Archived week

Week of 10–15 Aug 2026

5 names from 163 screened, picked on a composite of four layers. Each card was frozen before the week opened and has not been edited since.

GLAND Gain · +5.7%

Gland Pharma Ltd. ·NIFTY PHARMA

±9.6% typical move

85.5 score

Moves 9.6% on results on average; rising broadly in line with the index, leads its sector.

Crossed +5% within the 8 sessions since the result — reached +14.0% on 14 Aug

₹2,601.00 close 9 Aug · 90 sessions +52.1%

52-wk low₹1,573 97% of range 52-wk high₹2,634

Where it traded in the 8 sessions after the result, against the ₹2,667.30 close before it

Cheapest session ₹2,808.00 11 Aug ·+5.3%

Dearest session ₹3,039.80 14 Aug ·+14.0%

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% 91.4

Divergence 30% 74.7

Sector 20% 99.4

9.6% average move on results, 15 quarters Mixed pattern 0.1 SD from its own correlation Result board meeting 10 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 9.6%. The largest was -32.9% (Q4FY23). Move sizes have been erratic quarter to quarter. The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 12.4% over 30 sessions and 52.1% over 90 sessions. Sitting at the 97th 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 0.21; over the last 30 sessions that has run at 0.20 (0.0 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 0.52 to the index would account for, by 11.3 percentage points. The move is broadly in line with the market's own direction.

Layer 4 · Sector

Over 90 sessions it has outperformed NIFTY PHARMA by 35.0 percentage points, and led it over the last 30 by 6.1. Strength is showing against both the market and its own pack.

How the composite of 85.5 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	83.1	30%	24.93
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	91.4	20%	18.27
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	74.7	30%	22.41
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	99.4	20%	19.87
Composite		100%	85.48

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 · 22 Jul – 25 Aug 2026

+13.8% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 —

22 ₹2,439 -1.7% O ₹2,465 H ₹2,465 L ₹2,351

23 ₹2,377 -2.5% O ₹2,438 H ₹2,439 L ₹2,360

24 ₹2,379 +0.1% O ₹2,379 H ₹2,415 L ₹2,366

27 ₹2,427 +2.0% O ₹2,381 H ₹2,430 L ₹2,376

28 ₹2,428 +0.0% O ₹2,429 H ₹2,459 L ₹2,408

29 ₹2,543 +4.8% O ₹2,428 H ₹2,550 L ₹2,428

30 ₹2,517 -1.0% O ₹2,565 H ₹2,586 L ₹2,493

31 ₹2,502 -0.6% O ₹2,525 H ₹2,535 L ₹2,500

3 ₹2,579 +3.0% O ₹2,505 H ₹2,585 L ₹2,494

4 ₹2,583 +0.2% O ₹2,579 H ₹2,634 L ₹2,561

5 ₹2,545 -1.5% O ₹2,587 H ₹2,595 L ₹2,531

6 ₹2,608 +2.5% O ₹2,570 H ₹2,626 L ₹2,557

7 ₹2,601 -0.3% O ₹2,601 H ₹2,619 L ₹2,570

10 ₹2,667 +2.5% O ₹2,632 H ₹2,685 L ₹2,610

11 ₹2,924 +9.6% O ₹2,845 H ₹2,988 L ₹2,808 RESULT*

12 ₹2,891 -1.1% O ₹2,924 H ₹2,949 L ₹2,860

13 ₹2,967 +2.6% O ₹2,891 H ₹2,975 L ₹2,825

14 ₹2,970 +0.1% O ₹2,950 H ₹3,039 L ₹2,946

17 ₹2,910 -2.0% O ₹2,986 H ₹2,993 L ₹2,859

18 ₹2,858 -1.8% O ₹2,904 H ₹2,925 L ₹2,850

19 ₹2,841 -0.6% O ₹2,852 H ₹2,881 L ₹2,827

20 ₹2,820 -0.7% O ₹2,857 H ₹2,869 L ₹2,811

21 ₹2,819 -0.0% O ₹2,844 H ₹2,877 L ₹2,792

24 ₹2,801 -0.6% O ₹2,825 H ₹2,880 L ₹2,791

25 ₹2,824 +0.8% O ₹2,810 H ₹2,835 L ₹2,776

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 10 Aug, the close before the result ₹2,667.30

Latest close 25 Aug ₹2,824.60

Change since the result ₹157.30 · +5.9%

Bar set before the week 5.8% (60% of its 9.6% average)

Actual move on the reaction day +8.4%

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	18 May 2026	+20.5%	+23.8%	+1.1%	+0.3%	+22.7%	+23.5%
Q3FY26	29 Jan 2026	+9.3%	+11.5%	+2.1%	+2.5%	+9.5%	+9.0%
Q2FY26	4 Nov 2025	-3.7%	-7.2%	+0.6%	+1.7%	-7.8%	-8.9%
Q1FY26	6 Aug 2025	-0.4%	+0.4%	+0.9%	+0.8%	-0.5%	-0.4%
Q4FY25	21 May 2025	+3.2%	+6.0%	+0.3%	-0.1%	+5.8%	+6.1%
Q3FY25	4 Feb 2025	-1.1%	-2.5%	-1.4%	+0.3%	-1.1%	-2.8%
Q2FY25	5 Nov 2024	+15.2%	+10.1%	-1.9%	-3.9%	+12.1%	+14.0%
Q1FY25	7 Aug 2024	-3.8%	-6.9%	+2.4%	+3.1%	-9.3%	-10.1%
Q4FY24	23 May 2024	+5.2%	+3.2%	+2.9%	-2.3%	+0.2%	+5.5%
Q3FY24	15 Feb 2024	+2.6%	-6.1%	+1.3%	+2.0%	-7.4%	-8.1%
Q2FY24	7 Nov 2023	+3.2%	+3.4%	+1.6%	+4.9%	+1.8%	-1.4%
Q1FY24	8 Aug 2023	+24.5%	+16.8%	-1.5%	-1.3%	+18.3%	+18.2%
Q4FY23	19 May 2023	-32.9%	-31.9%	+2.8%	+3.0%	-34.6%	-34.8%
Q3FY23	24 Jan 2023	-2.4%	-11.9%	-1.5%	-4.2%	-10.5%	-7.8%
Q2FY23	27 Oct 2022	-15.9%	-18.9%	+3.1%	+0.9%	-22.0%	-19.8%

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	9.6%
Largest single reaction	-32.9% Q4FY23
Share of reactions that were upward	53.3%
Return since the last result	+20.6%
Return, last 90 sessions	+52.1%
Delivery trend	0.2 pp
Correlation to NIFTY 50, baseline → now	0.21 → 0.20
Correlation break	0.1 SD
Return above the index	+11.3%
Return against its sector, 90 sessions	+35.0%
52-week range	₹1,573 – ₹2,634

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 9 Aug 2026; never edited after publication.

INDOTECH Average · +4.8%

Indo Tech Transformers Limited

±10.1% typical move

85.6 score

Moves 10.1% on results on average; has decoupled from the index while rising.

Crossed +5% within the 8 sessions since the result — reached +5.2% on 19 Aug

₹3,792.60 close 9 Aug · 90 sessions +199.7%

52-wk low₹1,100 94% of range 52-wk high₹3,976

Where it traded in the 8 sessions after the result, against the ₹3,725.20 close before it

Cheapest session ₹3,376.10 13 Aug ·-9.4%

Dearest session ₹3,917.40 19 Aug ·+5.2%

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% 87.0

Momentum 20% 100.0

Divergence 30% 98.2

Sector 20% 50.0

10.1% average move on results, 16 quarters Mixed pattern 2.5 SD from its own correlation Result board meeting 11 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

no clean sector benchmark
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 16 results the average absolute move from the session before the announcement to the session after was 10.1%. The largest was 44.0% (Q4FY23). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 29.2% over 30 sessions and 199.7% over 90 sessions. Sitting at the 94th percentile of its 52-week range. Closed above its 20-day average on 100% of the last 30 sessions. High expectations are already built into the price.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.24; over the last 30 sessions that has run at -0.10 (2.5 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 1.09 to the index would account for, by 26.9 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

No clean sector benchmark for this stock, so sector-relative strength is not part of its score this week.

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	87.0	30%	26.11
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	98.2	30%	29.45
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	50.0	20%	10.00
Composite		100%	85.56

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

Daily sessions · 23 Jul – 26 Aug 2026

+9.8% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 —

22 —

23 ₹3,297 -3.4% O ₹3,460 H ₹3,460 L ₹3,242

24 ₹3,418 +3.6% O ₹3,290 H ₹3,449 L ₹3,170

27 ₹3,503 +2.5% O ₹3,400 H ₹3,550 L ₹3,351

28 ₹3,467 -1.0% O ₹3,599 H ₹3,599 L ₹3,420

29 ₹3,463 -0.1% O ₹3,475 H ₹3,492 L ₹3,339

30 ₹3,387 -2.2% O ₹3,462 H ₹3,550 L ₹3,365

31 ₹3,453 +1.9% O ₹3,404 H ₹3,468 L ₹3,300

3 ₹3,470 +0.5% O ₹3,510 H ₹3,529 L ₹3,351

4 ₹3,556 +2.5% O ₹3,491 H ₹3,573 L ₹3,451

5 ₹3,607 +1.4% O ₹3,556 H ₹3,625 L ₹3,501

6 ₹3,787 +5.0% O ₹3,640 H ₹3,787 L ₹3,550

7 ₹3,792 +0.1% O ₹3,976 H ₹3,976 L ₹3,738

10 ₹3,804 +0.3% O ₹3,792 H ₹3,825 L ₹3,656

11 ₹3,725 -2.1% O ₹3,801 H ₹3,845 L ₹3,700

12 ₹3,539 -5.0% O ₹3,670 H ₹3,725 L ₹3,539 RESULT*

13 ₹3,445 -2.7% O ₹3,500 H ₹3,520 L ₹3,376

14 ₹3,558 +3.3% O ₹3,412 H ₹3,599 L ₹3,412

17 ₹3,608 +1.4% O ₹3,598 H ₹3,635 L ₹3,470

18 ₹3,788 +5.0% O ₹3,634 H ₹3,788 L ₹3,617

19 ₹3,709 -2.1% O ₹3,917 H ₹3,917 L ₹3,680

20 ₹3,727 +0.5% O ₹3,750 H ₹3,895 L ₹3,601

21 ₹3,902 +4.7% O ₹3,800 H ₹3,914 L ₹3,771

24 ₹3,850 -1.3% O ₹3,910 H ₹4,030 L ₹3,801

25 ₹3,742 -2.8% O ₹3,899 H ₹3,900 L ₹3,720

26 ₹3,745 +0.1% O ₹3,889 H ₹3,889 L ₹3,728

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 11 Aug, the close before the result ₹3,725.20

Latest close 26 Aug ₹3,745.90

Change since the result ₹20.70 · +0.6%

Bar set before the week 6.0% (60% of its 10.1% average)

Actual move on the reaction day -7.5%

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

Every result behind that average — 16 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	21 May 2026	-5.4%	+5.6%	-1.2%	—	+6.8%	—
Q3FY26	5 Feb 2026	-10.2%	-12.4%	-0.4%	—	-12.1%	—
Q2FY26	14 Nov 2025	-0.7%	-7.7%	+0.0%	—	-7.7%	—
Q1FY26	14 Aug 2025	+4.2%	-2.0%	+0.4%	—	-2.4%	—
Q4FY25	21 May 2025	-9.8%	-22.6%	+0.3%	—	-22.9%	—
Q3FY25	12 Feb 2025	-9.5%	-17.6%	-1.2%	—	-16.4%	—
Q2FY25	13 Nov 2024	+10.0%	+12.4%	+1.4%	—	+11.0%	—
Q1FY25	7 Aug 2024	-8.8%	-12.3%	+2.4%	—	-14.7%	—
Q4FY24	24 May 2024	+10.2%	+4.3%	-4.7%	—	+9.0%	—
Q3FY24	14 Feb 2024	+8.0%	+9.7%	+2.2%	—	+7.5%	—
Q2FY24	10 Nov 2023	+5.1%	+6.9%	+2.1%	—	+4.7%	—
Q1FY24	14 Aug 2023	-9.7%	-4.0%	-0.2%	—	-3.8%	—
Q4FY23	22 May 2023	+44.0%	+85.7%	+1.8%	—	+83.9%	—
Q3FY23	13 Feb 2023	-5.0%	-10.5%	-1.7%	—	-8.8%	—
Q2FY23	11 Nov 2022	-12.0%	-17.5%	+1.2%	—	-18.7%	—
Q1FY23	16 Aug 2022	-8.6%	-10.4%	-1.0%	—	-9.4%	—

Outpaced the market over the week after its result in 6 of 16 quarters (38%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	10.1%
Largest single reaction	44.0% Q4FY23
Share of reactions that were upward	37.5%
Return since the last result	+59.3%
Return, last 90 sessions	+199.7%
Delivery trend	— pp
Correlation to NIFTY 50, baseline → now	0.25 → -0.10
Correlation break	2.5 SD
Return above the index	+26.9%
Return against its sector, 90 sessions	—
52-week range	₹1,100 – ₹3,976

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 9 Aug 2026; never edited after publication.

HIRECT Average · +4.2%

Hind Rectifiers Limited

±6.1% typical move

84.1 score

Moves 6.1% on results on average; has decoupled from the index while rising.

Crossed +5% within the 8 sessions since the result — reached +8.8% on 21 Aug

₹1,310.20 close 9 Aug · 90 sessions +65.0%

52-wk low₹565 89% of range 52-wk high₹1,399

Where it traded in the 8 sessions after the result, against the ₹1,222.30 close before it

Cheapest session ₹1,186.40 12 Aug ·-2.9%

Dearest session ₹1,329.50 21 Aug ·+8.8%

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% 84.0

Momentum 20% 100.0

Divergence 30% 96.3

Sector 20% 50.0

6.1% average move on results, 14 quarters Continuation pattern 1.4 SD from its own correlation Result board meeting 11 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

no clean sector benchmark
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 6.1%. The largest was 16.2% (Q4FY23). Historically the pre-result 30-day trend continued through the announcement in 67% of classified quarters.

Layer 2 · Momentum

Up 16.9% over 30 sessions and 65.0% over 90 sessions. Sitting at the 89th percentile of its 52-week range. Closed above its 20-day average on 73% of the last 30 sessions. High expectations are already built into the price.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.28; over the last 30 sessions that has run at 0.07 (1.4 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 1.25 to the index would account for, by 14.2 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

No clean sector benchmark for this stock, so sector-relative strength is not part of its score this week.

How the composite of 84.1 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	84.0	30%	25.19
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	96.3	30%	28.89
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	50.0	20%	10.00
Composite		100%	84.08

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

Daily sessions · 23 Jul – 26 Aug 2026

-2.5% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 —

22 —

23 ₹1,285 +0.5% O ₹1,270 H ₹1,310 L ₹1,240

24 ₹1,301 +1.3% O ₹1,266 H ₹1,324 L ₹1,255

27 ₹1,332 +2.3% O ₹1,333 H ₹1,359 L ₹1,316

28 ₹1,311 -1.6% O ₹1,332 H ₹1,332 L ₹1,269

29 ₹1,323 +0.9% O ₹1,311 H ₹1,337 L ₹1,275

30 ₹1,300 -1.7% O ₹1,346 H ₹1,355 L ₹1,290

31 ₹1,338 +2.9% O ₹1,305 H ₹1,369 L ₹1,294

3 ₹1,339 +0.1% O ₹1,344 H ₹1,360 L ₹1,319

4 ₹1,320 -1.4% O ₹1,345 H ₹1,388 L ₹1,310

5 ₹1,330 +0.8% O ₹1,325 H ₹1,360 L ₹1,310

6 ₹1,297 -2.5% O ₹1,330 H ₹1,331 L ₹1,286

7 ₹1,310 +1.0% O ₹1,303 H ₹1,328 L ₹1,294

10 ₹1,293 -1.3% O ₹1,310 H ₹1,336 L ₹1,290

11 ₹1,222 -5.5% O ₹1,299 H ₹1,306 L ₹1,162

12 ₹1,242 +1.6% O ₹1,222 H ₹1,269 L ₹1,186 RESULT*

13 ₹1,253 +0.9% O ₹1,253 H ₹1,325 L ₹1,242

14 ₹1,256 +0.2% O ₹1,254 H ₹1,272 L ₹1,242

17 ₹1,258 +0.2% O ₹1,256 H ₹1,277 L ₹1,247

18 ₹1,261 +0.2% O ₹1,250 H ₹1,266 L ₹1,245

19 ₹1,263 +0.2% O ₹1,252 H ₹1,297 L ₹1,245

20 ₹1,278 +1.2% O ₹1,263 H ₹1,292 L ₹1,261

21 ₹1,273 -0.4% O ₹1,275 H ₹1,329 L ₹1,265

24 ₹1,223 -4.0% O ₹1,281 H ₹1,290 L ₹1,212

25 ₹1,235 +1.0% O ₹1,226 H ₹1,254 L ₹1,215

26 ₹1,246 +0.9% O ₹1,240 H ₹1,257 L ₹1,237

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 11 Aug, the close before the result ₹1,222.30

Latest close 26 Aug ₹1,246.80

Change since the result ₹24.50 · +2.0%

Bar set before the week 3.7% (60% of its 6.1% average)

Actual move on the reaction day +2.5%

Reached its own bar No — the screen was wrong about the size of the move

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	18 May 2026	+4.9%	+21.8%	+1.1%	—	+20.7%	—
Q3FY26	12 Feb 2026	-3.4%	+1.2%	-0.9%	—	+2.2%	—
Q2FY26	7 Nov 2025	-9.7%	-17.5%	+1.6%	—	-19.1%	—
Q1FY26	30 Jul 2025	+7.1%	+7.1%	-1.8%	—	+9.0%	—
Q4FY25	6 May 2025	+0.5%	+18.1%	+2.5%	—	+15.6%	—
Q3FY25	31 Jan 2025	-4.2%	-18.2%	-0.8%	—	-17.4%	—
Q2FY25	30 Oct 2024	+10.2%	+13.4%	-1.3%	—	+14.7%	—
Q1FY25	1 Aug 2024	+10.2%	+12.6%	-2.4%	—	+15.0%	—
Q4FY24	29 May 2024	-9.8%	-14.2%	+1.8%	—	-16.0%	—
Q3FY24	9 Feb 2024	-0.8%	+8.9%	+2.2%	—	+6.7%	—
Q1FY24	9 Aug 2023	-2.9%	+5.0%	-0.9%	—	+5.9%	—
Q4FY23	29 May 2023	+16.2%	+18.5%	+0.5%	—	+18.0%	—
Q3FY23	3 Feb 2023	-4.9%	-6.4%	+1.8%	—	-8.2%	—
Q2FY23	14 Nov 2022	-0.5%	+8.3%	-0.4%	—	+8.7%	—

Outpaced the market over the week after its result in 10 of 14 quarters (71%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	6.1%
Largest single reaction	16.2% Q4FY23
Share of reactions that were upward	42.9%
Return since the last result	+44.0%
Return, last 90 sessions	+65.0%
Delivery trend	0.6 pp
Correlation to NIFTY 50, baseline → now	0.28 → 0.07
Correlation break	1.4 SD
Return above the index	+14.2%
Return against its sector, 90 sessions	—
52-week range	₹565 – ₹1,399

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 9 Aug 2026; never edited after publication.

PANAMAPET Average · +0.6%

Panama Petrochem Limited

±5.6% typical move

81.3 score

Moves 5.6% on results on average; has decoupled from the index while rising.

Crossed +5% within the 8 sessions since the result — reached +7.8% on 13 Aug

₹504.80 close 9 Aug · 90 sessions +94.1%

52-wk low₹229 95% of range 52-wk high₹518

Where it traded in the 8 sessions after the result, against the ₹480.55 close before it

Cheapest session ₹477.50 14 Aug ·-0.6%

Dearest session ₹518.00 13 Aug ·+7.8%

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% 81.2

Momentum 20% 88.3

Divergence 30% 97.5

Sector 20% 50.0

5.6% average move on results, 15 quarters Mixed pattern 2.8 SD from its own correlation Result board meeting 12 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

no clean sector benchmark
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 5.6%. The largest was -13.5% (Q2FY25). The pre-result trend has continued and reversed in roughly equal measure, so the trend carries no historical information here.

Layer 2 · Momentum

Up 24.7% over 30 sessions and 94.1% over 90 sessions. Sitting at the 95th percentile of its 52-week range. Closed above its 20-day average on 77% of the last 30 sessions. Delivery volumes have been running 3.5 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 0.34; over the last 30 sessions that has run at 0.06 (2.8 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 1.02 to the index would account for, by 22.5 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

No clean sector benchmark for this stock, so sector-relative strength is not part of its score this week.

How the composite of 81.3 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	81.2	30%	24.37
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	88.3	20%	17.65
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	97.5	30%	29.26
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	50.0	20%	10.00
Composite		100%	81.28

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

Daily sessions · 24 Jul – 27 Aug 2026

-6.0% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 —

22 —

23 —

24 ₹498 -0.5% O ₹502 H ₹518 L ₹490

27 ₹487 -2.2% O ₹499 H ₹503 L ₹482

28 ₹451 -7.3% O ₹493 H ₹493 L ₹448

29 ₹447 -0.8% O ₹451 H ₹461 L ₹439

30 ₹435 -2.8% O ₹447 H ₹451 L ₹432

31 ₹453 +4.2% O ₹436 H ₹455 L ₹430

3 ₹460 +1.6% O ₹459 H ₹471 L ₹456

4 ₹458 -0.5% O ₹464 H ₹465 L ₹453

5 ₹455 -0.7% O ₹458 H ₹464 L ₹450

6 ₹494 +8.7% O ₹477 H ₹500 L ₹472

7 ₹504 +2.0% O ₹496 H ₹510 L ₹483

10 ₹528 +4.8% O ₹511 H ₹532 L ₹503

11 ₹545 +3.1% O ₹540 H ₹550 L ₹517

12 ₹480 -11.9% O ₹555 H ₹599 L ₹456

13 ₹488 +1.6% O ₹490 H ₹518 L ₹478 RESULT*

14 ₹482 -1.1% O ₹499 H ₹499 L ₹477

17 ₹487 +0.9% O ₹482 H ₹511 L ₹480

18 ₹502 +3.2% O ₹491 H ₹512 L ₹489

19 ₹489 -2.6% O ₹508 H ₹509 L ₹486

20 ₹486 -0.7% O ₹492 H ₹493 L ₹480

21 ₹485 -0.2% O ₹486 H ₹493 L ₹483

24 ₹483 -0.4% O ₹491 H ₹495 L ₹481

25 ₹476 -1.3% O ₹485 H ₹485 L ₹471

26 ₹480 +0.7% O ₹481 H ₹496 L ₹476

27 ₹470 -2.0% O ₹484 H ₹485 L ₹466

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 12 Aug, the close before the result ₹480.55

Latest close 27 Aug ₹470.75

Change since the result -₹9.80 · -2.0%

Bar set before the week 3.4% (60% of its 5.6% average)

Actual move on the reaction day +0.4%

Reached its own bar No — the screen was wrong 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	1 Jun 2026	-4.1%	+16.0%	-1.4%	—	+17.4%	—
Q3FY26	11 Feb 2026	+0.4%	-6.5%	-1.4%	—	-5.1%	—
Q2FY26	12 Nov 2025	+0.3%	+2.9%	+1.5%	—	+1.4%	—
Q1FY26	1 Aug 2025	-2.7%	-6.6%	-1.1%	—	-5.5%	—
Q4FY25	27 May 2025	-0.9%	-0.7%	-1.0%	—	+0.3%	—
Q3FY25	31 Jan 2025	+6.4%	-3.2%	-0.8%	—	-2.4%	—
Q2FY25	12 Nov 2024	-13.5%	-11.8%	-1.0%	—	-10.9%	—
Q1FY25	30 Jul 2024	-6.0%	-8.7%	-2.9%	—	-5.8%	—
Q4FY24	27 May 2024	+9.1%	-0.6%	-1.5%	—	+0.9%	—
Q3FY24	2 Feb 2024	-13.1%	-13.3%	+0.2%	—	-13.5%	—
Q2FY24	8 Nov 2023	-3.7%	-4.1%	+1.5%	—	-5.6%	—
Q1FY24	28 Jul 2023	-6.9%	-6.1%	-0.5%	—	-5.7%	—
Q4FY23	30 May 2023	-7.3%	-0.3%	+0.7%	—	-1.0%	—
Q3FY23	9 Feb 2023	-6.5%	-4.9%	-0.2%	—	-4.7%	—
Q2FY23	14 Nov 2022	+3.2%	+16.4%	-0.4%	—	+16.8%	—

Outpaced the market over the week after its result in 5 of 15 quarters (33%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	5.6%
Largest single reaction	-13.5% Q2FY25
Share of reactions that were upward	33.3%
Return since the last result	+67.6%
Return, last 90 sessions	+94.1%
Delivery trend	-3.5 pp
Correlation to NIFTY 50, baseline → now	0.34 → 0.06
Correlation break	2.8 SD
Return above the index	+22.5%
Return against its sector, 90 sessions	—
52-week range	₹229 – ₹518

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 9 Aug 2026; never edited after publication.

IDEAFORGE Loss · -10.2%

Ideaforge Technology Limited

±10.1% typical move

83.0 score

Moves 10.1% on results on average; has decoupled from the index while rising.

Has not crossed +5% in the 8 sessions since the result — best so far -2.4%

₹911.65 close 9 Aug · 90 sessions +125.3%

52-wk low₹366 87% of range 52-wk high₹992

Where it traded in the 8 sessions after the result, against the ₹897.75 close before it

Cheapest session ₹769.80 13 Aug ·-14.3%

Dearest session ₹876.55 19 Aug ·-2.4%

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% 84.6

Momentum 20% 96.5

Divergence 30% 94.4

Sector 20% 50.0

10.1% average move on results, 12 quarters Continuation pattern 2.3 SD from its own correlation Result board meeting 10 Aug; timing not published, so we assume after market

⚑ Announcement time not published; after-market assumed

The four layers in full

no clean sector benchmark
Horizontal: against its sector. Vertical: against the market.

Layer 1 · Reactivity

Over the last 12 results the average absolute move from the session before the announcement to the session after was 10.1%. The largest was 32.0% (Q4FY26). Move sizes have been erratic quarter to quarter. Historically the pre-result 30-day trend continued through the announcement in 62% of classified quarters.

Layer 2 · Momentum

Up 10.5% over 30 sessions and 125.3% over 90 sessions. Sitting at the 87th percentile of its 52-week range. Closed above its 20-day average on 50% of the last 30 sessions.

Layer 3 · Divergence

Normally tracks NIFTY 50 at a correlation of 0.29; over the last 30 sessions that has run at 0.06 (2.3 standard deviations from its own norm). Over 30 sessions it has outrun what its beta of 1.02 to the index would account for, by 8.3 percentage points. The move is the stock's own rather than the market's.

Layer 4 · Sector

No clean sector benchmark for this stock, so sector-relative strength is not part of its score this week.

How the composite of 83.0 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	84.6	30%	25.37
Layer 2 · Momentum Percentile of the momentum blend, adjusted by its continuation/reversal pattern	96.5	20%	19.31
Layer 3 · Divergence Percentile of (0.25 + correlation break in SD) × return above the index	94.4	30%	28.33
Layer 4 · Sector 60% quadrant score + 40% percentile of 90-session sector-relative return	50.0	20%	10.00
Composite		100%	83.01

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

Daily sessions · 22 Jul – 25 Aug 2026

-7.2% over the period

Mon

Tue

Wed

Thu

Fri

20 —

21 —

22 ₹861 +1.3% O ₹840 H ₹864 L ₹835

23 ₹861 -0.1% O ₹855 H ₹870 L ₹852

24 ₹870 +1.1% O ₹849 H ₹899 L ₹844

27 ₹860 -1.2% O ₹870 H ₹884 L ₹857

28 ₹847 -1.4% O ₹860 H ₹863 L ₹840

29 ₹848 +0.1% O ₹847 H ₹858 L ₹846

30 ₹851 +0.3% O ₹850 H ₹858 L ₹840

31 ₹875 +2.8% O ₹851 H ₹879 L ₹850

3 ₹887 +1.4% O ₹892 H ₹899 L ₹870

4 ₹882 -0.5% O ₹896 H ₹896 L ₹870

5 ₹872 -1.1% O ₹884 H ₹885 L ₹865

6 ₹916 +5.0% O ₹871 H ₹916 L ₹860

7 ₹911 -0.5% O ₹937 H ₹946 L ₹898

10 ₹897 -1.5% O ₹918 H ₹922 L ₹880

11 ₹852 -5.0% O ₹852 H ₹870 L ₹852 RESULT*

12 ₹810 -5.0% O ₹810 H ₹824 L ₹810

13 ₹781 -3.5% O ₹795 H ₹805 L ₹769

14 ₹820 +5.0% O ₹778 H ₹820 L ₹770

17 ₹795 -3.1% O ₹820 H ₹828 L ₹787

18 ₹834 +5.0% O ₹780 H ₹834 L ₹780

19 ₹825 -1.2% O ₹862 H ₹876 L ₹820

20 ₹806 -2.3% O ₹836 H ₹836 L ₹791

21 ₹812 +0.7% O ₹814 H ₹846 L ₹790

24 ₹796 -2.0% O ₹816 H ₹822 L ₹795

25 ₹788 -1.0% O ₹800 H ₹806 L ₹776

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 10 Aug, the close before the result ₹897.75

Latest close 25 Aug ₹788.80

Change since the result -₹108.95 · -12.1%

Bar set before the week 6.0% (60% of its 10.1% average)

Actual move on the reaction day -9.7%

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

Every result behind that average — 12 quarters

Quarter	Result date	Reaction day	Stock T+7	Market T+7	Sector T+7	vs market	vs sector
Q4FY26	4 May 2026	+32.0%	+26.6%	-2.4%	—	+29.0%	—
Q3FY26	23 Jan 2026	-5.1%	+1.6%	+1.9%	—	-0.4%	—
Q2FY26	29 Oct 2025	-0.7%	-5.9%	-1.4%	—	-4.5%	—
Q1FY26	23 Jul 2025	-10.7%	-20.6%	-2.0%	—	-18.6%	—
Q4FY25	9 May 2025	+27.4%	+39.7%	+1.7%	—	+38.0%	—
Q3FY25	29 Jan 2025	-4.2%	-7.3%	+2.6%	—	-9.9%	—
Q2FY25	29 Oct 2024	-7.6%	+2.0%	-0.6%	—	+2.6%	—
Q1FY25	30 Jul 2024	-13.4%	-18.2%	-2.9%	—	-15.3%	—
Q4FY24	15 May 2024	-2.0%	-0.1%	+3.2%	—	-3.3%	—
Q3FY24	6 Feb 2024	+9.4%	-0.8%	+0.6%	—	-1.5%	—
Q2FY24	9 Nov 2023	+0.0%	-4.9%	+1.7%	—	-6.6%	—
Q1FY24	9 Aug 2023	-8.2%	-7.1%	-0.9%	—	-6.2%	—

Outpaced the market over the week after its result in 3 of 12 quarters (25%). This is a record of what happened, not a statement about what will.

Numbers behind the scores

Average absolute move on results	10.1%
Largest single reaction	32.0% Q4FY26
Share of reactions that were upward	33.3%
Return since the last result	+24.7%
Return, last 90 sessions	+125.3%
Delivery trend	— pp
Correlation to NIFTY 50, baseline → now	0.29 → 0.07
Correlation break	2.3 SD
Return above the index	+8.3%
Return against its sector, 90 sessions	—
52-week range	₹366 – ₹992

Scores are percentile ranks across the names screened that week, not absolute readings. Prices adjusted for splits and bonuses. Frozen 9 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 →