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.

STOCKS TRADING BELOW QIP PRICES List of stocks that have declined (%) from their QIP prices . 1. Hi-Tech Pipes: -66% 2. Swiggy: -53% 3. IREDA: -40% 4. INOX Green Energy Services: -35% 5. Anant Raj: -33% 6. Adani Energy Solutions: -24% 7. TD Power Systems: -17% 8. Globus Spirits: -15% 9. KIMS: -15% 10. Goldiam International: -12% 11. Bharat Forge: -9% 12. Netweb Technologies: -9% 13. Belrise Industries: -7% 14. Neogen Chemicals: -4% 15. APAR Industries: -3% @SumitResearch #StockMarket #stockmarketcrash

COMPANIES THAT GAVE REPORTED GOOD RESULTS IN Q2FY27 1. Steel Strips Wheels 2. Garware Hi-Tech Films 3. HFCL 4. Sterlite Technologies 5. Lumax Auto Technologies 6. Piramal Capital & Housing Finance 7. Tatva Chintan Pharma Chem 8. Hindustan Zinc 9. Varmora Granito 10. Bajaj Finance 11. AksharChem India 12. Aptus Pharma 13. Union Bank of India 14. Elevate Campuses 15. UltraTech Cement 16. Bhansali Engineering Polymers (BEPL) 17. L&T Technology Services (LTTS) 18. Koura Fine Diamond Jewelry 19. Mangalam Global Enterprises 20. Netweb Tech No Recommendation @SumitResearch #Q2FY27 #stockmarketsindia

FALLEN FROM ALL-TIME HIGHS, STILL LOSS-MAKING: INVESTORS BEWARE! 1. Swiggy: Fall From Life High -70% TTM Loss: -3578 Cr 2. Brainbees: Fall From High -75% TTM Loss: -181 Cr 3. Alok Ind Fall From High -90% TTM Loss: -757 Cr 4. AB Fashion Fall From High -70% TTM Loss: -845 Cr 5. Ola Electric Fall From High -80% TTM Loss: -1741 Cr 6. Tejas Network Fall From High -75% TTM Loss: -817 Cr 7. Devyani Intl Fall From High -50% TTM Loss: -28 Cr 8. One Source Speciality Fall From High -40% TTM Loss: -50 Cr 9. Urban Company Fall From High -35% TTM Loss: -457 Cr 10. Piramal Pharma Fall From High -40% TTM Loss: -314 Cr No recommendation @SumitResearch #stockmarketsindia #StockToWatch

COFFEE CAN INVESTING वालों का क्या हुआ? 5 साल में QUALITY STOCKS का हाल देखिए! Stocks Fall from ALL TIME HIGHS 1. Relaxo Footwears: -82% 2. Tata Consultancy Services: -47% 3. Dixon Technologies: -44% 4. ICICI Lombard General Insurance: -47% 5. Varun Beverages: -42% 6. Page Industries: -42% 7. Central Depository Services: -42% 8. Asian Paints: -39% 9. Hindustan Unilever: -42% 10. Berger Paints India: -37% 11. HDFC Life Insurance: -37% 12. HDFC Bank: -32% 13. Britannia Industries: -32% 14. Maruti Suzuki: -37% 15. ITC: -52% 16. Varun Beverages: -42% 17. Nestlé India: -25% 18. Bajaj Finance: -27% 19. Polycab India: -27% 20. Pidilite Industries: -22% 21. DMart : -49% 22. Titan Company: -17% @SumitResearch #StockMarketIndia #stockmarketcrash

NIFTY 50 के 50% से ज़्यादा STOCKS BEAR MARKET में! List of stocks in Bear Market 1. Asian Paints 2. TCS 3. Wipro 4. TCS 5. HUL 6. ITC 7. Trent 8. M&M 9. RIL 10. TMPV 11. Adani Enterprises 12. HDFC Bank 13. Maruti Suzuki 14. HCL Tech 15. InterGlobe Aviation 16. Max Healthcare 17. SBI Life 18. BSE 19. Jio Financial 20. NTPC 21. ONGC 22. Power Grid 23. Cipla 24. Nestle 25. Tata Steel 26. SBI 27. HDFC Insurance @SumitResearch #StockMarket #stockmarketcrash

WHO BUILDS THE ENGINES THAT POWER GLOBAL AVIATION! 1. GE Aerospace : USA 2. Rolls-Royce : UK 3. Pratt & Whitney : USA 4. Honeywell : USA 5. Safran : France 6. MTU Aero Engines : Germany 7. Rolls-Royce (Defence) : UK 8. IAE (International Aero Engines) : International 9. CFM International : France / USA 10. BRP Aero Engines : Canada 11. Williams International : USA 12. LEAP Engine Programme : France / USA 13. AVIC : China 14. COMAC : China 15. Kawasaki Heavy Industries : Japan 16. IHI Corporation : Japan 17. Mitsubishi Heavy Industries : Japan 18. Aerzen : Germany 19. ST Engineering : Singapore 20. Textron Aviation : USA #StocksToWatch

INDIAN AUTO ANCILLARY STOCKS

जो दूसरों के लिए SCRAP, वो इनके लिए BUSINESS! Companies into Scrap recycling with Segment . 1. Gravita India (GRAVITA) : Lead, aluminium, copper, plastics and lithium. 2. Jain Resource Recycling (JAINREC) : Copper, lead and aluminium multi-metal recycling. 3. Pondy Oxides & Chemicals (POCL) : Lead, copper, aluminium and plastics. 4. Arfin India (ARFIN) : Aluminium deoxidisers and alloys. 5. Nupur Recyclers (NRL) : Non-ferrous scrap trading. 6. Sunlite Recycling (SUNLITE) : Copper rods, wires and busbars. 7. Namo eWaste Management (NAMOEWASTE) : E-waste and lithium-ion batteries. 8. Eco Recycling (ECORECO) : E-waste and precious metals. 9. Baheti Recycling (BAHETI) : Aluminium alloys and deoxidisers. 10. Nile Ltd (NILE) : Lead and lithium-ion batteries. 11. Bhagyanagar India (BHAGYANGR) : Copper and industrial recycling. 12. Siyaram Recycling (SIYARAM) : Brass scrap and components. No Recommendation. #StocksToWatch #stockmarket

THE CRAZY ONION STORY

L&T TECHNOLOGY SERVICES – Q2FY27 CONCALL 1. FINANCIAL PERFORMANCE * Revenue ₹3,040 Cr (+12.1% YoY). * EBIT margin 16.3%, up 220 bps YoY. * Net income ₹548 Cr (+66.8% YoY), including ₹165 Cr one-time divestment gain. * Interim dividend: ₹20/share. * Free cash flow ₹790 Cr; cash and investments ₹4,197 Cr. 2. LARGE DEALS AND AI * Large deal TCV reached $203 million. * Over 50% of deal wins were AI-led. * AI-led revenue contributed approximately 9.5% of quarterly revenue. * AI One platform offers 100+ AI solutions. * AI upskilling covered approximately 67% of employees. 3. SEGMENT PERFORMANCE * Sustainability revenue grew 13.4% YoY, contributing 38% of revenue. * Mobility revenue grew 2.3% QoQ, supported by North America. * Technology margins improved to 12%; growth may remain muted in Q3. * Management expects another double-digit growth year in Sustainability. 4. DATA CENTRE OPPORTUNITY * Dedicated data-centre engineering business established. * Opportunities include AI infrastructure, GPU validation, HVAC and autonomous AIOps. * Management expects data centres to become a key growth driver. 5. MOBILITY AND EUROPE * Automotive contributes approximately 50% of Mobility revenue. * North American automotive remains strong, while Europe faces challenges. * European automotive recovery expected in 9–12 months. * Aerospace, rail, EVs and AI-defined mobility offer growth opportunities. 6. SWC DIVESTMENT * Smart World Communications divestment completed. * One-time gain of ₹165 Cr recognised. * Future reporting will reflect continuing operations. 7. MARGINS AND COSTS * EBIT margin reached 16.3%, achieving the mid-16% aspiration ahead of schedule. * Wage hikes in Q3 may impact margins by 50–80 bps. * Management aims to maintain mid-16% margins through cost efficiencies. 8. MANAGEMENT GUIDANCE * H2 FY27 expected to outperform H1. * Five-year revenue CAGR aspiration: 13–15%. * Long-term EBIT margin target: 16–17%. * AI revenue and large-deal ramp-ups expected to support growth. 9. KEY RISKS AND MONITORABLES * European automotive recovery remains uncertain. * Q3 technology growth may remain muted. * Wage hikes could pressure margins. * Large-deal conversion and AI commercialisation remain critical. 10. KEY TAKEAWAY * Stronger revenue growth and improved profitability. * Sustainability, AI and data-centre engineering are key growth drivers. * H2 performance is expected to improve, with mid-16% margins remaining the near-term priority. @LnTTechservices #Q2FY27 #stockmarket

REVENUE PER EMPLOYEE OF LISTED BANKS 1. IDBI Bank: ₹46 L 2. ICICI Bank: ₹39 L 3. HDFC Bank: ₹35 L 4. Federal Bank: ₹24 L 5. Axis Bank: ₹23.8 L 6. Kotak Mahindra Bank: ₹19 L 7. IndusInd Bank: ₹2 L #stockmarketsindia #bank

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