Archived week

Week of 3–8 Aug 2026

5 names from 85 screened, picked on a composite of four layers. Each card was frozen before the week opened and has not been edited since.

NEULANDLAB Gain · +18.6%

Neuland Laboratories Ltd. ·NIFTY HEALTHCARE INDEX

±9.4% typical move

96.2 score

Moves 9.4% on results on average; has decoupled from the index while rising, leads its sector.

Crossed +5% within the 8 sessions since the result — reached +19.5% on 17 Aug

₹19,043.00 close 2 Aug · 90 sessions +53.4%

52-wk low₹11,500 88% of range 52-wk high₹20,089

Where it traded in the 8 sessions after the result, against the ₹19,956.00 close before it

Cheapest session ₹21,000.00 6 Aug ·+5.2%

Dearest session ₹23,843.00 17 Aug ·+19.5%

A record of the range that was traded, not levels to act on — which day was the low is only visible once the window has closed, and this product publishes no entry or exit levels.

Reactivity 30% 96.2

Momentum 20% 94.1

Divergence 30% 95.2

Sector 20% 100.0

9.4% average move on results, 15 quarters Mixed pattern 1.6 SD from its own correlation Result board meeting 05 Aug; timing not published, so we assume after market

⚑ Announcement time not published; after-market assumed

The four layers in full

beats market and sector
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 15 results the average absolute move from the session before the announcement to the session after was 9.4%. The largest was 17.7% (Q3FY23). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 10.6% over 30 sessions and 53.4% over 90 sessions. Sitting at the 88th percentile of its 52-week range. Closed above its 20-day average on 83% of the last 30 sessions. Delivery volumes have been running 2.0 points higher than the 90-day average.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.21; over the last 30 sessions that has run at -0.02 (1.6 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 0.81 to the index would account for, by 9.9 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

Over 90 sessions it has outperformed NIFTY HEALTHCARE INDEX by 37.6 percentage points, and led it over the last 30 by 2.9. Strength is showing against both the market and its own pack.

How the composite of 96.2 was calculated

Each layer is a percentile rank across the names screened that week, not an absolute reading — 80 means "more of this than four fifths of what is reporting". The composite is those four scores at their published weights:

composite = 0.30·L1 + 0.20·L2 + 0.30·L3 + 0.20·L4

Layer	Score	Weight	Contribution
Layer 1 · Reactivity 80% percentile of average absolute move on results + 20% consistency	96.2	30%	28.86
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	94.1	20%	18.81
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	95.2	30%	28.57
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	100.0	20%	20.00
Composite		100%	96.24

Ties are broken on Layer 3. The weights in force are stored on this card, so an archived week always states the weights it was actually ranked under — they can be retuned by the backtest, and a card must never be re-scored under weights that did not exist when it was published.

run-up into the result the measured sessions best point reached · measured against the close before the result

Daily sessions · 17 Jul – 20 Aug 2026

+25.7% over the period

Mon

Tue

Wed

Thu

Fri

13 —

14 —

15 —

16 —

17 ₹18,434 -1.7% O ₹18,751 H ₹18,951 L ₹18,055

20 ₹18,949 +2.8% O ₹18,442 H ₹19,170 L ₹18,442

21 ₹18,895 -0.3% O ₹19,089 H ₹19,177 L ₹18,854

22 ₹18,466 -2.3% O ₹18,826 H ₹18,956 L ₹18,400

23 ₹18,431 -0.2% O ₹18,450 H ₹18,535 L ₹18,200

24 ₹18,546 +0.6% O ₹18,250 H ₹18,664 L ₹18,234

27 ₹18,994 +2.4% O ₹18,600 H ₹19,145 L ₹18,471

28 ₹18,871 -0.6% O ₹18,978 H ₹19,117 L ₹18,674

29 ₹19,697 +4.4% O ₹18,960 H ₹19,815 L ₹18,882

30 ₹19,202 -2.5% O ₹19,676 H ₹19,676 L ₹18,951

31 ₹19,043 -0.8% O ₹19,176 H ₹19,389 L ₹18,808

3 ₹19,675 +3.3% O ₹19,149 H ₹19,912 L ₹19,005

4 ₹19,273 -2.0% O ₹19,650 H ₹19,780 L ₹19,155

5 ₹19,956 +3.5% O ₹19,500 H ₹20,099 L ₹19,431

6 ₹21,543 +8.0% O ₹21,800 H ₹22,490 L ₹21,000 RESULT*

7 ₹22,855 +6.1% O ₹21,611 H ₹23,500 L ₹21,601

10 ₹22,216 -2.8% O ₹22,915 H ₹23,054 L ₹22,123

11 ₹22,955 +3.3% O ₹22,300 H ₹23,123 L ₹22,281

12 ₹22,510 -1.9% O ₹22,988 H ₹23,100 L ₹22,419

13 ₹23,207 +3.1% O ₹22,723 H ₹23,250 L ₹22,527

14 ₹23,320 +0.5% O ₹23,100 H ₹23,650 L ₹23,030

17 ₹23,661 +1.5% O ₹23,300 H ₹23,843 L ₹22,971

18 ₹23,370 -1.2% O ₹23,670 H ₹23,881 L ₹23,264

19 ₹23,290 -0.3% O ₹23,399 H ₹23,435 L ₹23,002

20 ₹23,568 +1.2% O ₹23,154 H ₹23,735 L ₹23,154

21 —

run-up, the two weeks before reaction session the seven sessions the card is scored on market closed · * announcement time not published, so the next session is assumed

Measured from 5 Aug, the close before the result ₹19,956.00

Latest close 20 Aug ₹23,568.00

Change since the result ₹3,612.00 · +18.1%

Bar set before the week 5.6% (60% of its 9.4% average)

Actual move on the reaction day +14.5%

Reached its own bar Yes — the screen was right about the size of the move

Every result behind that average — 15 quarters

Each row measures the same window on the stock, on NIFTY 50, and on its sector: the close before the result through seven sessions after. A stock up 6% in a week the market rose 5% has told you almost nothing, which is why the comparison is shown rather than the move alone.

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	13 May 2026	-1.9%	-1.8%	+1.5%	+2.6%	-3.3%	-4.4%
Q3FY26	10 Feb 2026	-5.0%	-6.3%	-1.6%	+1.4%	-4.7%	-7.7%
Q2FY26	10 Nov 2025	-3.6%	-4.3%	+2.2%	+1.7%	-6.5%	-5.9%
Q1FY26	1 Aug 2025	-1.5%	-2.3%	-1.1%	-3.3%	-1.1%	+1.1%
Q4FY25	16 May 2025	-5.4%	-6.3%	-0.9%	-0.8%	-5.3%	-5.5%
Q3FY25	11 Feb 2025	-7.0%	-22.2%	-2.0%	-3.8%	-20.2%	-18.4%
Q2FY25	6 Nov 2024	-13.1%	-5.6%	-3.1%	-4.6%	-2.5%	-1.0%
Q1FY25	2 Aug 2024	+16.8%	+22.4%	-3.5%	+0.8%	+25.9%	+21.6%
Q4FY24	13 May 2024	-13.6%	-13.1%	+4.1%	+3.1%	-17.2%	-16.2%
Q3FY24	9 Feb 2024	-1.1%	+9.2%	+2.2%	+2.9%	+7.0%	+6.3%
Q2FY24	8 Nov 2023	+14.0%	+17.0%	+1.5%	+3.8%	+15.5%	+13.2%
Q1FY24	4 Aug 2023	+7.9%	+20.7%	+0.4%	+1.0%	+20.2%	+19.7%
Q4FY23	12 May 2023	+17.2%	+7.7%	+0.3%	-0.1%	+7.4%	+7.7%
Q3FY23	14 Feb 2023	+17.7%	+12.3%	-1.5%	-2.0%	+13.8%	+14.4%
Q2FY23	11 Nov 2022	+14.4%	+2.5%	+1.2%	-0.6%	+1.3%	+3.1%

Outpaced the market over the week after its result in 7 of 15 quarters (47%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	9.4%
Largest single reaction	17.7% Q3FY23
Share of reactions that were upward	40.0%
Return since the last result	+15.4%
Return, last 90 sessions	+53.4%
Delivery trend	2.0 pp
Correlation to NIFTY 50, baseline → now	0.21 → -0.02
Correlation break	1.6 SD
Return above the index	+9.9%
Return against its sector, 90 sessions	+37.6%
52-week range	₹11,500 – ₹20,089

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 2 Aug 2026; never edited after publication.

POLYMED Average · +4.5%

Poly Medicure Ltd. ·NIFTY HEALTHCARE INDEX

±5.3% typical move

81.9 score

Moves 5.3% on results on average; rising broadly in line with the index, leads its sector.

Crossed +5% within the 8 sessions since the result — reached +13.0% on 12 Aug

₹1,702.00 close 2 Aug · 90 sessions +33.1%

52-wk low₹1,182 54% of range 52-wk high₹2,144

Where it traded in the 8 sessions after the result, against the ₹1,693.80 close before it

Cheapest session ₹1,692.00 10 Aug ·-0.1%

Dearest session ₹1,913.70 12 Aug ·+13.0%

A record of the range that was traded, not levels to act on — which day was the low is only visible once the window has closed, and this product publishes no entry or exit levels.

Reactivity 30% 83.1

Momentum 20% 85.7

Divergence 30% 70.2

Sector 20% 93.8

5.3% average move on results, 14 quarters Mixed pattern -0.8 SD from its own correlation Result board meeting 07 Aug; timing not published, so we assume after market

⚑ Announcement time not published; after-market assumed

The four layers in full

beats market and sector
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 14 results the average absolute move from the session before the announcement to the session after was 5.3%. The largest was -14.0% (Q4FY26). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 8.2% over 30 sessions and 33.1% over 90 sessions. Sitting at the 54th percentile of its 52-week range. Closed above its 20-day average on 83% of the last 30 sessions.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.20; over the last 30 sessions that has run at 0.33 (-0.8 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 0.65 to the index would account for, by 7.6 percentage points. The move is broadly in line with the market's own direction.

Layer 4 · Sector

Over 90 sessions it has outperformed NIFTY HEALTHCARE INDEX by 17.3 percentage points, and led it over the last 30 by 0.5. Strength is showing against both the market and its own pack.

How the composite of 81.9 was calculated

composite = 0.30·L1 + 0.20·L2 + 0.30·L3 + 0.20·L4

Layer	Score	Weight	Contribution
Layer 1 · Reactivity 80% percentile of average absolute move on results + 20% consistency	83.1	30%	24.93
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	85.7	20%	17.14
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	70.2	30%	21.07
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	93.8	20%	18.76
Composite		100%	81.91

run-up into the result the measured sessions best point reached · measured against the close before the result

Daily sessions · 21 Jul – 24 Aug 2026

+0.9% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 ₹1,695 -1.5% O ₹1,721 H ₹1,721 L ₹1,691

22 ₹1,674 -1.3% O ₹1,691 H ₹1,698 L ₹1,665

23 ₹1,630 -2.6% O ₹1,665 H ₹1,666 L ₹1,621

24 ₹1,664 +2.1% O ₹1,621 H ₹1,676 L ₹1,611

27 ₹1,680 +1.0% O ₹1,775 H ₹1,775 L ₹1,664

28 ₹1,647 -2.0% O ₹1,670 H ₹1,679 L ₹1,639

29 ₹1,678 +1.9% O ₹1,654 H ₹1,693 L ₹1,654

30 ₹1,667 -0.7% O ₹1,675 H ₹1,682 L ₹1,660

31 ₹1,702 +2.1% O ₹1,667 H ₹1,723 L ₹1,660

3 ₹1,727 +1.5% O ₹1,723 H ₹1,749 L ₹1,704

4 ₹1,724 -0.2% O ₹1,721 H ₹1,736 L ₹1,712

5 ₹1,708 -0.9% O ₹1,725 H ₹1,746 L ₹1,705

6 ₹1,709 +0.0% O ₹1,708 H ₹1,718 L ₹1,701

7 ₹1,693 -0.9% O ₹1,714 H ₹1,745 L ₹1,651

10 ₹1,772 +4.6% O ₹1,692 H ₹1,818 L ₹1,692 RESULT*

11 ₹1,863 +5.2% O ₹1,790 H ₹1,897 L ₹1,790

12 ₹1,869 +0.3% O ₹1,873 H ₹1,913 L ₹1,846

13 ₹1,812 -3.0% O ₹1,865 H ₹1,867 L ₹1,804

14 ₹1,786 -1.5% O ₹1,811 H ₹1,819 L ₹1,765

17 ₹1,733 -2.9% O ₹1,789 H ₹1,800 L ₹1,721

18 ₹1,784 +2.9% O ₹1,733 H ₹1,788 L ₹1,722

19 ₹1,770 -0.8% O ₹1,785 H ₹1,814 L ₹1,755

20 ₹1,769 -0.0% O ₹1,775 H ₹1,784 L ₹1,756

21 ₹1,719 -2.8% O ₹1,771 H ₹1,783 L ₹1,710

24 ₹1,737 +1.0% O ₹1,705 H ₹1,769 L ₹1,705

25 —

26 —

27 —

28 —

run-up, the two weeks before reaction session the seven sessions the card is scored on market closed · * announcement time not published, so the next session is assumed

Measured from 7 Aug, the close before the result ₹1,693.80

Latest close 24 Aug ₹1,737.20

Change since the result ₹43.40 · +2.6%

Bar set before the week 3.2% (60% of its 5.3% average)

Outcome Not reviewed yet — the verdict is published on Saturday

Every result behind that average — 14 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	26 May 2026	-14.0%	-9.2%	-2.6%	-2.4%	-6.6%	-6.8%
Q3FY26	6 Feb 2026	-2.7%	-12.0%	+0.3%	+2.3%	-12.3%	-14.3%
Q2FY26	10 Nov 2025	+9.0%	-0.0%	+2.2%	+1.7%	-2.2%	-1.7%
Q1FY26	11 Aug 2025	-0.2%	+1.9%	+3.0%	+4.2%	-1.0%	-2.2%
Q4FY25	7 May 2025	-3.8%	-13.0%	+2.6%	+0.4%	-15.6%	-13.4%
Q3FY25	4 Feb 2025	+8.9%	-2.7%	-1.4%	-1.1%	-1.2%	-1.6%
Q2FY25	29 Oct 2024	+6.3%	+8.6%	-0.6%	-0.3%	+9.2%	+8.9%
Q1FY25	23 Jul 2024	-0.8%	-9.9%	+2.0%	+5.2%	-12.0%	-15.1%
Q4FY24	21 May 2024	+9.7%	+8.3%	+0.1%	-0.8%	+8.2%	+9.2%
Q3FY24	1 Feb 2024	+4.4%	+4.1%	-0.5%	+4.7%	+4.6%	-0.7%
Q1FY24	8 Aug 2023	-1.6%	-7.9%	-1.5%	-2.5%	-6.4%	-5.4%
Q4FY23	10 May 2023	+1.1%	+0.6%	-0.3%	-3.1%	+0.9%	+3.7%
Q3FY23	30 Jan 2023	+2.7%	+2.2%	+1.5%	-0.8%	+0.7%	+3.0%
Q2FY23	7 Nov 2022	+8.3%	+2.0%	+1.3%	-3.3%	+0.8%	+5.4%

Outpaced the market over the week after its result in 6 of 14 quarters (43%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	5.3%
Largest single reaction	-14.0% Q4FY26
Share of reactions that were upward	57.1%
Return since the last result	+18.2%
Return, last 90 sessions	+33.1%
Delivery trend	0.7 pp
Correlation to NIFTY 50, baseline → now	0.20 → 0.33
Correlation break	-0.8 SD
Return above the index	+7.6%
Return against its sector, 90 sessions	+17.3%
52-week range	₹1,182 – ₹2,144

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 2 Aug 2026; never edited after publication.

NYKAA Loss · -3.4%

FSN E-Commerce Ventures Ltd. ·industry peers F&O

±4.1% typical move

86.8 score

Moves 4.1% on results on average; has decoupled from the index while rising, leads its sector.

Has not crossed +5% in the 8 sessions since the result — best so far +1.6%

₹333.40 close 2 Aug · 90 sessions +36.8%

52-wk low₹200 97% of range 52-wk high₹338

Where it traded in the 8 sessions after the result, against the ₹342.50 close before it

Cheapest session ₹320.75 11 Aug ·-6.4%

Dearest session ₹348.00 5 Aug ·+1.6%

A record of the range that was traded, not levels to act on — which day was the low is only visible once the window has closed, and this product publishes no entry or exit levels.

Reactivity 30% 64.5

Momentum 20% 100.0

Divergence 30% 94.1

Sector 20% 96.2

4.1% average move on results, 15 quarters Mixed pattern 1.4 SD from its own correlation Result board meeting 04 Aug; timing not published, so we assume after market

⚑ Announcement time not published; after-market assumed ⚑ Sector proxied by a peer basket

The four layers in full

beats market and sector
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 15 results the average absolute move from the session before the announcement to the session after was 4.1%. The largest was -9.7% (Q1FY24). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 11.8% over 30 sessions and 36.8% over 90 sessions. Sitting at the 97th percentile of its 52-week range. Closed above its 20-day average on 100% of the last 30 sessions. Delivery volumes have been running 4.7 points higher than the 90-day average.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.32; over the last 30 sessions that has run at 0.10 (1.4 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 0.79 to the index would account for, by 11.1 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

Over 90 sessions it has outperformed peer basket by 26.7 percentage points, and led it over the last 30 by 11.7. Strength is showing against both the market and its own pack. It has also decoupled from peer basket relative to its own norm (1.1 SD).

How the composite of 86.8 was calculated

composite = 0.30·L1 + 0.20·L2 + 0.30·L3 + 0.20·L4

Layer	Score	Weight	Contribution
Layer 1 · Reactivity 80% percentile of average absolute move on results + 20% consistency	64.5	30%	19.36
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	100.0	20%	20.00
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	94.1	30%	28.22
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	96.2	20%	19.24
Composite		100%	86.81

run-up into the result the measured sessions best point reached · measured against the close before the result

Daily sessions · 16 Jul – 19 Aug 2026

-0.5% over the period

Mon

Tue

Wed

Thu

Fri

13 —

14 —

15 —

16 ₹324 -1.3% O ₹330 H ₹330 L ₹323

17 ₹323 -0.6% O ₹324 H ₹326 L ₹320

20 ₹323 +0.1% O ₹322 H ₹329 L ₹322

21 ₹327 +1.4% O ₹324 H ₹329 L ₹322

22 ₹326 -0.4% O ₹332 H ₹335 L ₹324

23 ₹324 -0.6% O ₹326 H ₹327 L ₹322

24 ₹322 -0.6% O ₹323 H ₹323 L ₹317

27 ₹326 +1.2% O ₹325 H ₹327 L ₹323

28 ₹329 +0.9% O ₹327 H ₹332 L ₹325

29 ₹327 -0.6% O ₹331 H ₹332 L ₹326

30 ₹333 +1.9% O ₹327 H ₹334 L ₹326

31 ₹333 -0.1% O ₹336 H ₹338 L ₹331

3 ₹344 +3.4% O ₹335 H ₹344 L ₹332

4 ₹342 -0.7% O ₹342 H ₹342 L ₹334

5 ₹335 -2.1% O ₹348 H ₹348 L ₹327 RESULT*

6 ₹331 -1.0% O ₹335 H ₹335 L ₹330

7 ₹332 +0.0% O ₹331 H ₹335 L ₹328

10 ₹323 -2.5% O ₹332 H ₹332 L ₹323

11 ₹325 +0.4% O ₹324 H ₹326 L ₹320

12 ₹328 +0.9% O ₹325 H ₹328 L ₹321

13 ₹331 +0.9% O ₹324 H ₹332 L ₹323

14 ₹331 -0.0% O ₹329 H ₹332 L ₹328

17 ₹327 -1.2% O ₹330 H ₹330 L ₹326

18 ₹320 -2.0% O ₹325 H ₹328 L ₹320

19 ₹327 +2.1% O ₹320 H ₹329 L ₹320

20 —

21 —

run-up, the two weeks before reaction session the seven sessions the card is scored on market closed · * announcement time not published, so the next session is assumed

Measured from 4 Aug, the close before the result ₹342.50

Latest close 19 Aug ₹327.35

Change since the result -₹15.15 · -4.4%

Bar set before the week 2.5% (60% of its 4.1% average)

Actual move on the reaction day -3.1%

Reached its own bar Yes — the screen was right about the size of the move

Every result behind that average — 15 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	22 May 2026	-1.6%	-1.8%	-0.7%	—	-1.1%	—
Q3FY26	6 Feb 2026	+7.6%	+5.0%	+0.3%	—	+4.7%	—
Q2FY26	10 Nov 2025	+6.6%	+9.5%	+2.2%	—	+7.3%	—
Q1FY26	13 Aug 2025	+5.1%	+12.2%	+2.0%	—	+10.2%	—
Q4FY25	2 Jun 2025	-3.8%	-2.1%	+1.6%	—	-3.6%	—
Q3FY25	11 Feb 2025	+1.5%	-2.3%	-2.0%	—	-0.3%	—
Q2FY25	13 Nov 2024	-3.8%	-5.5%	+1.4%	—	-6.9%	—
Q1FY25	14 Aug 2024	+3.5%	+17.2%	+3.6%	—	+13.6%	—
Q4FY24	23 May 2024	-6.2%	-8.8%	+2.9%	—	-11.7%	—
Q3FY24	7 Feb 2024	-5.4%	-5.7%	+0.5%	—	-6.2%	—
Q2FY24	7 Nov 2023	+1.4%	+13.8%	+1.6%	—	+12.1%	—
Q1FY24	14 Aug 2023	-9.7%	-6.5%	-0.2%	—	-6.3%	—
Q4FY23	25 May 2023	+1.0%	—	-3.8%	—	—	—
Q3FY23	14 Feb 2023	-4.8%	-3.2%	-1.5%	—	-1.7%	—
Q2FY23	1 Nov 2022	+0.0%	+8.2%	+1.9%	—	+6.3%	—

Outpaced the market over the week after its result in 6 of 14 quarters (43%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	4.1%
Largest single reaction	-9.7% Q1FY24
Share of reactions that were upward	53.3%
Return since the last result	+20.3%
Return, last 90 sessions	+36.8%
Delivery trend	4.7 pp
Correlation to NIFTY 50, baseline → now	0.32 → 0.10
Correlation break	1.4 SD
Return above the index	+11.1%
Return against its sector, 90 sessions	+26.7%
52-week range	₹200 – ₹338

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 2 Aug 2026; never edited after publication.

FSL Loss · -10.2%

Firstsource Solutions Ltd. ·industry peers

±4.6% typical move

85.6 score

Moves 4.6% on results on average; rising broadly in line with the index, leads its sector.

Has not crossed +5% in the 8 sessions since the result — best so far -1.5%

₹302.12 close 2 Aug · 90 sessions +32.7%

52-wk low₹202 56% of range 52-wk high₹381

Where it traded in the 8 sessions after the result, against the ₹293.95 close before it

Cheapest session ₹263.15 18 Aug ·-10.5%

Dearest session ₹289.55 7 Aug ·-1.5%

A record of the range that was traded, not levels to act on — which day was the low is only visible once the window has closed, and this product publishes no entry or exit levels.

Reactivity 30% 71.0

Momentum 20% 92.9

Divergence 30% 89.3

Sector 20% 94.8

4.6% average move on results, 15 quarters Mixed pattern -2.3 SD from its own correlation Result board meeting 06 Aug; timing not published, so we assume after market

⚑ Already run up into the result ⚑ Announcement time not published; after-market assumed ⚑ Sector proxied by a peer basket

The four layers in full

beats market and sector
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 15 results the average absolute move from the session before the announcement to the session after was 4.6%. The largest was 12.7% (Q4FY26). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 25.9% over 30 sessions and 32.7% over 90 sessions. Sitting at the 56th percentile of its 52-week range. Closed above its 20-day average on 63% of the last 30 sessions. High expectations are already built into the price.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.38; over the last 30 sessions that has run at 0.65 (-2.3 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 1.21 to the index would account for, by 24.8 percentage points. The move is broadly in line with the market's own direction.

Layer 4 · Sector

Over 90 sessions it has outperformed peer basket by 19.1 percentage points, and led it over the last 30 by 21.9. Strength is showing against both the market and its own pack.

How the composite of 85.6 was calculated

composite = 0.30·L1 + 0.20·L2 + 0.30·L3 + 0.20·L4

Layer	Score	Weight	Contribution
Layer 1 · Reactivity 80% percentile of average absolute move on results + 20% consistency	71.0	30%	21.29
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	92.9	20%	18.57
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	89.3	30%	26.79
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	94.8	20%	18.95
Composite		100%	85.60

run-up into the result the measured sessions best point reached · measured against the close before the result

Daily sessions · 20 Jul – 21 Aug 2026

+3.6% over the period

Mon

Tue

Wed

Thu

Fri

20 ₹266 +0.1% O ₹263 H ₹269 L ₹262

21 ₹266 -0.2% O ₹266 H ₹272 L ₹265

22 ₹264 -0.7% O ₹267 H ₹267 L ₹261

23 ₹255 -3.1% O ₹261 H ₹262 L ₹255

24 ₹253 -0.9% O ₹253 H ₹257 L ₹251

27 ₹262 +3.4% O ₹256 H ₹264 L ₹255

28 ₹263 +0.3% O ₹263 H ₹270 L ₹261

29 ₹293 +11.6% O ₹266 H ₹298 L ₹266

30 ₹299 +2.1% O ₹289 H ₹302 L ₹287

31 ₹302 +0.8% O ₹295 H ₹304 L ₹286

3 ₹324 +7.4% O ₹304 H ₹330 L ₹304

4 ₹330 +2.0% O ₹324 H ₹333 L ₹318

5 ₹339 +2.6% O ₹332 H ₹341 L ₹328

6 ₹293 -13.4% O ₹339 H ₹339 L ₹280

7 ₹279 -4.8% O ₹285 H ₹289 L ₹275 RESULT*

10 ₹279 -0.1% O ₹280 H ₹281 L ₹272

11 ₹279 -0.0% O ₹281 H ₹284 L ₹275

12 ₹274 -1.8% O ₹280 H ₹280 L ₹272

13 ₹272 -0.8% O ₹277 H ₹277 L ₹271

14 ₹267 -1.9% O ₹273 H ₹273 L ₹266

17 ₹267 +0.2% O ₹266 H ₹269 L ₹265

18 ₹263 -1.5% O ₹267 H ₹268 L ₹263

19 ₹273 +3.5% O ₹265 H ₹274 L ₹263

20 ₹272 -0.3% O ₹275 H ₹277 L ₹271

21 ₹276 +1.4% O ₹272 H ₹276 L ₹270

run-up, the two weeks before reaction session the seven sessions the card is scored on market closed · * announcement time not published, so the next session is assumed

Measured from 6 Aug, the close before the result ₹293.95

Latest close 21 Aug ₹276.05

Change since the result -₹17.90 · -6.1%

Bar set before the week 2.8% (60% of its 4.6% average)

Outcome Not reviewed yet — the verdict is published on Saturday

Every result behind that average — 15 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	7 May 2026	+12.7%	-3.9%	-2.8%	—	-1.1%	—
Q3FY26	4 Feb 2026	-3.5%	-17.9%	-1.0%	—	-17.0%	—
Q2FY26	6 Nov 2025	-3.4%	+3.1%	+1.6%	—	+1.4%	—
Q1FY26	31 Jul 2025	+1.5%	+9.6%	-1.1%	—	+10.7%	—
Q4FY25	29 Apr 2025	-3.9%	-8.3%	-1.3%	—	-7.0%	—
Q3FY25	10 Feb 2025	+0.7%	-0.2%	-2.7%	—	+2.4%	—
Q2FY25	29 Oct 2024	-9.2%	+2.3%	-0.6%	—	+2.8%	—
Q1FY25	31 Jul 2024	+11.0%	+4.8%	-2.0%	—	+6.8%	—
Q4FY24	6 May 2024	-8.2%	-6.4%	-1.2%	—	-5.2%	—
Q3FY24	8 Feb 2024	-0.4%	-4.1%	+0.9%	—	-5.0%	—
Q2FY24	9 Nov 2023	-1.5%	+3.1%	+1.7%	—	+1.3%	—
Q1FY24	3 Aug 2023	+3.0%	+1.5%	-0.5%	—	+2.0%	—
Q4FY23	5 May 2023	-1.2%	+13.7%	+0.2%	—	+13.5%	—
Q3FY23	2 Feb 2023	+7.4%	+10.4%	+0.9%	—	+9.5%	—
Q2FY23	2 Nov 2022	-1.8%	+4.8%	+1.0%	—	+3.8%	—

Outpaced the market over the week after its result in 10 of 15 quarters (67%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	4.6%
Largest single reaction	12.7% Q4FY26
Share of reactions that were upward	40.0%
Return since the last result	+28.5%
Return, last 90 sessions	+32.7%
Delivery trend	0.8 pp
Correlation to NIFTY 50, baseline → now	0.38 → 0.65
Correlation break	-2.3 SD
Return above the index	+24.8%
Return against its sector, 90 sessions	+19.1%
52-week range	₹202 – ₹381

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 2 Aug 2026; never edited after publication.

MAPMYINDIA Loss · -13.2%

C.E. Info Systems Ltd. ·NIFTY IT

±4.6% typical move

89.2 score

Moves 4.6% on results on average; rising broadly in line with the index, leads its sector.

Has not crossed +5% in the 8 sessions since the result — best so far -3.8%

₹1,181.65 close 2 Aug · 90 sessions +34.2%

52-wk low₹795 32% of range 52-wk high₹1,998

Where it traded in the 8 sessions after the result, against the ₹1,139.70 close before it

Cheapest session ₹979.30 11 Aug ·-14.1%

Dearest session ₹1,096.20 5 Aug ·-3.8%

A record of the range that was traded, not levels to act on — which day was the low is only visible once the window has closed, and this product publishes no entry or exit levels.

Reactivity 30% 76.2

Momentum 20% 97.2

Divergence 30% 90.5

Sector 20% 98.6

4.6% average move on results, 15 quarters Continuation pattern -0.8 SD from its own correlation Result board meeting 04 Aug; timing not published, so we assume after market

⚑ Already run up into the result ⚑ Announcement time not published; after-market assumed

The four layers in full

beats market and sector
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 15 results the average absolute move from the session before the announcement to the session after was 4.6%. The largest was 12.9% (Q4FY25). Historically the pre-result 30-day trend continued through the announcement in 73% of classified quarters.

Layer 2 · Momentum

Up 32.7% over 30 sessions and 34.2% over 90 sessions. Sitting at the 32th percentile of its 52-week range. Closed above its 20-day average on 87% of the last 30 sessions. Delivery volumes have been running 4.1 points lower than the 90-day average. High expectations are already built into the price.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.22; over the last 30 sessions that has run at 0.35 (-0.8 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 0.76 to the index would account for, by 32.0 percentage points. The move is broadly in line with the market's own direction.

Layer 4 · Sector

Over 90 sessions it has outperformed NIFTY IT by 30.3 percentage points, and led it over the last 30 by 24.8. Strength is showing against both the market and its own pack.

How the composite of 89.2 was calculated

composite = 0.30·L1 + 0.20·L2 + 0.30·L3 + 0.20·L4

Layer	Score	Weight	Contribution
Layer 1 · Reactivity 80% percentile of average absolute move on results + 20% consistency	76.2	30%	22.86
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	97.2	20%	19.44
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	90.5	30%	27.14
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	98.6	20%	19.71
Composite		100%	89.16

run-up into the result the measured sessions best point reached · measured against the close before the result

Daily sessions · 16 Jul – 19 Aug 2026

-14.3% over the period

Mon

Tue

Wed

Thu

Fri

13 —

14 —

15 —

16 ₹1,178 +0.2% O ₹1,170 H ₹1,193 L ₹1,161

17 ₹1,173 -0.5% O ₹1,178 H ₹1,192 L ₹1,160

20 ₹1,097 -6.5% O ₹1,173 H ₹1,181 L ₹1,080

21 ₹1,070 -2.4% O ₹1,095 H ₹1,121 L ₹1,065

22 ₹1,044 -2.4% O ₹1,071 H ₹1,091 L ₹1,026

23 ₹1,081 +3.6% O ₹1,044 H ₹1,129 L ₹1,028

24 ₹1,117 +3.3% O ₹1,078 H ₹1,135 L ₹1,073

27 ₹1,132 +1.3% O ₹1,135 H ₹1,167 L ₹1,128

28 ₹1,136 +0.4% O ₹1,132 H ₹1,154 L ₹1,121

29 ₹1,163 +2.4% O ₹1,145 H ₹1,222 L ₹1,141

30 ₹1,184 +1.9% O ₹1,165 H ₹1,199 L ₹1,157

31 ₹1,181 -0.3% O ₹1,192 H ₹1,192 L ₹1,158

3 ₹1,196 +1.2% O ₹1,195 H ₹1,217 L ₹1,186

4 ₹1,139 -4.7% O ₹1,204 H ₹1,214 L ₹1,092

5 ₹1,046 -8.2% O ₹1,082 H ₹1,096 L ₹1,041 RESULT*

6 ₹1,070 +2.3% O ₹1,050 H ₹1,076 L ₹1,042

7 ₹1,014 -5.3% O ₹1,075 H ₹1,075 L ₹1,010

10 ₹985 -2.9% O ₹1,020 H ₹1,022 L ₹979

11 ₹1,013 +2.9% O ₹999 H ₹1,015 L ₹979

12 ₹996 -1.7% O ₹1,018 H ₹1,020 L ₹986

13 ₹993 -0.3% O ₹996 H ₹1,013 L ₹988

14 ₹989 -0.4% O ₹993 H ₹999 L ₹985

17 ₹991 +0.2% O ₹990 H ₹997 L ₹980

18 ₹1,012 +2.1% O ₹991 H ₹1,019 L ₹985

19 ₹1,007 -0.5% O ₹1,012 H ₹1,012 L ₹999

20 —

21 —

run-up, the two weeks before reaction session the seven sessions the card is scored on market closed · * announcement time not published, so the next session is assumed

Measured from 4 Aug, the close before the result ₹1,139.70

Latest close 19 Aug ₹1,007.60

Change since the result -₹132.10 · -11.6%

Bar set before the week 2.8% (60% of its 4.6% average)

Actual move on the reaction day -6.1%

Reached its own bar Yes — the screen was right about the size of the move

Every result behind that average — 15 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	20 May 2026	-7.3%	-15.2%	-0.3%	-0.8%	-14.9%	-14.4%
Q3FY26	16 Feb 2026	-6.5%	-15.2%	+0.0%	-6.6%	-15.2%	-8.6%
Q2FY26	11 Nov 2025	-5.8%	-6.7%	+2.4%	+3.8%	-9.2%	-10.5%
Q1FY26	8 Aug 2025	+3.4%	+0.9%	+1.8%	+2.8%	-1.0%	-1.9%
Q4FY25	12 May 2025	+12.9%	+8.8%	+3.4%	+4.6%	+5.4%	+4.1%
Q3FY25	30 Jan 2025	+3.3%	+0.2%	+0.9%	-0.7%	-0.7%	+1.0%
Q2FY25	11 Nov 2024	-9.7%	-22.9%	-3.3%	-0.2%	-19.5%	-22.6%
Q1FY25	12 Aug 2024	-1.3%	-2.4%	+1.8%	+6.3%	-4.3%	-8.7%
Q4FY24	14 May 2024	+4.0%	+3.0%	+3.9%	+2.3%	-0.9%	+0.7%
Q3FY24	17 Jan 2024	-3.4%	-3.6%	-1.3%	-0.5%	-2.2%	-3.0%
Q2FY24	1 Nov 2023	+1.7%	-1.1%	+1.7%	+0.4%	-2.7%	-1.5%
Q1FY24	7 Aug 2023	+3.8%	+7.9%	-0.8%	+2.1%	+8.6%	+5.8%
Q4FY23	24 Apr 2023	-1.0%	+6.6%	+3.6%	+4.0%	+3.0%	+2.6%
Q3FY23	1 Feb 2023	-1.3%	-3.2%	+1.1%	+3.8%	-4.3%	-7.0%
Q2FY23	28 Oct 2022	-3.6%	-8.0%	+2.4%	+0.2%	-10.4%	-8.2%

Outpaced the market over the week after its result in 3 of 15 quarters (20%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	4.6%
Largest single reaction	12.9% Q4FY25
Share of reactions that were upward	40.0%
Return since the last result	+29.6%
Return, last 90 sessions	+34.2%
Delivery trend	-4.1 pp
Correlation to NIFTY 50, baseline → now	0.22 → 0.35
Correlation break	-0.8 SD
Return above the index	+32.0%
Return against its sector, 90 sessions	+30.3%
52-week range	₹795 – ₹1,998

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 2 Aug 2026; never edited after publication.

How this week turned out

Saturday’s review measures each card against the bar it set for itself, and names the biggest actual mover of the week whether or not the screen surfaced it.

Read the verdict for this week →