Divergence Radar: where earnings and share prices disagree

Fundamentals through Oct 2026 (lag-adjusted by 60 days) · prices as of 9 Oct 2026 · 1338 companies above ₹500 cr ranked. Also see the Sector Rotation Map.

How the two scores work

Fundamental momentum (F, 0–100) is the average percentile rank of three 12-month changes: EPS (TTM) growth, ROCE and operating margin. Financial companies are ranked on EPS growth only. Companies whose profit a year earlier was below ₹5 cr are not ranked on EPS growth, and companies whose filings stopped updating are left out.

Price momentum (P, 0–100) is the percentile rank of the 126-session (about 6 months) price return. Gap is F minus P.

A company is listed under Business ahead of price when F is at least 70, P is at most 40, the gap is at least 35 and revenue (TTM) is higher than a year ago. It is listed under Price ahead of business when P is at least 70, F is at most 40 and the gap is at most −35. Months on the list counts consecutive month-ends.

Fundamentals become visible about 60 days after a quarter ends, while prices react on the announcement date, so a company that reported early has had extra time for its price to move. Sector names use today's classification; companies no longer listed are not covered.

AllLarge (top 100)Mid (101–250)Small (rest, ≥ ₹500 cr)

Business ahead of price (55)

CAPITAL INDIA FINANCE LIMITED CIFL · Finance · ₹775 cr

Fundamentals 99 / Price 7 · gap +917 months on the list

EPS (TTM) +500% y/y · Revenue (TTM) +29% y/y · Share price −22% over 6 months (earnings-only score, financial company; over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −2%.
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PB FINTECH LTD POLICYBZR POLICYBZR · Technology Services · ₹46,944 cr

Fundamentals 85 / Price 1 · gap +842 months on the list

EPS (TTM) +4241% y/y · ROCE +0.0 pp · Op. margin +210.0 pp · Revenue (TTM) +245% y/y · Share price −33% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −45%.
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INDIA CEMENTS LTD INDIACEM · Non-Energy Minerals · ₹9,243 cr

Fundamentals 91 / Price 8 · gap +835 months on the list

ROCE +7.0 pp · Op. margin +7.0 pp · Revenue (TTM) +8% y/y · Share price −21% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −17%.
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BLS INTERNATIONAL SERVICES LTD BLS · Technology Services · ₹8,904 cr

Fundamentals 86 / Price 3 · gap +835 months on the list

EPS (TTM) +587% y/y · ROCE +40.0 pp · Op. margin +1.0 pp · Revenue (TTM) +63% y/y · Share price −27% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −9%.
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APEX FROZEN FOODS LTD APEX · Consumer Non-Durables · ₹1,047 cr

Fundamentals 93 / Price 11 · gap +823 months on the list

EPS (TTM) +460% y/y · ROCE +8.0 pp · Op. margin +6.0 pp · Revenue (TTM) +5% y/y · Share price −18% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −12%.
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MUTHOOT FINANCE LIMITED MUTHOOTFIN · Finance · ₹1,05,362 cr

Fundamentals 86 / Price 4 · gap +825 months on the list

EPS (TTM) +73% y/y · Revenue (TTM) +54% y/y · Share price −25% over 6 months (earnings-only score, financial company)

Since the latest earnings figures entered the data (Sep 2026), share price −10%.
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GLOBUS SPIRITS LIMITED GLOBUSSPR · Consumer Non-Durables · ₹2,269 cr

Fundamentals 85 / Price 11 · gap +745 months on the list

EPS (TTM) +283% y/y · ROCE +5.0 pp · Op. margin +2.0 pp · Revenue (TTM) +8% y/y · Share price −19% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −15%.
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BIRLASOFT LIMITED BSOFT · Technology Services · ₹7,994 cr

Fundamentals 79 / Price 6 · gap +742 months on the list

EPS (TTM) +80% y/y · ROCE +0.0 pp · Op. margin +15.0 pp · Revenue (TTM) +18% y/y · Share price −23% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −4%.
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SWIGGY LIMITED SWIGGY · Consumer Services · ₹61,917 cr

Fundamentals 88 / Price 15 · gap +738 months on the list

ROCE +4.0 pp · Op. margin +7.9 pp · Revenue (TTM) +22% y/y · Share price −16% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −15%.
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BRAINBEES SOLUTIONS LIMITED FIRSTCRY · Retail Trade · ₹8,838 cr

Fundamentals 74 / Price 1 · gap +732 months on the list

EPS (TTM) +103% y/y · ROCE +0.0 pp · Op. margin +3.2 pp · Revenue (TTM) +12% y/y · Share price −31% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −5%.
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CRIZAC LIMITED CRIZAC · Technology Services · ₹2,859 cr

Fundamentals 78 / Price 5 · gap +732 months on the list

EPS (TTM) +47% y/y · ROCE +11.0 pp · Op. margin +1.0 pp · Revenue (TTM) +34% y/y · Share price −24% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −1%.
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HINDUSTAN COPPER LIMITED HINDCOPPER · Non-Energy Minerals · ₹45,333 cr

Fundamentals 95 / Price 24 · gap +724 months on the list

EPS (TTM) +133% y/y · ROCE +18.0 pp · Op. margin +13.0 pp · Revenue (TTM) +67% y/y · Share price −11% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −11%.
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LATENT VIEW ANALYTICS LIMITED LATENTVIEW · Commercial Services · ₹4,817 cr

Fundamentals 76 / Price 6 · gap +705 months on the list

EPS (TTM) +47% y/y · ROCE +3.0 pp · Op. margin +2.0 pp · Revenue (TTM) +11% y/y · Share price −23% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −15%.
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SANOFI CONSUMER HEALTHCARE IND SANOFICONR · Consumer Non-Durables · ₹8,249 cr

Fundamentals 79 / Price 9 · gap +702 months on the list

EPS (TTM) +33% y/y · Op. margin +6.0 pp · Revenue (TTM) +31% y/y · Share price −20% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −13%.
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NATIONAL FERTILIZERS LIMITED NFL · Process Industries · ₹3,031 cr

Fundamentals 83 / Price 14 · gap +705 months on the list

EPS (TTM) +220% y/y · ROCE +2.0 pp · Op. margin +3.5 pp · Revenue (TTM) +23% y/y · Share price −16% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −13%.
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PRISM JOHNSON LIMITED PRSMJOHNSN · Non-Energy Minerals · ₹4,926 cr

Fundamentals 76 / Price 7 · gap +692 months on the list

EPS (TTM) +27% y/y · ROCE +4.0 pp · Op. margin +3.0 pp · Revenue (TTM) +7% y/y · Share price −22% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −12%.
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JINDAL POLY INVESTMENT & FIN JPOLYINVST · Finance · ₹984 cr

Fundamentals 80 / Price 11 · gap +694 months on the list

EPS (TTM) +1499% y/y · ROCE +84.0 pp · Op. margin −0.2 pp · Revenue (TTM) +3152% y/y · Share price −18% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −8%.
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SHRIRAM PROPERTIES LIMITED SHRIRAMPPS · Finance · ₹1,166 cr

Fundamentals 90 / Price 23 · gap +673 months on the list

ROCE +3.0 pp · Op. margin +35.0 pp · Revenue (TTM) +152% y/y · Share price −11% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −12%.
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RALLIS INDIA LTD RALLIS · Process Industries · ₹3,850 cr

Fundamentals 73 / Price 5 · gap +675 months on the list

EPS (TTM) +24% y/y · ROCE +4.0 pp · Op. margin +2.0 pp · Revenue (TTM) +4% y/y · Share price −23% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −4%.
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MAX FINANCIAL SERVICES LIMITED MFSL · Finance · ₹46,091 cr

Fundamentals 79 / Price 12 · gap +675 months on the list

ROCE +0.2 pp · Op. margin +18.5 pp · Revenue (TTM) +75% y/y · Share price −18% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −15%.
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LUPIN LIMITED LUPIN · Health Technology · ₹89,421 cr

Fundamentals 79 / Price 17 · gap +623 months on the list

EPS (TTM) +33% y/y · ROCE +4.0 pp · Op. margin +4.0 pp · Revenue (TTM) +13% y/y · Share price −15% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −9%.
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HOUSING URBAN DEV CO LTD HUDCO HUDCO · Finance · ₹31,973 cr

Fundamentals 81 / Price 21 · gap +604 months on the list

EPS (TTM) +53% y/y · Revenue (TTM) +26% y/y · Share price −12% over 6 months (earnings-only score, financial company)

Since the latest earnings figures entered the data (Sep 2026), share price −11%.
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INDIAN OVERSEAS BANK IOB · Finance · ₹58,859 cr

Fundamentals 80 / Price 23 · gap +574 months on the list

EPS (TTM) +50% y/y · Revenue (TTM) +15% y/y · Share price −11% over 6 months (earnings-only score, financial company; over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −5%.
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HINDALCO INDUSTRIES LIMITED HINDALCO · Non-Energy Minerals · ₹2,02,306 cr

Fundamentals 90 / Price 33 · gap +562 months on the list

EPS (TTM) +92% y/y · ROCE +4.0 pp · Op. margin +10.0 pp · Revenue (TTM) +25% y/y · Share price −5% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −11%.
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HINDUSTAN ZINC LTD HINDZINC · Non-Energy Minerals · ₹2,29,618 cr

Fundamentals 90 / Price 39 · gap +52New this month

EPS (TTM) +67% y/y · ROCE +8.0 pp · Op. margin +9.0 pp · Revenue (TTM) +39% y/y · Share price −3% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −9%.
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NLC INDIA LIMITED NLCINDIA · Utilities · ₹33,745 cr

Fundamentals 74 / Price 26 · gap +493 months on the list

EPS (TTM) +43% y/y · ROCE +0.0 pp · Op. margin +9.0 pp · Revenue (TTM) +11% y/y · Share price −10% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −11%.
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FORTIS HEALTHCARE LIMITED FORTIS · Health Services · ₹59,231 cr

Fundamentals 73 / Price 32 · gap +423 months on the list

EPS (TTM) +156% y/y · ROCE +1.0 pp · Op. margin +1.0 pp · Revenue (TTM) +20% y/y · Share price −7% over 6 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −14%.
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GMR AIRPORTS LIMITED GMRAIRPORT · Transportation · ₹99,695 cr

Fundamentals 79 / Price 37 · gap +422 months on the list

ROCE +1.0 pp · Op. margin +8.0 pp · Revenue (TTM) +224% y/y · Share price −4% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −2%.
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TITAN COMPANY LIMITED TITAN · Consumer Durables · ₹3,91,499 cr

Fundamentals 76 / Price 40 · gap +36New this month

EPS (TTM) +47% y/y · ROCE +2.0 pp · Op. margin +3.0 pp · Revenue (TTM) +41% y/y · Share price −2% over 6 months

Since the latest earnings figures entered the data (Sep 2026), share price −13%.
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Price ahead of business (93)

RAYMOND LIMITED RAYMOND · Process Industries · ₹7,884 cr

Price 100 / Fundamentals 10 · gap −906 months on the list

Share price +222% over 6 months · EPS (TTM) −100% y/y · ROCE −3.0 pp · Op. margin −324.6 pp

Since the latest earnings figures entered the data (Sep 2026), share price +87%.
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GENESYS INTERNATIONAL CORPORAT GENESYS · Technology Services · ₹1,848 cr

Price 93 / Fundamentals 5 · gap −882 months on the list

Share price +66% over 6 months · EPS (TTM) −79% y/y · ROCE −9.0 pp · Op. margin −13.8 pp · P/E 34x → 128x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price +22%.
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ZIM LABORATORIES LIMITED ZIMLAB · Health Technology · ₹729 cr

Price 98 / Fundamentals 17 · gap −816 months on the list

Share price +112% over 6 months · EPS (TTM) −59% y/y · ROCE −3.0 pp · Op. margin −3.5 pp · P/E 39x → 193x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price +28%.
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TARSONS PRODUCTS LTD TARSONS · Process Industries · ₹1,705 cr

Price 93 / Fundamentals 18 · gap −755 months on the list

Share price +65% over 6 months · EPS (TTM) −50% y/y · ROCE −3.0 pp · Op. margin −3.1 pp · P/E 39x → 86x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −7%.
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THEMIS MEDICARE LIMITED THEMISMED · Health Technology · ₹1,036 cr

Price 77 / Fundamentals 3 · gap −744 months on the list

Share price +33% over 6 months · ROCE −11.0 pp · Op. margin −50.0 pp (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −12%.
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JINDAL SAW LIMITED JINDALSAW · Non-Energy Minerals · ₹17,236 cr

Price 79 / Fundamentals 6 · gap −737 months on the list

Share price +35% over 6 months · EPS (TTM) −70% y/y · ROCE −12.0 pp · Op. margin −8.0 pp · P/E 6x → 33x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price −13%.
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MAWANA SUGARS LIMITED MAWANASUG · Consumer Non-Durables · ₹590 cr

Price 91 / Fundamentals 19 · gap −723 months on the list

Share price +58% over 6 months · EPS (TTM) −56% y/y · ROCE −2.0 pp · Op. margin −3.9 pp · P/E 5x → 21x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +3%.
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RATEGAIN TRAVEL TECHNOLOGIES RATEGAIN · Technology Services · ₹10,084 cr

Price 90 / Fundamentals 19 · gap −715 months on the list

Share price +55% over 6 months · EPS (TTM) −52% y/y · ROCE −2.0 pp · Op. margin −4.1 pp · P/E 99x → 276x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −6%.
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WELSPUN LIVING LIMITED WELSPUNLIV · Consumer Non-Durables · ₹21,376 cr

Price 95 / Fundamentals 24 · gap −713 months on the list

Share price +82% over 6 months · EPS (TTM) −26% y/y · ROCE −7.0 pp · Op. margin +0.0 pp · P/E 28x → 67x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price +13%.
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ORIENTAL AROMATICS LIMITED OAL · Process Industries · ₹1,744 cr

Price 97 / Fundamentals 27 · gap −714 months on the list

Share price +103% over 6 months · EPS (TTM) −33% y/y · ROCE −3.0 pp · Op. margin −0.2 pp · P/E 30x → 63x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +16%.
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SIGACHI INDUSTRIES LIMITED SIGACHI · Health Technology · ₹1,079 cr

Price 80 / Fundamentals 10 · gap −704 months on the list

Share price +36% over 6 months · ROCE −6.0 pp · Op. margin −8.2 pp

Since the latest earnings figures entered the data (Sep 2026), share price −10%.
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CYIENT DLM LIMITED CYIENTDLM · Electronic Technology · ₹7,712 cr

Price 100 / Fundamentals 30 · gap −694 months on the list

Share price +211% over 6 months · EPS (TTM) −20% y/y · ROCE −3.0 pp · Op. margin +0.0 pp · P/E 46x → 122x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +11%.
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OMAXE LIMITED OMAXE · Finance · ₹1,828 cr

Price 78 / Fundamentals 8 · gap −693 months on the list

Share price +33% over 6 months · ROCE −5.0 pp · Op. margin −55.0 pp

Since the latest earnings figures entered the data (Sep 2026), share price −21%.
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OPTIEMUS INFRACOM LIMITED OPTIEMUS · Distribution Services · ₹7,261 cr

Price 99 / Fundamentals 30 · gap −694 months on the list

Share price +127% over 6 months · EPS (TTM) −11% y/y · ROCE −3.0 pp · Op. margin −1.0 pp · P/E 246x → 389x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +40%.
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REDINGTON LIMITED REDINGTON · Distribution Services · ₹29,708 cr

Price 95 / Fundamentals 26 · gap −684 months on the list

Share price +78% over 6 months · EPS (TTM) −8% y/y · ROCE −7.0 pp · Op. margin −0.1 pp · P/E 13x → 22x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +9%.
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PTC INDUSTRIES LIMITED PTCIL · Producer Manufacturing · ₹36,778 cr

Price 90 / Fundamentals 28 · gap −622 months on the list

Share price +55% over 6 months · EPS (TTM) −26% y/y · ROCE −1.0 pp · Op. margin −2.7 pp · P/E 640x → 1228x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price +8%.
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ZYDUS LIFESCIENCES LIMITED ZYDUSLIFE · Health Technology · ₹1,12,389 cr

Price 73 / Fundamentals 14 · gap −59New this month

Share price +25% over 6 months · EPS (TTM) −21% y/y · ROCE −14.0 pp · Op. margin −3.0 pp · P/E 22x → 32x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price −4%.
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NUVAMA WEALTH MANAGEMENT NUVAMA · Finance · ₹32,090 cr

Price 82 / Fundamentals 25 · gap −575 months on the list

Share price +38% over 6 months · EPS (TTM) −24% y/y · ROCE −7.0 pp · Op. margin +0.0 pp · P/E 33x → 54x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price −1%.
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ADANI GREEN ENERGY LTD ADANIGREEN · Utilities · ₹2,06,908 cr

Price 71 / Fundamentals 19 · gap −522 months on the list

Share price +22% over 6 months · EPS (TTM) −35% y/y · ROCE −3.0 pp · Op. margin −3.1 pp · P/E 234x → 399x over 12 months (over 40% of profit is other income)

Since the latest earnings figures entered the data (Sep 2026), share price −1%.
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GLOBAL HEALTH LIMITED MEDANTA · Health Services · ₹35,235 cr

Price 72 / Fundamentals 30 · gap −434 months on the list

Share price +24% over 6 months · EPS (TTM) +0% y/y · ROCE −4.0 pp · Op. margin −1.0 pp · P/E 73x → 73x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price −10%.
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MOTILAL OSWAL FINANCIAL SERVIC MOTILALOFS · Technology Services · ₹61,677 cr

Price 80 / Fundamentals 38 · gap −423 months on the list

Share price +36% over 6 months · EPS (TTM) −25% y/y · ROCE −7.0 pp · Op. margin +6.0 pp · P/E 42x → 59x over 12 months

Since the latest earnings figures entered the data (Sep 2026), share price +1%.
Open in the observatory →

Left the list this month

COHANCE LIFESCIENCES LIMITED — a recent split or bonus may distort the figures (F 4, P 84)
GOLDIAM INTERNATIONAL LIMITED — price score fell (F 12, P 69)
KABRA EXTRUSION TECHNIK LTD — not enough data (F —, P —)
ELECTROTHERM (INDIA) LIMITED — price score fell (F 6, P 51)
IFGL REFRACTORIES LTD — a recent split or bonus may distort the figures (F 22, P 65)
WINDLAS BIOTECH LIMITED — price score fell (F 36, P 69)

The Divergence Radar and Sector Rotation Map are mechanical screens computed from historical, publicly reported financial data and past share prices. Scores are relative rankings within the companies we cover, not ratings or forecasts. A divergence can persist or widen, and can reflect information not captured in reported numbers (guidance, one-off items, corporate actions, governance concerns). Fundamentals are lag-adjusted by an assumed 60 days and may be stale relative to the latest announcements. Coverage includes only currently listed companies above ₹500 cr market cap. This is not investment advice or a recommendation to buy, sell or hold any security. ApnaFunda is not a SEBI-registered investment adviser or research analyst. Please do your own research or consult a registered adviser.