The stock’s fundamentals show a mixed picture. Strong historical profit growth (36% over 5 years, 78% over 3 years) is offset by a sharp decline in TTM profits (-16%) and sales (-5%), signaling a deceleration in growth momentum.
Despite premium valuations (P/E 83.5) and consistent ROE (~10%), quarterly performance highlights significant weaknesses with QoQ and YoY declines in sales (-18.56%), operating profit (-10.78%), and net profit (-75.69%). Retail investors should exercise caution until near-term profitability trends stabilize or valuation multiples adjust.
News TidBits
Adani Enterprises continues to attract long-term investors due to its diversified business portfolio, including infrastructure and renewables, which align with India’s growth priorities. Analysts recommend maintaining liquidity for dips to capitalize on growth opportunities in its evolving sectors.
Recent reports highlight strong investor confidence in Adani's capacity to expand high-growth areas, notably renewable and next-gen projects, strengthening its trajectory for sustainable gains in the medium term.
The stock’s recovery and long-term pick status are supported by positive sentiment around India's fiscal policies and increasing domestic consumption demand.
Adani's operations provide exposure to infrastructure-driven growth, making it an attractive proposition for portfolios focusing on core economic sectors.
Despite strong traction, analysts recommend cautious entry, especially in light of periodic global trade challenges impacting commodity-linked sectors.
Stacks on Stacks: Tip Time 🤑
Success in investing often comes from learning to act against your natural instincts—overcoming the desire to chase trends or sell after losses improves long-term results significantly.
Inside The Fund
Nippon India Small Cap Fund
Fund Size: ₹ 64821.04 Cr
NAV: ₹ 187.4886 (as on 01st October, 2025)
1 Year
-8.00%
Category: -6.25%
2 Year
17.54%
Category: 17.84%
3 Year
23.58%
Category: 21.11%
5 Year
32.74%
Category: 29.06%
10 Year
22.00%
Category: 18.24%
Stocks Added
Stock
Sector
1M Change
ITC Limited
Diversified fmcg
0.63%
Bluestone Jewellery and Lifestyle Ltd.
Gems, jewellery and watches
0.43%
JSW Cement Ltd.
Cement & cement products
0.23%
HCL Technologies Limited
Computers - software & consulting
0.22%
Stocks Removed
Stock
Sector
1M Change
InterGlobe Aviation Ltd.
Airline
-0.53%
Infosys Ltd.
Computers - software & consulting
-0.23%
JTEKT India Ltd. - Righhts
Auto components & equipments
-0.01%
Inox Wind Ltd. - Rights
Heavy electrical equipment
-0.01%
-JNK India Ltd.
Industrial products
0.00%
-L&T Finance Holdings Ltd.
Investment company
0.00%
Top 10 Holdings
Stock
Holding %
1M Change
Multi Commodity Exchange Of India Ltd.
2.11%
-0.05%
HDFC Bank Ltd.
1.95%
-0.09%
Kirloskar Brothers Ltd.
1.34%
0.00%
Paradeep Phosphates Ltd.
1.28%
-0.04%
Karur Vysya Bank Ltd
1.26%
-0.01%
eClerx Services Ltd.
1.15%
0.14%
Tube Investments Of India Ltd.
1.14%
0.06%
State Bank Of India
1.13%
0.03%
Elantas Beck India Ltd.
1.11%
-0.10%
Apar Industries Ltd.
1.07%
-0.15%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (4)
TVS Motor Company Ltd. - Preference Shares
6 funds
Invesco India Flexi Cap Fund - Direct Plan - Growth
0.03%
ICICI Prudential Flexicap Fund - Direct Plan - Growth
0.12%
Canara Robeco Flexi Cap Fund - Direct Plan - Growth
0.02%
Axis Flexi Cap Fund - Direct Plan - Growth
0.02%
PGIM India Flexi Cap Fund - Direct Plan - Growth
0.04%
HSBC Flexi Cap Fund - Direct Plan - Growth
0.01%
One 97 Communications Ltd.
2 funds
Motilal Oswal Flexi Cap Fund - Direct Plan - Growth
1.10%
Canara Robeco Flexi Cap Fund - Direct Plan - Growth
0.28%
Vikram Solar Ltd.
2 funds
Kotak Flexi Cap Fund - Direct Plan - Growth
0.01%
HSBC Flexi Cap Fund - Direct Plan - Growth
0.62%
Mahindra & Mahindra Ltd.
2 funds
UTI Flexi Cap Fund - Direct Plan - Growth
0.69%
DSP Flexi Cap Fund - Direct Plan - Growth
1.50%
Top Removed (1)
Siemens Energy India Ltd.
2 funds
ICICI Prudential Flexicap Fund - Direct Plan - Growth
-0.10%
Quant Flexi Cap Fund - Direct Plan - Growth
-1.03%
Top News Developments
RBI's rate cut hint boosts banking sector outlook
The RBI's dovish stance has lifted market sentiment, hinting at potential rate cuts ahead that could reduce borrowing costs and ease liquidity pressures for both retail and corporate borrowers.
Banking and finance stocks such as HDFC Bank and SBI are expected to sustain their recent rally, making them attractive to investors eyeing cyclical recoveries.
Retail investors should watch interest rate-sensitive sectors like real estate and auto for potential momentum shifts during the upcoming holiday trading season.
India's festive IPO wave gains traction
The October pipeline includes major IPOs like Tata Capital and LG India, sparking moderate-to-strong investor interest based on promising sectoral growth forecasts.
Grey market premium trends reflect enthusiasm among investors, signaling high valuation expectations and long-term appreciation opportunities.
WeWork India's IPO taps into the growing flexible workspace sector, though risks specific to commercial real estate dynamics may require cautious participation.
Gold prices surge amid inflation and geopolitical concerns
Gold prices continue their meteoric rise, reaching a predicted ₹1,25,000 per 10 grams, as investors flock toward safe-haven assets during global fiscal policy instability.
Indian retail investors are being advised to make cautious allocations in precious metals amid volatility, balancing portfolio exposure with higher-yield equity options.
The surge reflects macro trends such as soft US employment data and geopolitical risks, impacting forex reserves and trade dynamics for India.
IPO Watchlist
Ongoing IPOs
Advance Agrolife's IPO has seen a subscription of 1.87x so far, reflecting positive investor sentiment, with a listing expected on October 8. Gaining traction due to a strong GMP of 15%, this offering represents moderate growth potential for agriculture-focused businesses in India.
Om Freight Forwarders' IPO has witnessed a robust subscription of 2.57x, indicating solid interest from investors eager to tap into the logistics sector. Backed by a GMP of 5.19%, this offering underscores India's expanding freight and trade infrastructure.
Advance Agrolife
192.86
Date: 30 Sept - 3 Oct
List: 8 Oct
Subscription: 1.87x
GMP: 15.00%
Om Freight Forwarders
122.31
Date: 29 Sept - 3 Oct
List: 8 Oct
Subscription: 2.57x
GMP: 5.19%
Upcoming IPOs
Tata Capital's IPO is set to open on October 6 with a ₹15,511.87 crore size and a modest GMP of 6.44%, targeting NBFC growth and mid-range pricing to appeal to long-term portfolio investors. Retail investors are eyeing its strategy to navigate competitive financial markets.
LG Electronics' IPO launches October 7 with a high GMP of 11.84%, reflecting strong market confidence in its diversified electronics portfolio. Sentiment indicates global tech recovery driving investor interest in this offering.
WeWork India is set to offer a ₹3,000 crore IPO starting October 3, backed by a growing flexible workspace market. While financials show strength, sector risks remain a concern, prompting investor scrutiny.
Anantam Highways InvIT
400.00
Date:7 Oct - 9 Oct
List:17 Oct
Subscription: -
GMP: 0.00%
LG Electronics
11607.01
Date:7 Oct - 9 Oct
List:14 Oct
Subscription: -
GMP: 11.84%
Tata Capital
15511.87
Date:6 Oct - 8 Oct
List:13 Oct
Subscription: -
GMP: 6.44%
WeWork India
3000.00
Date:3 Oct - 7 Oct
List:10 Oct
Subscription: -
GMP: 2.31%
Cha-Ching Cheatsheet 💵
Always evaluate investments through the lens of opportunity cost—allocating funds to one idea means forgoing another, so focus on options with the highest reward-to-risk ratio to stay aligned with financial goals.
Global Markets
Country
Category
Current PE
Forward PE
Forward PEG
🇬🇧 United Kingdom
Highly Undervalued
13.8
1.0
5.5
🇯🇵 Japan
Undervalued
17.5
0.9
1.5
🇫🇷 France
Undervalued
16.9
0.9
1.4
🇰🇷 South Korea
Undervalued
12.2
0.7
0.2
🇮🇩 Indonesia
Undervalued
16.3
0.7
0.3
🇩🇪 Germany
Fairly Valued
19.7
0.8
0.8
🇹🇭 Thailand
Fairly Valued
15.1
-
-
🇮🇳 India
Fairly Valued
21.6
1.0
7.8
🇨🇳 China
Fairly Valued
16.7
0.9
1.3
🇦🇺 Australia
Fairly Valued
21.4
1.0
-8.1
🇸🇬 Singapore
Overvalued
15.4
-
-
🇺🇸 United States
Overvalued
24.8
0.9
1.9
🇭🇰 Hong Kong
Highly Overvalued
11.9
1.2
-0.8
* Valuation category is calculated as a weighted average of PE ratio, CAPE, forward PE, historical PEG, and forward PEG. We are currently showing PE, Forward PE, and Forward PEG for reference.
Global markets were mixed on October 2, 2025, with investors digesting a blend of economic data and geopolitical developments impacting risk sentiment worldwide.
US Federal Reserve signals a potential pause in interest rate hikes, easing global bond market pressures and supporting sentiment in emerging markets including India.
Rising tensions in certain geopolitical hotspots moderated earlier optimism, causing cautious trading in Asian and European equity markets.
Commodities markets showed subdued activity given holiday closures in major Asian exchanges, contributing to muted volatility and influence on Indian commodity-related stocks.
Currency markets experienced relative stability; the US dollar softened slightly against the rupee, benefiting Indian exporters' outlook amid cautious global trade sentiment.
Emerging Opportunities
The fintech sector shows strong potential due to rising digital adoption and government initiatives promoting digital payments and financial inclusion.
Renewable energy continues to attract investor interest, driven by supportive policy frameworks and global commitments toward net-zero targets.
Healthcare and pharmaceutical companies gain attention as innovations in biotech and increased healthcare spending present medium- to long-term growth prospects.
The infrastructure sector is emerging as a key opportunity, buoyed by government investment plans for urban and rural development projects.
Contrarian opportunities exist in IT and consumer durable industries, where recent price corrections have created attractive valuations amidst evolving technological trends and consumer demand recovery.
Policy & Regulations
SEBI has launched an initiative to improve financial literacy and investor participation, citing only 9.5% of households actively investing in securities despite a 63% awareness level. This move aims to simplify investment platforms and attract first-time investors, expanding market depth and providing retail investors with better tools and resources.
SEBI introduces valid UPI IDs for brokers and mutual funds, streamlining payment processes for Indian retail investors and encouraging the adoption of fintech solutions within the financial ecosystem. This regulation is expected to reduce payment friction and boost participation in mutual fund schemes.
RBI proposes measures to enhance the rupee's use in cross-border trade by allowing international transactions in INR and revising vostro account eligibility, aiming to deepen market integration. This policy may bolster forex reserves and improve liquidity for exporters and importers using INR transactions.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$118727
$2.37T
2.05%
-4.38%
Ethereum (ETH)
$4384.86
$529.11B
1.98%
-11.41%
XRP (XRP)
$2.99
$179.08B
1.65%
-17.94%
Tether (USDT)
$1
$175.80B
0.01%
-24.39%
BNB (BNB)
$1045.61
$145.52B
1.61%
-3.14%
Bitcoin's price saw a modest 24-hour increase of 2.05%, indicating sustained demand amid expectations of inflation hedging and fiscal instability globally. Retail investors may consider this as a store of value asset during economic uncertainties.
Ethereum climbed 1.98% in price, backed by scalability improvements and ongoing upgrades to its blockchain architecture. This growth positions Ethereum as a strong contender for smart contract and DeFi applications, appealing to Indian retail tech enthusiasts.
XRP rose by 1.65%, supported by growing traction in cross-border payments and institutional adoption, reflecting resilience despite broader market fluctuations. Investors should monitor its use-case expansions for future value potential.
Indian Macroeconomy
Currency
Exchange rate against USD
88.71
0.03
Previous: 88.68
As of Oct 25
Nominal GDP
Annual growth including inflation
7.8%
0.4%
Previous: 7.4%
As of Jun 25
CPI Inflation
Consumer price increase
2.07%
0.46%
Previous: 1.61%
As of Aug 25
Repo Rate
RBI lending rate
5.5%
→
0%
Previous: 5.5%
As of Oct 25
Trade Balance
Exports minus imports
$-26.49B
$0.86B
Previous: $-27.35B
As of Aug 25
Current Account
Global trade, income & transfers
$-2351M
$-15828M
Previous: $13477M
As of Jun 25
Mfg PMI
Manufacturing activity level
57.7 points
-1.6 points
Previous: 59.3 points
As of Sep 25
Services PMI
Services activity level
61.6 points
-1.3 points
Previous: 62.9 points
As of Sep 25
India's annual GDP growth rate rose to 7.8%, an improvement from 7.4% previously, highlighting robust economic activity driven by favorable monsoons and government reforms. This growth is expected to have a positive impact on sectors like infrastructure, real estate, and banking, as consumer and industrial activity continues to strengthen. However, manufacturing and services PMI numbers have declined, signaling caution in short-term demand outlook amidst global uncertainties.
India's inflation rate climbed to 2.07% from the previous 1.61%, driven by higher food and energy costs during the festive season. While inflation remains subdued compared to historic averages, sectors like FMCG and consumer discretionary may see price adjustments and higher input costs, impacting margin performance. Retail investors should monitor price trends and factor inflationary pressures into their consumption-linked stock holdings.
Inside The Fund
Stocks Added 
Stocks Removed 
