bad news for admirers of China

🚨‼️🇨🇳China’s stock wipeout:

📉 Over ¥886.6 billion ($131B) erased.

The SSE falls 1.3% to a 14-month low, while the CSI 300 sinks 20% from its June peak—entering bear market territory.

Photo from Srikanth Matrubai

Photo from Srikanth Matrubai

Buy Nippon Life India Asset Management; target of Rs 1200: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Colgate Palmolive has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated October 23, 2026.

Photo from Srikanth Matrubai

*MOFSL on Piramal Finance*
BUY rating; Target Price of ₹2,480
AUM expected to grow at 25% CAGR to ₹1.6 trillion by FY28
NIM projected to improve from 4.7% in FY26 to 5.9% in FY28
Higher-yielding gold loans and unsecured lending to support portfolio yields
Cost-to-income ratio declines to 52.5% as operating costs grow slower than AUM
PAT expected to grow at 55% CAGR, supported by lower costs and manageable credit costs

*UBS on Poonawala Fin*
Buy, TP Rs 600
reported strong AUM growth of 10% QoQ/55% YoY slightly ahead of estimate, reaching Rs740bn.
Newer segments including Prime Personal Loans, Gold and Education drove stronger growth momentum.
NII grew 80% YoY, 5% beat on UBSe with calculated margins expanding QoQ by 31bps, driven by increase in yield on loans.
PPOP grew 11% QoQ and was largely in-line as non-interest income was weaker than expected.
Asset quality continued to show improvement as credit cost declined more than 20bps QoQ.
RoA, as a result, improved to 2.1% from 1.9% in Q1, up 19bp QoQ

https://t.me/beautitips
Beauty tips and secrets for a forever beautiful YOU

*MS on Canfin Homes*
OW TP Rs 1055
PAT beat MSe, VA consensus by 3% on lower credit costs (7bp annualized vs MSe 15bp); NII was in-line.
Adj. disbursements, +7% YoY, missed MSe by 11%.
Loan growth, +10% YoY, missed MSe by 1.5%.
Valuation (1.2x F28e P/B) offers upside given high-teens ROE (~17% F28e), mid-teens growth.

Market Kya Lagta Hai?
Whats the Market's MOOD now?
Why is good news not showing in Sensex & Nifty?
Get clarity with data in simple language
click
https://youtu.be/KPcpNheqkk0

Photo from Srikanth Matrubai

👉🏻 *MONEY TIMES TALK* 👈🏻

24.10.2026

₹

Although Money Times recommendation have outperformed other media, stock brokers and research houses, the brief recommendations under Money Times Talk (MTT) cannot display 'BUY', 'SELL' or 'HOLD' recommendations. Readers should, therefore, exercise their own judgement and evaluate the future prospects of the stock given its past performance, Industry prospects in the backdrop of a growing economy and In consultation with their investment adviser.

As per astrology view, key turning dates are 26 and 29 October, and 2, 4, 6, 9, 11 and 13 November 2026.

Friday night closing: Dow fell 653 points, Nasdaq 54 points and S&P 42 points, while GIFT Nifty was down 65 points at 23,535, signalling a possible gap-down opening on Monday, subject to weekend developments. Brent crude above 117, is a major concern for India and equity investors. Small and mid-caps remain under pressure; don't catch a falling knife.

Astro alert: From 26-10-2026 to 31-12-2026, astrology-based forecasts suggest heavy profit booking in small- and mid-caps, with large-caps potentially outperforming. Investors may consider shifting towards large-cap funds or fixed-income instruments, reducing F&O activity and strictly avoiding MTF. Sudden rallies and sharp falls could create substantial trading risks; these forecasts are speculative and not reliable market indicators.

Very big alert: As per market grapevine, Brent crude sustaining above $117-124, Fll selling of Rs.52,000 cr. and an MTF book of Rs.1.55 lakh cr. pose major risks. If crude stays elevated and markets fail to bottom out, MTF unwinding could trigger panic selling. Strictly avoid margin-funded trading and investing; focus on a few companies with strong

Q2 results and optimistic Q3 outlooks.

Marc Faber: He believes India's great bull market is over and prefers cash and bonds-a negative signal for equity-market sentiment.

Big alert: The next Federal Reserve FOMC meeting is scheduled for 27-28 October 2026. As per market grapevine, a rate hike could pressure equities and encourage money to shift towards bonds, debt funds and bank FDs.

As per market grapevine, Indian equities have remained weak for nearly two years amid rich valuations, slower earnings growth, Fll outflows, higher rates and elevated crude prices. Small- and mid-caps remain vulnerable, so avoid catching a falling knife and focus on select companies delivering strong Q2 results with optimistic Q3 commentary.

Huge negative for equity mutual fund investors: broader-market damage is deepening. Among stocks with market caps above Rs.2,000 cr., the median stock is 27% below its 52-week high and 36% below its all-time high; 95% are down over 10% from their 52-week highs, while 86.5% delivered negative one-month returns. FIl selling of Rs.52,000 cr. and an MTF book of Rs.1.55 lakh cr. add to concerns. Large-caps may now offer better relative value than small- and mid-caps, but stock selection remains crucial.

Bank FD sahi hat. Post office saht hat. Gold saht hal. Indian equity mutual funds worst hat? Investors should compare their 1-, 2- and 3-year mutual fund returns. As per market grapevine, the government may consider LTCG/STT relief or other measures to restore investor confidence; otherwise, money could shift towards debt funds and bank FDs. Small- and mid-caps remain vulnerable-don't catch a falling knife.

Huge negative for the Indian economy and Investors: More than 180 scientists have reportedly warned of a potentially intense "Super El Niño" as India's monsoon season ends with deficient rainfall, raising concerns over weather and economic risks.

Alert: The world's largest wealth fund reportedly posted a $30 billion loss amid bond-market turbulence, highlighting risks across global financial markets.

Very big negative for equity and mutual fund investors: Goldman Sachs reportedly expects another US Fed rate hike in October, while the Fed's dot plot signals a hawkish, higher-for-longer stance. Further tightening could pressure equities and encourage flows towards bonds and bank FDs. Small- and mid-caps remain vulnerable; avoid catching a falling knife.

Big alert: Small-caps account for around 49.2% of India's outstanding MTF book despite representing only 20.1% of free-float market capitalisation-about 2.45 times their market-weighted share. This concentration raises the risk of forced selling and liquidity stress during a downturn. Avoid leveraged positions and remain cautious in smaller stocks.

Why are FIls selling Indian equities? Key concerns include dividend and capital-gains taxes, higher F&O STT, a weak rupee, limited Al-related investment opportunities and slower-than-expected nominal GDP growth. Around 20% of Nifty 50 stocks have delivered zero returns over five years, while 56% are reportedly in a bearish trend. Policy measures that restore investor confidence could help, but caution remains warranted.

Main Reasons Behind the Recent Sharp Crash in Small- and Mid-Cap Stocks: a) Heavy exposure to Margin Trading Facility (MTF). b) Mutual funds are directing substantial funds towards IPOs, OFS and QIPs instead of supporting secondary-market stocks. c) Small- and mid-caps remain under severe pressure; avoid catching a falling knife. d) High Brent crude prices could fuel inflation, negatively impacting the Indian economy and equity mutual fund investors. e) As per market grapevine, investors hope the Government and Finance Ministry will take immediate corrective measures or issue positive statements to restore domestic and foreign investor confidence. Otherwise, equity mutual fund investments could shift towards debt funds and bank FDs.

Short-Term Stocks to Watch As per Market Grapevine: Atlanta Electricals, Butterfly, Chemcon Speciality Chemicals, DCB Bank, HFCL, Indorama, Jayant Eco-Organics (JAYNECOIND), Jyoti, Pennar Industries, Rajesh Power (BSE SME), RBL Bank and Shetron. Keep these stocks on the radar/watchlist; returns are not guaranteed.

Brent Crude, Drought and Liquidity Concerns: a) Brent crude above $80 is a major negative for the Indian economy. At around $114-115, it poses a significant risk to the economy and equity mutual fund investors. b) Severe drought conditions across several states due to El Niño could further hurt the economy and investor sentiment. c) Continuous IPOS, OFS and QIPs could drain liquidity from the secondary market. d) As per market grapevine, investors hope the Government and Finance Ministry will take immediate action or issue positive statements to restore domestic and foreign investor confidence. Otherwise, funds could shift from equity mutual funds to debt funds and bank FDs.

Fed Rate Decision on 28 October 2026: If the US Federal Reserve raises interest rates, SIP stoppages could rise and investors may shift from equity mutual funds to bank FDs and bonds, as per market grapevine. Small- and mid-caps remain under severe pressure; avoid catching a falling knife.

Huge negative for equity mutual fund investors: Foreign investors have withdrawn nearly $63.6 billion from Indian equities, almost wiping out net buying over the past nine years and taking cumulative net inflows since 2014 close to zero.

As per market veteran, much of the correction in Indian small-, mid-and micro-caps may be behind us, but valuations remain expensive versus large-caps. Large-caps look attractive, buying interest is gradually returning, and Al-related opportunities could support IT companies despite limited deflationary impact in H2FY27.

Astro junction: Rahu remains in Dhanishta nakshatra until 05-12-2026, while Saturn remains retrograde until 11 December. Astrology-based views suggest volatile, sell-on-rise markets through December; traders should reduce F&O activity, avoid leverage and MTF, and prioritise capital protection. A sharp correction in small-, mid- and micro-caps is possible from 26-10-2026 to 31-12-2026, while fixed income may outperform equity mutual funds over 1-2 years, Food, water, electricity and edible-oil shortages are also forecast, while Trump may become more erratic in November.

Nine things destroying your financial life: Debt from unaffordable purchases, FOMO-driven investing, lifestyle inflation, inadequate insurance, overconcentration, overtrading, random mutual fund selection, investment fraud and chasing past returns.

As per market grapevine, wild volatility and a sell-on-rise trend may persist in many small-, mid- and micro-caps until 31-12-2026. Focus on a select group of companies delivering strong Q2 results and optimistic Q3 commentary, with the Q2 results season ending on 14-11-2026.

Theory can be taught in a classroom, but conviction is built in live markets. Fear, greed and impatience test traders' discipline; consistent execution and knowing when not to trade matter more than patterns or indicators. "Markets don't punish ignorance, they punish indiscipline."

As per market veteran, around 150-200 mid- and small-cap stocks appear expensive due to crowded positions among retail investors, HNIs and family offices. The market could form a trading bottom in the coming weeks, making it important to identify relatively high-beta large-cap stocks.

For a profitable trading journey: a) Cut losses: Protect capital by using stop-losses and exiting losing trades quickly. b) Ride winners: Let profitable trades run instead of exiting too early. c) Keep bets small: Limit risk to 1-2% of capital per trade to withstand losses. d) Follow rules: Apply your strategy consistently instead of relying on predictions or gut feelings. e) Know when to break rules: In rare situations, experienced traders may adjust targets or rules to maximise returns.

Avoiding your portfolio because markets are falling signals a lack of conviction. Review holdings periodically, retain fundamentally strong companies and reconsider weak ones based on financials, management quality and future prospects.

➤ Huge negative for equity mutual fund investors: Sector-wise fall from 52-week highs. Oil and gas: -21%, water utilities: -23%, aerospace and defence: -25%, banking services: -25%, pharmaceuticals: -26%, diversified industrial goods wholesale: -26%, electronic equipment and parts: -26%, insurance: -26%, automobiles and auto parts: -27%, hotels and entertainment services: -27%, food and tobacco: -27%, oil and gas-related equipment and services: -28%, healthcare equipment and supplies: -28%, healthcare providers and services: -28%, communications and networking: -28%, metals and mining: -28%, chemicals: -28%, containers and packaging: -29%, machinery, equipment and components: -29%, diversified retail: -29%, consumer goods conglomerates: -30%, professional and commercial services: -30%, natural gas utilities: -30%, textiles and apparel: -30%, passenger transportation services: -31%, paper and forest products: -31%, investment banking and investment services: -32%, miscellaneous educational service providers: -32%. The overall average decline of 31% from 52-week highs is a huge negative for equity mutual fund investors.

Why the Indian stock market is bleeding - the MTM + MTF chain reaction: The sharp fall may be amplified by a liquidity trap involving Mark-to-Market (MTM) losses and Margin Trading Facility (MTF) debt. 1) The fuel (MTF): Retail borrowing through MTF grew sixfold to over Rs.1.55 lakh cr., with half concentrated in volatile mid- and small-caps. 2) The spark (MTM): Falling prices trigger MTM losses, magnified by 4x-5x leverage. 3) The cash crunch: Margin calls force traders to arrange cash quickly. 4) Forced selling: Failure to meet margin calls can lead brokers to sell pledged shares, intensifying selling pressure and pushing thinly traded stocks towards lower circuits. 5) The bottom line: MTF builds the debt burden, while MTM losses can trigger forced selling. During such episodes, liquidity pressures can outweigh fundamentals in the short term.

Smart money doesn't chase prices; it traps traders first. The Trick Candle (Spring Candle) can trigger stop-losses and shake out weak hands before a sharp reversal. Such setups can occur across stocks, indices, crypto, forex and commodities, especially in volatile markets.

Jio Platforms IPO could be a multibagger for HFCL. HFCL invested in 2020 and holds around 4.79 cr. shares. At the IPO price of Rs.1,119, the stake would be valued at Rs.5,350 cr., implying returns of around 11,290%.

As per market grapevine, five value stocks for the watchlist amid weak cash-market sentiment: a) Atlanta Electricals: At Rs. 1,619 versus its Rs.2,200 52-week high; Q1 PAT grew 50%, order backlog stands at Rs.3,117 cr. and Rs.340 cr. of long-term debt was repaid. b) Jyoti: At Rs.63 versus its Rs.208 all-time high; PAT rose 58% QoQ, P/E is around 8x and it owns valuable land in Vadodara. c) Pennar Industries: At Rs.151 versus its Rs.280 high; Bandhan MF raised its holding to 5%, promoters subscribed to 30 lakh warrants at Rs.168, and fixed assets grew from Rs.697 cr. in FY24 to nearly Rs.1,200 cr. in FY26. d) Shetron: At Rs.100 versus its Rs.198 high, trading at around 10x forward P/E. New production lines in Mumbai and Bengaluru could support H2 growth. e) Rajesh Power: At Rs.730 versus its Rs.1,625 high; 3-year ROE is 44.3%, order book exceeds Rs.4,000 cr. and FY26 EPS was Rs.80. Risk-reward appears favourable. Keep these five stocks on the radar; these are watchlist ideas, not guaranteed returns.

Atlanta Electricals secured a Rs.193.92 cr. LOI from Transmission Corporation of Andhra Pradesh and a Rs.285 cr. order from Punjab State Transmission Corporation. Q1FY27 EBITDA/PAT grew 58%/50%, with a Rs.3,117 cr. order book and Rs.340 cr. long-term debt repaid. Capacity expansion, a better product mix and operating efficiency support FY27 growth. Management is optimistic; a breakout above Rs.2,200 could open Rs.2,250-2,295.

Indo Rama Synthetics (India) approved Rs.200 cr. capex to expand speciality filament and fibre production at its Butibori plant, Nagpur, with operations expected in 12-18 months. Funding will combine term loans and internal accruals. The stock looks attractive at CMP versus its 52-week high of Rs.112.

Jayaswal Neco Industries more than doubled Q2FY27 PAT to Rs.229.81 cr. on 23.2% revenue growth, with record EBITDA margin of 20.35%. Borrowings fell 29.2% to Rs.1,484.16 cr., while H1 PAT reached 91.5% of FY26 earnings.

The Rs.720 cr. pellet plant and Rs.200 cr. promoter warrant subscription support medium- to long-term growth prospects.

Pennar Industries has reserves of Rs. 1,096 cr. against equity of Rs.67 cr. and reported FY26 PAT of Rs.180 cr., with Rs.902 cr. in orders secured over three months. Promoter investment of Rs.50.40 cr. through warrants, Bandhan MF raising its holding to 5%, completed capex and a 400-acre land bank support expansion. Data centres and semiconductors are key focus areas; management gave an optimistic H2FY27 outlook at the AGM. The stock looks attractive versus its 52-week high of Rs.280 and may deliver medium- to long-term returns.

BSE SME Rajesh Power reported FY26 PAT of Rs.143 cr. and EPS of Rs.80, with reserves of Rs.388 cr., P/E of 11x, ROCE of 48.6% and ROE of 44.3%. Q1FY27 revenue reached Rs.436.62 cr.; its unexecuted order book stands at Rs.5,108 cr., with five new orders worth Rs. 1,866 cr. Its BESS entry and promoter buying support the growth outlook. The stock looks attractive versus its 52-week high of Rs.1,639 and may offer strong returns.

RBL Bank is evaluating entry into broking and asset management to expand its capital-market activities. Keep the stock on the radar.

Shetron is expanding its Mumbai and Bengaluru facilities to strengthen its western and southern markets. Promoters hold 64.82%, while 15 reputed HNIs hold 18.13%. At around 10x forward P/E, the stock appears attractively valued and could surpass its high of Rs.198.

YES Bank says the Supreme Court's Rs.8,415 cr. AT1 bond ruling will not derail its growth plans. Keep the stock on the radar.

Pennar Industries - Key Highlights from the 50th AGM: a) Management has set a revenue target of Rs.10,000 cr. against the current Rs.3,600 cr., supported by the vast addressable markets of its five focused business verticals in India and the USA. b) Major capex is complete, while order books across all business verticals are at record highs. c) Execution is picking up and capacity utilisation is improving, with the impact expected to reflect in H2 numbers. d) The new BIW plant is expected to double revenue from this segment, which offers attractive margins. e) Its high-margin US engineering services business is currently running at an annualised revenue rate of Rs.70 cr., with management targeting Rs.100 cr. this year. f) The annual report (pages 19 and 57) mentions plans to monetise non-core land assets, which could conservatively fetch Rs.500-700 cr. g) At Rs.151, the stock trades at around 12x current-year and below 10x next-year earnings. Promoters subscribed at Rs.168, and the stock could surpass its 52-week high of Rs.280 if market sentiment improves.

Butterfly Gandhimathi Appliances reported Q2FY27 PAT of Rs.20.18 cr., up 129% QoQ, marking its third consecutive quarter of double-digit growth. It achieved record retail revenue, strong core-category growth and launched India's first 5-star-rated cooktop, RENZ PRO. Reserves stand at Rs.382 cr. against equity of Rs.18 cr., with 75% promoter holding. The stock looks attractive at Rs.555 versus its lifetime high of Rs.1,903. Crompton Greaves Group acquired a 55% stake in 2022 at Rs.1,403 per share.

Jyoti reported Q1FY27 PAT of Rs.5.15 cr., up 58% QoQ. The engineering company serves the power and water sectors, trades at around 8x P/E and owns valuable land in prime Vadodara locations. The stock may surpass its all-time high of Rs.208.

Rajesh Power Services secured Rs.541 cr. of MGVCL orders, taking its order book close to Rs.4,000 cr. and providing around 18 months of execution visibility. The projects focus on power distribution modernisation. The stock looks attractive at Rs.730 versus its high of Rs.1,605 and monthly high of Rs.845.

Shetron posted FY26 PAT growth of 30% to Rs.4 cr. and paid a 10% dividend. Its Q1FY27 PAT rose 97% QoQ to Rs.1.89 cr. with EPS of Rs.2.10, which may lead to FY27 EPS of Rs.9-10. Stock trades at a PE multiple of 10x, the company is expanding production capacity in Mumbai and Bengaluru. The stock looks attractive at Rs.100 versus its high of Rs.198.

Bright Outdoor Media reported 13.49% H1FY27 income growth and 9.45% higher net profit, added 20 new sites and expanded its DOOH network to 58 digital LED billboards.

Forcas Studio reported 56.4% YoY growth in H1FY27 income to Rs. 131.02 cr. and 72% higher PAT at Rs.9.99 cr., with EBITDA margin expanding 115 bps.

Aditya Kumar Halwasiya invested Rs.174.92 cr. in PC Jeweller through two tranches as the company reported strong Q2FY27 earnings growth and achieved debt-free status.

Supreme Power Equipment reported 79.91% YoY growth in H1FY27 income to Rs.135.57 cr., EBITDA growth of 65.46% to Rs.23.62 cr. and 45.09% higher net profit at Rs.13.65 cr.

Magellanic Cloud, through its wholly owned subsidiary, emerged as the L1 bidder for Bank of Maharashtra's e-surveillance tender worth around Rs.115 cr. and received a Rs.3.16 cr. LOA from DFCCIL, Jaipur, for CCTV surveillance solutions.

Trom Industries secured a Rs.4.81 cr. rooftop solar order from GEDA for government buildings in Gujarat, including a 10-year comprehensive maintenance contract.

Patel Retail finalised two new store locations at Ghoti and Mangaon/Mahad, entering Nashik district and expanding its presence across four districts, with 54 existing stores.

Millworks Technologies secured developmental orders from HAL for HAWK and MiG-29 aircraft assemblies and signed an MoU with TridenTech Engineering to co-develop and manufacture UAV propulsion engines, strengthening its aerospace and defence prospects.

Aartech S

Document from Srikanth Matrubai

Buy DCB Bank; target of Rs 312: Anand Rathi
Anand Rathi is bullish on DCB Bank has recommended buy rating on the stock with a target price of Rs 312 in its research report dated October 25, 2026.

MOSL on BSE Upgrade to Buy, TP Rs 4000 BSE: Earnings engine reignites! Notional ADTO surged 85% in Oct'26 MTD vs Aug'26. Partial CAS reversal effective 7-Dec'26 provides a structural catalyst With 30%+ premium market share & P/N ratio at 14bps vs NSE's 20bps+, scope for further market-share gains and monetisation improvement remains significant Forecast 27% PAT CAGR over FY26-28 and raise FY27/FY28 PAT estimates by 10%/12%
@CNBCTV18News

Buy Kajaria Ceramics; target of Rs 1325: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Kajaria Ceramics has recommended buy rating on the stock with a target price of Rs 1325 in its research report dated October 26, 2026

Centre may take call on LTCG tax restructuring on equities in coming weeks

https://www.moneycontrol.com/news/business/centre-may-take-call-on-ltcg-tax-restructuring-on-equities-in-coming-weeks-to-curb-fpi-outflows-14060307.html