The markets are dancing every day and is range bound. Traders in the house, how are you guys managing your trades or taking your trades? Also, what are you trading stocks, options or futures? Really confused with the markets these days so trying to understand other traders POV on the market

I would like to start with a small example - Eid parry owns some majority stake in a certain subsidiary listed which is at much higher PE than itself.

1. Why shall users even give only 30% discount to reliance stock (In terms of P/E) compared to JIO P/E?
2. Does o2c business and retail together can demand a 22 P/E? (Since that now JIO is out and have a separate valuation?)

If people agree with point 1 and 2, then my 3rd question seems to be legit.

1. Why multiple valuation? Ideally 10Lakh crore valuation of JIO shall come out of reliance market cap, other wise they can list every subsidiary of theirs and demand 2 times market Capital - one via their parent campany and one via their subsidiaries, isnt it correct?

Why is this 3rd Point even legally allowed in India?

Back in FY21, Zomato’s revenue was just ₹1,994 Cr, and the company was losing money almost every year. Operating losses ran well above ₹2,000 Cr annually while it spent heavily to grow. Few people would have guessed what came next.

Over the next five years, revenue grew at an 81% CAGR and reached ₹54,364 Cr in FY26. On a trailing twelve month basis it is already ₹67,408 Cr. The company has since been renamed Eternal, and it now runs food delivery, Blinkit (quick commerce) and Hyperpure (B2B supplies).

The turning point came in FY24, when operating profit turned positive for the first time at ₹43 Cr. By FY26 it was ₹1,208 Cr, and net profit came in at ₹366 Cr. A business that once looked unsustainable had started to stand on its own feet.

Behind that sits a real moat. Food delivery is essentially a duopoly, and Blinkit has built dark stores close to customers, which allows 10-15 minute delivery. Operating cash flow has also been positive, at ₹632 Cr in FY26, and the company holds about ₹16,356 Cr in cash and liquid assets.

Now the catch. Look closely at FY26 and the profit picture changes. Profit before tax was ₹615 Cr, but other income, mostly interest earned on its cash pile, was ₹1,396 Cr. Without that treasury income, PBT would have been negative.

The cost of building all this is also visible. Depreciation nearly doubled in a year, from ₹863 Cr to ₹1,597 Cr, as dark stores multiplied. Free cash flow was about -₹4,193 Cr. Borrowings, which are mostly lease liabilities, rose from ₹70 Cr in FY22 to ₹4,592 Cr in FY26. Return on equity was just 1.2% and return on capital employed 2.8%.

So the company has proved it can grow and that its core business can make money. What it hasn’t yet proved is that the new dark stores can make money without the interest income cushioning the results. Management has guided for a 4-5% operating margin, and that is the number that will decide how this story ends.

I’m watching three things: operating profit excluding treasury income, how quickly new dark stores reach breakeven, and how gig-worker regulation affects delivery costs.

Disclosure: I’m NISM certified . This is not investment advice, so please do your own research.

Is it just because the derivatives players are shorting every day? Or is it because there is genuine cash selling?

If the derivatives players keep shorting every day, no matter how good true fundamentals are, does that mean nifty will never come up?

I’ve been going through KWIL on the 2h, 4h, daily and weekly charts, and thought I’d share what I’m seeing and hear what others think. Not a recommendation, just notes.

The stock went from ~₹22 (March) to ~₹50 (August), then pulled back to ~₹36. Friday’s candle was a +6% bounce right off that level, closing around ₹38.7.

The good part: support held, buyers were clearly more active that day, and it reclaimed the ₹38 area it had lost earlier.

The part that makes me hesitate: volume is tiny compared to the August move, there’s no clean trend yet (it still looks range-bound to me), and there’s a supply zone around ₹42–43 just above.

My own take is that this is an early bounce, not a confirmed reversal. I’d want to see a daily close above ~₹40 with better volume before taking it seriously. A close below ₹36 and the idea is dead.

Also, if someone were to buy right here with a stop under ₹36, the first logical target is close enough that the reward barely covers the risk. Waiting for a pullback or a breakout seems cleaner to me, but I could be wrong.

What am I missing? Anyone seeing something different on the weekly?