Rupie Speak
Part of Rupie Times
Although Rupie Times recommendations have outperformed those of other media, stock brokers and research houses, the brief recommendations under Rupie Speak cannot display “BUY”, “SELL” or “HOLD” recommendations. Readers should therefore exercise their own judgement, evaluate the future prospects of each stock in light of its past performance, industry prospects and the backdrop of a growing economy, and consult their investment adviser.
Do your due diligence before taking any investment or trading decision.
Rupie Speak Weekly
Astrology View
Important turning dates are 22nd, 25th and 29th September 2026.
Friday Night Closing
Crude closed at $103.87, Dow fell 95 points, Nasdaq rose 104 points and the S&P 500 rose 12 points, while Gift Nifty fell 61 points to 23,300, signalling a possible gap-down opening on Monday, subject to weekend developments. Brent crude above $80 remains a major negative for the Indian economy.
JPMorgan on Oil
Geopolitical uncertainty from the Iran conflict is keeping oil-supply risks elevated, with Brent trading above estimated fair value amid supply disruptions and infrastructure risks.
Bullish Breakouts
On Friday, 18th September 2026, Atlanta Electricals, Blackrose, Chemcon, Haldyn Glass, IOL Chemicals, IVP, Jyoti, Morepenlab, Prince Pipes, Sukhjit Starch and Wabag witnessed bullish breakouts with strong volumes.
Keep these 11 stocks on the radar and focus on companies likely to deliver strong Q2 results and optimistic Q3 commentary.
Alert on SME Stocks
Kore Digital crashed to Rs.79 from Rs.952 after SEBI barred its promoters over alleged Rs.541 cr. revenue misstatement. Teerth Gopicon fell from Rs.774 to Rs.14 and Taylormade Renewables from Rs.856 to Rs.55.
Be cautious of SME stocks with stretched valuations and weak transparency.
Big Negatives for the Indian Economy and Markets
Brent crude above $80 is a major negative for the Indian economy. Drought risks from El Niño, heavy IPOs, OFS and QIPs could further drain cash-market liquidity, while elevated global food prices add pressure.
Avoid overtrading, excessive leverage and margin funding till Diwali–Christmas. Without relief on LTCG and STT, SIP flows could weaken and investors may shift towards FDs and bonds.
Big Alert on Equity Raising
As per market grapevine, companies are increasingly raising equity instead of bank funding, shifting greater business risk to investors. With many SME stocks still trading at stretched valuations, avoid weak SME IPOs and check valuations and future prospects before applying.
Wild Volatility Till 31st December 2026
Uncertainty, inflation and intermittent crises may keep markets volatile. Stay disciplined and focus on selected companies likely to deliver strong Q2 results and optimistic Q3 commentary.
Real wealth is built through time in the market, not by trying to time every move.
9 Value Buys to Watch
- Atlanta Electricals — Rs.1,666: Q1 PAT grew 50%, with a strong Rs.3,117 cr. order backlog and Rs.340 cr. long-term debt repaid.
- Black Rose Industries — Rs.106: Q1FY27 PAT grew 145% and the company paid a 200% interim dividend for FY27.
- Chemcon Speciality Chemicals — Rs.214: Q1FY27 PAT grew 72% and the company paid a 65% dividend for FY26.
- Haldyn Glass — Rs.142: Q1FY27 PAT grew 90% and coloured beer bottles add a new growth opportunity.
- Jyoti — Rs.60: Q1FY27 PAT grew 58% QoQ, with PE around 8x and a valuable Vadodara land bank.
- Prince Pipes & Fittings — Rs.269: Q1FY27 PAT surged 600% to Rs.33.75 cr.
- Rajesh Power — Rs.757: Three-year ROE stands at 44.3%, with a Rs.5,108 cr. unexecuted order book.
- Sukhjit Starch & Chemicals — Rs.160: Q1FY27 PAT grew 143% and the company plans around Rs.500 cr. capex.
- IOL Chemicals — Rs.203: Q1 PAT grew 90%, while its Rs.495 cr. expansion is funded through internal accruals.
Global Rate Pressure
Goldman Sachs expects another Fed rate hike in October, while the Fed dot plot signals higher-for-longer rates, with 12 of 18 officials expecting another 25-basis-point hike by year-end.
Continued rate pressure could weigh on equities and SIP sentiment over the next two to three months.
Trading Rules
- Be patient and trade your own ideas.
- Avoid impulsive decisions.
- Limit risk per position.
- Define entry and exit levels.
- Cut losses quickly.
- Avoid averaging losing positions.
- Remain flexible when the market proves you wrong.
- Listen to the market and stay disciplined.
The Power of “I Don’t Know”
Accepting uncertainty can be more valuable than overconfidence. Future returns, interest rates, gold prices and asset yields are unknown, but goals, required corpus, asset allocation and savings rate can be planned.
Know what you can control and accept what you cannot.
Businesses with the Highest Failure Rates
- Trading — 98%
- Hotels — 90%
- Gyms — 81%
- Restaurants — 80%
- Construction — 70%
- E-commerce and dropshipping — 90%
- Cafés and coffee shops — 85%
- Influencer agencies — 85%
- Logistics and trucking — 80%
- Retail stores — 75%
- Crypto trading — 95%
- Content agencies — 70%
Astro Tension
Rahu remains in Dhanishta Nakshatra until 5th December 2026 and Saturn remains retrograde until 11th December 2026. As per the astrology view, this period may bring wild volatility, unexpected sharp rises and sudden falls.
Reduce F&O and options trading, avoid overtrading and leverage, and strictly avoid margin trading and investment funding until December 2026.
Recency Bias
Recency bias is one of the biggest enemies of traders and investors, especially near market peaks. Smallcaps, midcaps, SME IPOs, defence, railways, solar, new-age stocks, EMS, chemicals and data-centre themes were once market favourites, but interest has shifted.
Base metals, PSU banks and bullion are currently among the running themes. Always prioritise capital protection and plan for sustainable earnings rather than chasing the latest theme.
Company Updates
- Ambica Agarbathies Aroma & Industries: FY26 PAT rose 604%. Promoters were allotted 8.49 lakh shares at Rs.25 on 25th August 2026.
- Atlanta Electricals: Secured Rs.193.92 cr. and Rs.285 cr. orders, taking backlog to Rs.3,117 cr. Q1FY27 EBITDA and PAT grew 58% and 50%.
- Black Rose Industries: Progressing its PAM solid project and evaluating downstream acrylamide and specialty amines opportunities.
- Chemcon Speciality Chemicals: Improving realisations, newer products, customer traction and capacity expansion support the outlook.
- DCB Bank: RBI approved ICICI Prudential Asset Management Company’s acquisition of up to 9.95% stake.
- Haldyn Glass: Entered the coloured beer bottle segment, adding a new growth opportunity.
- HFCL: Approved Rs.820 cr. additional capex, taking total planned capex to around Rs.1,800 cr.
- Himadri Speciality Chemicals: Expanding into Africa and other markets and exploring lithium-ion cells under the China+1 strategy.
- IVP: Expansion into value-added products, debt reduction and improved capacity utilisation support growth.
- Jyoti: Entered a technology-transfer agreement for electric bus drive motors and secured Rs.9.52 cr. orders from Megha Engineering.
- Prince Pipes & Fittings: Debt-free, with Rs.1,534 cr. reserves. Q1FY27 PAT surged 600% to Rs.33.75 cr.
- Rajesh Power: Secured a Rs.363 cr. order, taking the unexecuted order book to Rs.5,108 cr. BESS entry adds another growth trigger.
- Sukhjit Starch & Chemicals: Signed an MoU for a 1,200 TPD maize processing unit in Nashik involving around Rs.500 cr. capex.
- Somi Conveyor Beltings: Could benefit from infrastructure, auto, cement, mining and power capex.
Additional Business Updates
- Emerald Finance: Partnered with Influcon Digital LLP and Ace Financial for an early-wage-access programme.
- Captain Polyplast: Received a Rs.47 cr. order from MSEDCL under the PM-KUSUM B Scheme.
- Western Overseas Study Abroad: Will organise education, immigration and overseas work visa events across India.
- Praveg: Received a Rs.12.99 cr. plus GST contract from Tourism Corporation of Gujarat.
- Fredun Pharmaceuticals: Plans to launch 16 new products over the next six to nine months.
- Afcom Holdings: Signed a long-term aviation fuel supply agreement with Hindustan Petroleum Corporation.
- HCL Infosystems: Reportedly in talks to distribute iPhone and other Apple products. Confirmation is awaited.
- ESDS Software Solutions: Targets Rs.800 cr. plus EBITDA by FY28.
- Sharda Cropchem: Trades at around 10x valuations and remains inexpensive versus peers.
- STL Networks: Has entered data centres and allied activities and remains on the radar.
- Apollo Micro Systems: Strengthening its defence capabilities through explosives-related acquisitions and plans.
- Univastu India: Has an order book above Rs.1,750 cr. against a market capitalisation of Rs.548 cr.
- Aartech Solonics: Q1FY27 sales rose 68% and PAT grew 146%.
- Pranav Constructions: Has 65 redevelopment projects in Mumbai’s Western Suburbs.
- Rentomojo: Operates an asset-light rental platform for furniture, appliances and electronics.
Selected Financial Highlights
- IST: Q1 EPS rose 15% to Rs.71.3.
- DDev Plastiks: Q1 EPS rose 24% to Rs.6.2.
- GNFC: Q1 EPS surged 272% to Rs.21.2. The company is debt-free and cash-rich.
- Sportking India: Q1 EPS rose 123% to Rs.6 and the company commenced its solar project.
- Petronet LNG: Regasification capacity increased to 22.5 MMTPA from 17.5 MMTPA.
- Maharashtra Seamless: Undergoing Rs.850 cr. capex. Q1 EPS rose 1150% to Rs.15.
- SNL Bearings: Q1 EPS rose 28% to Rs.9.6.
- Nahar Industrial Enterprise: Q1 EPS rose 517% to Rs.5.9.
- Dollar Industries: Q1 EPS rose 23% to Rs.4.6.
- Donear Industries: Q1 EPS rose 28% to Rs.2.2.
- Sree Rayalaseema Hi-Strength Hypo: Q1 EPS stood at Rs.16.3, with FY27 EPS potentially reaching Rs.70.