Buy · Hold · Sell

Combines fundamental score (35%), valuation attractiveness (20%), technical score (20%), format directness (10%), policy beneficiary (5%), and governance/risk (10%) into a single decision.

Buy

Hold / Watchlist

Sell / Avoid

Company	Format	Mkt cap	Fund.	Tech.	Direct	1Y	Decision	Why
ITC ITC	FMCG Supplier	₹5.30L Cr	A	56	50	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Colgate-Palmolive India COLPAL	FMCG Supplier	₹78.0K Cr	A	55	60	14%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Varun Beverages VBL	FMCG Supplier	₹2.00L Cr	A	62	65	18%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Vedant Fashions (Manyavar) MANYAVAR	Modern Trade — Fashion	₹25.0K Cr	A	58	80	4%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Metro Brands METROBRAND	Modern Trade — Specialty	₹32.0K Cr	A	56	80	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Aditya Vision ADVISION	Modern Trade — Specialty	₹5.4K Cr	A	68	82	18%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Apollo Hospitals APOLLOHOSP	Pharmacy Retail	₹1.00L Cr	A	65	35	18%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Marico MARICO	FMCG Supplier	₹85.0K Cr	A	60	60	22%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Phoenix Mills PHOENIXLTD	Real Estate	₹60.0K Cr	A	58	70	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Reliance Industries RELIANCE	Modern Trade — Grocery	₹17.50L Cr	A	55	50	0%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Vishal Mega Mart VMM	Modern Trade — Grocery	₹65.0K Cr	B+	70	85	32%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Eternal (Zomato) ETERNAL	Quick Commerce	₹2.45L Cr	B+	78	95	38%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Safari Industries SAFARI	Modern Trade — Specialty	₹9.5K Cr	B+	56	70	5%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Bikaji Foods BIKAJI	FMCG Supplier	₹18.0K Cr	B+	60	70	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Transport Corp of India TCI	Logistics — 3PL	₹9.8K Cr	B+	56	75	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Embassy Office Parks REIT EMBASSY	Real Estate	₹38.0K Cr	B+	60	30	12%	Hold / Watchlist	Quality acceptable, await better entry or operating data
V2 Retail V2RETAIL	Modern Trade — Fashion	₹5.8K Cr	B+	80	82	165%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Kalyan Jewellers KALYANKJIL	Modern Trade — Specialty	₹60.0K Cr	B+	65	82	8%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Electronics Mart India EMIL	Modern Trade — Specialty	₹6.8K Cr	B+	58	80	5%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Dodla Dairy DODLA	Dairy / Agri	₹6.8K Cr	B+	60	65	18%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Mrs. Bectors Food BECTORFOOD	FMCG Supplier	₹9.5K Cr	B+	58	65	10%	Hold / Watchlist	Quality acceptable, await better entry or operating data
PN Gadgil Jewellers PNGJL	Modern Trade — Specialty	₹9.5K Cr	B+	60	78	10%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Jubilant FoodWorks JUBLFOOD	QSR / Casual Dining	₹45.0K Cr	B+	55	80	12%	Hold / Watchlist	Quality acceptable, await better entry or operating data
Trent TRENT	Modern Trade — Fashion	₹1.95L Cr	A+	76	88	12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Avenue Supermarts (DMart) DMART	Modern Trade — Grocery	₹2.85L Cr	A+	64	90	-2%	Hold	Mid-cycle — neither cheap nor a clear breakout
Titan Company TITAN	Modern Trade — Specialty	₹3.20L Cr	A+	60	85	-2%	Hold	Mid-cycle — neither cheap nor a clear breakout
Hindustan Unilever HINDUNILVR	FMCG Supplier	₹5.75L Cr	A	50	60	-2%	Hold	Mid-cycle — neither cheap nor a clear breakout
Nestle India NESTLEIND	FMCG Supplier	₹2.20L Cr	A	52	60	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Britannia BRITANNIA	FMCG Supplier	₹1.30L Cr	A	48	60	-6%	Hold	Mid-cycle — neither cheap nor a clear breakout
Info Edge NAUKRI	Payments / Tech	₹95.0K Cr	A	45	50	0%	Hold	Mid-cycle — neither cheap nor a clear breakout
Page Industries PAGEIND	Modern Trade — Specialty	₹51.0K Cr	A	50	75	-4%	Hold	Mid-cycle — neither cheap nor a clear breakout
MapmyIndia (CE Info) MAPMYINDIA	Payments / Tech	₹11.0K Cr	A	50	50	-10%	Hold	Mid-cycle — neither cheap nor a clear breakout
Go Fashion (India) GOCOLORS	Modern Trade — Fashion	₹4.2K Cr	B+	50	85	-18%	Hold	Mid-cycle — neither cheap nor a clear breakout
Tata Consumer Products TATACONSUM	FMCG Supplier	₹1.00L Cr	B+	50	65	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Dabur India DABUR	FMCG Supplier	₹92.0K Cr	B+	45	60	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Blue Dart Express BLUEDART	Logistics — 3PL	₹16.0K Cr	B+	48	80	-2%	Hold	Mid-cycle — neither cheap nor a clear breakout
Godrej Consumer GODREJCP	FMCG Supplier	₹1.10L Cr	B+	50	60	-2%	Hold	Mid-cycle — neither cheap nor a clear breakout
Container Corp of India CONCOR	Logistics — 3PL	₹51.0K Cr	B+	45	60	-12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Brookfield India REIT BIRET	Real Estate	₹13.0K Cr	B+	54	30	8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Kewal Kiran Clothing KKCL	Modern Trade — Fashion	₹3.0K Cr	B	48	70	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Senco Gold SENCO	Modern Trade — Specialty	₹4.5K Cr	B	50	78	-12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Nykaa (FSN E-Commerce) NYKAA	E-Commerce	₹56.0K Cr	B	58	92	8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Emami EMAMILTD	FMCG Supplier	₹23.0K Cr	B	48	60	-10%	Hold	Mid-cycle — neither cheap nor a clear breakout
Hatsun Agro HATSUN	Dairy / Agri	₹26.0K Cr	B	50	65	4%	Hold	Mid-cycle — neither cheap nor a clear breakout
Gateway Distriparks GATEWAY	Logistics — 3PL	₹4.5K Cr	B	48	60	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
V-Mart Retail VMART	Modern Trade — Fashion	₹5.2K Cr	B	58	85	14%	Hold	Mid-cycle — neither cheap nor a clear breakout
Heritage Foods HERITGFOOD	Dairy / Agri	₹4.2K Cr	B	50	65	12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Swiggy SWIGGY	Food Delivery	₹1.10L Cr	B	52	95	-12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Shoppers Stop SHOPERSTOP	Modern Trade — Fashion	₹6.8K Cr	B	54	78	-5%	Hold	Mid-cycle — neither cheap nor a clear breakout
Cantabil Retail CANTABIL	Modern Trade — Fashion	₹1.4K Cr	B	52	70	8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Delhivery DELHIVERY	Logistics — 3PL	₹28.0K Cr	B	50	90	5%	Hold	Mid-cycle — neither cheap nor a clear breakout
Snowman Logistics SNOWMAN	Logistics — Cold Chain	₹1.8K Cr	B	56	88	8%	Hold	Mid-cycle — neither cheap nor a clear breakout
PB Fintech POLICYBZR	Payments / Tech	₹75.0K Cr	B	65	50	28%	Hold	Mid-cycle — neither cheap nor a clear breakout
Aditya Birla Lifestyle Brands ABLBL	Modern Trade — Fashion	₹18.0K Cr	B	52	78	0%	Hold	Mid-cycle — neither cheap nor a clear breakout
Campus Activewear CAMPUS	Modern Trade — Specialty	₹7.8K Cr	B	45	72	-10%	Hold	Mid-cycle — neither cheap nor a clear breakout
Arvind Fashions ARVINDFASN	Modern Trade — Fashion	₹6.5K Cr	B	50	78	-10%	Hold	Mid-cycle — neither cheap nor a clear breakout
Patanjali Foods PATANJALI	FMCG Supplier	₹65.0K Cr	B	52	55	4%	Hold	Mid-cycle — neither cheap nor a clear breakout
MedPlus Health MEDPLUS	Pharmacy Retail	₹9.5K Cr	B	48	88	-12%	Hold	Mid-cycle — neither cheap nor a clear breakout
Awfis Space Solutions AWFIS	Real Estate	₹5.2K Cr	B	48	25	12%	Hold	Mid-cycle — neither cheap nor a clear breakout
FirstCry (Brainbees) FIRSTCRY	E-Commerce	₹22.0K Cr	C	45	90	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Devyani International DEVYANI	QSR / Casual Dining	₹22.0K Cr	C	45	78	6%	Hold	Mid-cycle — neither cheap nor a clear breakout
Aditya Birla Fashion (ABFRL) ABFRL	Modern Trade — Fashion	₹22.0K Cr	C	48	80	-8%	Hold	Mid-cycle — neither cheap nor a clear breakout
Paytm (One97) PAYTM	Payments / Tech	₹65.0K Cr	C	60	60	78%	Hold	Mid-cycle — neither cheap nor a clear breakout
IndiaMART INDIAMART	Payments / Tech	₹14.0K Cr	A	38	70	-22%	Sell / Avoid	Weak technicals + expensive valuation
TCI Express TCIEXP	Logistics — 3PL	₹3.3K Cr	B	35	78	-28%	Sell / Avoid	Weak technicals + expensive valuation
Bata India BATAINDIA	Modern Trade — Specialty	₹17.0K Cr	B	42	78	-18%	Sell / Avoid	Weak technicals + expensive valuation
Relaxo Footwears RELAXO	Modern Trade — Specialty	₹11.0K Cr	B	38	70	-28%	Sell / Avoid	Weak technicals + expensive valuation
Westlife Foodworld WESTLIFE	QSR / Casual Dining	₹12.0K Cr	B	42	80	-22%	Sell / Avoid	Weak technicals + expensive valuation
Just Dial JUSTDIAL	Payments / Tech	₹9.0K Cr	B	42	65	-8%	Sell / Avoid	Weak technicals + expensive valuation
TTK Prestige TTKPRESTIG	Modern Trade — Specialty	₹11.0K Cr	B	38	65	-10%	Sell / Avoid	Weak technicals + expensive valuation
Sapphire Foods SAPPHIRE	QSR / Casual Dining	₹9.5K Cr	B	38	78	-25%	Sell / Avoid	Weak technicals + expensive valuation
Sula Vineyards SULA	Beverages / Alco-bev	₹3.2K Cr	B	35	70	-32%	Sell / Avoid	Weak technicals + expensive valuation
VRL Logistics VRLLOG	Logistics — 3PL	₹4.5K Cr	B	42	70	-10%	Sell / Avoid	Weak technicals + expensive valuation
Adani Wilmar (AWL Agri) AWL	FMCG Supplier	₹38.0K Cr	C	42	55	-22%	Sell / Avoid	Weak technicals + expensive valuation
Stove Kraft STOVEKRAFT	Modern Trade — Specialty	₹2.8K Cr	C	40	65	-22%	Sell / Avoid	Weak technicals + expensive valuation
Honasa Consumer (Mamaearth) HONASA	D2C	₹11.0K Cr	C	35	85	-45%	Sell / Avoid	Weak technicals + expensive valuation
Gopal Snacks GOPAL	FMCG Supplier	₹4.2K Cr	C	32	65	-28%	Sell / Avoid	Weak technicals + expensive valuation
Parag Milk Foods PARAGMILK	Dairy / Agri	₹2.4K Cr	C	40	65	-22%	Sell / Avoid	Weak technicals + expensive valuation
Allcargo Logistics ALLCARGO	Logistics — 3PL	₹3.2K Cr	C	38	70	-22%	Sell / Avoid	Weak technicals + expensive valuation
Entero Healthcare ENTERO	Pharmacy Retail	₹5.8K Cr	C	38	68	-22%	Sell / Avoid	Weak technicals + expensive valuation
Speciality Restaurants SPECIALITY	QSR / Casual Dining	₹1.1K Cr	C	42	70	0%	Sell / Avoid	Weak technicals + expensive valuation
VIP Industries VIPIND	Modern Trade — Specialty	₹5.0K Cr	D	35	70	-32%	Sell / Avoid	Capital-destroying ROCE
Restaurant Brands Asia RBA	QSR / Casual Dining	₹4.5K Cr	D	38	78	-30%	Sell / Avoid	Capital-destroying ROCE
Mahindra Logistics MAHLOG	Logistics — 3PL	₹2.5K Cr	D	32	78	-32%	Sell / Avoid	Capital-destroying ROCE
Spencer's Retail SPENCERS	Modern Trade — Grocery	₹1.1K Cr	D	35	80	-22%	Sell / Avoid	Capital-destroying ROCE
Barbeque-Nation BARBEQUE	QSR / Casual Dining	₹1.2K Cr	D	32	70	-38%	Sell / Avoid	Capital-destroying ROCE