infra: 25–30%, Through 2030 11. Capri Global : 30%+, Next 2 Years 12. Choice Int: 40–50%, Next 4 Years 13. Cosmic CRF : 25–30%, FY27 14. Deep Ind : 25–30%+, Next 3 Years 15. Diffusion Engineers : 20–25%, FY27 16. Entero Healthcare : 23%, FY27 17. HFCL : Minimum 60%, FY27 18. Inox Wind : 75%, FY27 19. Welspun Enterprises : 10–15%, FY27 20. Welspun Enterprises : 15–20%, Medium Term No Recommendation #stockmarket #stockmarketnews

ACE INVESTORS PORTFOLIO CORRECTION

STRONG ACCUMALATION BY FUND HOUSES IN SEPTEMBER 1. Meesho: ₹2,550 Cr 2. Molbio Diagnostics: ₹2,100 Cr 3. BSE Ltd: ₹1,677 Cr 4. Pine Labs: ₹1,484 Cr 5. SEDEMAC Mechatronics: ₹1,469 Cr 6. Avalon Technologies: ₹871 Cr 7. Welspun Living: ₹526 Cr 8. Corona Remedies: ₹509 Cr 9. CAMS: ₹498 Cr 10. Escorts Kubota: ₹362 Cr No Recommendation #StockInNews #stockmarket

INDIA’S BIGGEST PROJECT & ORDER BOOK COMPANIES 1. Larsen & Toubro: ₹7,40,329 Cr 2. NBCC: ₹1,27,867 Cr 3. RVNL: ₹93,499 Cr 4. Waaree Energies: ₹61,502 Cr 5. KEC International: ₹39,000+ Cr 6. Titagarh Rail: ₹26,665 Cr 7. IRCON: ₹23,366 Cr 8. Cochin Shipyard: ₹22,000 Cr 9. J. Kumar Infra: ₹18,578 Cr 10. Mazagon Dock: ₹18,218 Cr No Recommendation #StockInNews #stockmarket