JioBlackRock Flexicap down 6.67% in 2026: 19 fresh buys, 18 exits in September reshuffle
Redington moved lower.
· Business Today Mkts
JioBlackRock Flexicap reshuffled its portfolio in September, bringing in new names such as Redington, Apollo Hospitals and GAIL while exiting stocks including Eternal, Laurus Labs and Thermax. Despite the changes, the fund’s year-to-date decline remained close to its benchmark, with its 6.67% fall comparing with a 6.96% drop in the Nifty 500 TRI.
The analysis
Redington reported movement of 6.67% and 6.96%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -8.5% on the day at ₹326.95, and has returned +5.2% over three months. It sits 21% below its 52-week high. The it sector has moved -3.1% over the same period, so Redington is running 8.2 points ahead of its peers.
For Redington, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The 5 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 3 of 5 are higher: Laurus Labs leads at +7.2% and Redington trails at -8.5%.
- Over three months: Redington +5.2% against IT -3.1% (8.2 points ahead); Apollo Hospitals -6.0% against Pharma & Healthcare -0.9% (5.1 points behind); GAIL India -3.3% against Oil & Energy -5.7% (2.4 points ahead); Laurus Labs +35.0% against Pharma & Healthcare -0.9% (35.9 points ahead).
- At least 25% below the 52-week high: Thermax (40%).
- Trading well above normal today: GAIL India at 2.0 times its 20-day average volume and Laurus Labs at 4.2 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| RedingtonREDINGTON · IT | ₹326.95 | -8.5% | -19.7% | +5.2% | -20.8% | 1.6× | — |
| Apollo HospitalsAPOLLOHOSP · Pharma & Healthcare | ₹8,448.00 | +3.0% | +3.5% | -6.0% | -6.8% | 0.6× | — |
| GAIL IndiaGAIL · Oil & Energy | ₹167.91 | +1.7% | -1.6% | -3.3% | -9.4% | 2.0× | — |
| Laurus LabsLAURUSLABS · Pharma & Healthcare | ₹2,405.50 | +7.2% | +21.5% | +35.0% | 0.0% | 4.2× | — |
| ThermaxTHERMAX · Power | ₹3,112.20 | -2.5% | -8.3% | -26.8% | -39.7% | 0.6× | — |
IT
1M +5.2% · 3M -3.1%
Redington
Pharma & Healthcare
1M -0.6% · 3M -0.9%
Apollo Hospitals, Laurus Labs
Oil & Energy
1M -4.8% · 3M -5.7%
GAIL India
Power
1M -6.9% · 3M -13.2%
Thermax
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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