clarivest

FORENSIC RESEARCH · NIFTY 500

Read the fine print, before it reads you.

Clarivest surfaces what’s buried in disclosures, pledges, and unusual trading activity — before it shows up in a screener.

Promoter Signal · as of 13 Oct 2026

+16.8pp

Max Financial Services Ltd.’s promoter pledge jumped 16.8pp, from 26.9% to 43.7% pledged.

Source: NSE promoter pledge (SAST) disclosure

Independent research on 500 listed companies

SEBI RA registration pending — disclosed on every report

Today’s flagged signals

Live reads across surveillance status, promoter pledge, delivery, short interest, bulk/block activity, 52-week positioning, and upcoming corporate actions — no login required.

Surveillance flags

Stocks flagged under NSE's ASM/GSM/ESM frameworks face trading and price restrictions — here's what's currently flagged.

202 of 2351 covered scrips flagged · as of 14 Oct 2026

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What’s coming to Spotlights

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Earnings Quality & Forensic

Where reported earnings and the cash a business actually generates diverge — receivable stretch, aggressive revenue recognition, and one-off gains dressed up as operating performance — read quarter by quarter alongside management's own commentary, flagging language and figures worth carrying into the next quarter's review.

In developmentNo live coverage yet — in development

Valuation-with-Forensic-Discount

Standard valuation work, re-run after our forensic adjustments — what a multiple looks like once you strip out the earnings quality issues a plain screener wouldn't catch.

In developmentNo live coverage yet — in development

Recent from the blog

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When Losses Become a Strategy: Three Indian "Big Baths" and the Market's Verdict

In our last post, we described the big bath: when a bad period can't be disguised, management bundles every write-down and provision it can into that one period, then reports a cleaner future. A record loss alone doesn't prove this is happening. Sometimes the loss is simply real. The useful questions are whether the charge was forced or discretionary, whether it landed in an already weak period, and what the market and the next few quarters said afterwards. Here are three Indian cases, each wit

The Big Bath Strategy

The Securities and Exchange Board of India (SEBI) and the National Financial Reporting Authority (NFRA) prohibit companies from going too far in prettifying their profits to pump up their share prices. These regulators refrain from indicating exactly how far is too far. For some withholding an information is not a lie unless somebody asks for it. And a number of research also indicate that the quality of being open, honest, and sincere in financial reporting is lacking and widespread. By the la

The Need for Reading Between the Lines

There are two distinct approaches to Financial Statement analysis. The first is to follow a prescribed routine, filling in boxes with standard financial ratios (precise and inflexible definitions), a cookie-cutter approach. The second and a more rewarding alternative is a relentless pursuit of accurate financial profiles. This tenacity is required because financial statements often conceal more than they reveal. This approach is looks at the first approach as a means rather than an end. So the