Disclaimer
The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably. We do not give you any buy/sell tips. This article is for Educational purposes only.
I) Nifty: opened at 22353 and touched a high of 22577, then a low of 22353 and closed at 22508 with a total of +111 points in Positive.
II) Bank Nifty: opened at 48219 and touched a high of 48481, then a low of 48196, and closed at 48354 with a total of +293 points in Positive.
III) CNX Finance: opened at 23313 and touched a high of 23567, then a low of 23305, and closed at 23529, with a total of +239 points in Positive.
IV) Nifty Mid Select: open 10825 and touched a high of 10937, then a low of 10807 and closed at 10893, with a total of +69 points in Positive.
1. KEC International Share Price | The Transmission & Distribution (T&D) business has secured NOAs/ Comfort letters for T&D projects in India and the Americas including 800 kV HVDC & 765 kV Transmission line orders, from Power Grid Corporation of India.
2. Avanti Feeds has reached a new 52-week high, showcasing strong financial health with a high return on equity and low debt-to-equity ratio. The company has consistently reported positive results, achieving significant profit growth and outperforming the broader market, solidifying its leadership in the aquaculture sector.
1. Mastek, a midcap IT software company, has faced a notable decline, trading close to its 52-week low. The stock has dropped significantly over the past week and is currently below key moving averages, highlighting a bearish trend. This performance contrasts sharply with the broader market's upward movement.
2. JM Financial maintains a 'Buy' on Varun Beverages with a Rs 675 target, citing strong domestic and international growth drivers. Despite competition from Campa, PepsiCo, and Coca-Cola retain dominance. The company plans Rs 2,000 crore capex for expansion, including Africa.
Underperforming Stock vs Nifty 500 over 1 week
As of March 17, 2025, here are the latest updates on specific Indian stocks:
IndusInd Bank
Shares of IndusInd Bank surged nearly 6% after the Reserve Bank of India reassured depositors about the bank's stability. This positive development comes amid previous concerns over accounting discrepancies in its derivatives portfolio. economictimes.indiatimes.com
Ola Electric
Ola Electric's shares plummeted over 6% to a record low after announcing that one of its units is facing an insolvency petition from Rosmerta Digital Services, alleging payment defaults. The stock has declined approximately 38% since its IPO in August 2024, now trading at 47.4 rupees. Reuters.com+2reuters.com+2economictimes.indiatimes.com+2
Dr Reddy's Laboratories
Dr Reddy's Laboratories Ltd. experienced a 3.85% rise in its share price, reaching 1,150.45 rupees. This performance outpaced some competitors, with trading volumes significantly higher than the 50-day average. marketwatch.com
Nestle India
Nestle India Ltd. shares declined by 0.82% to 2,173.90 rupees, underperforming the broader market. The stock is currently 21.72% below its 52-week high of 2,777.00 rupees, achieved on September 27th. marketwatch.com
Infosys
Infosys Ltd. shares increased by 0.72% to 1,590.55 rupees, outperforming some competitors. However, the stock remains 20.74% below its 52-week high of 2,006.80 rupees, set on December 13th. MarketWatch.com+2marketwatch.com+2marketwatch.com+2
ICICI Bank
ICICI Bank Ltd. shares rose by 1.45% to 1,268.35 rupees, outperforming some competitors. Despite the gains, ICICI shares remained 6.83% below their 52-week high of 1,361.35 rupees, last achieved on September 20th. marketwatch.com
Tech Mahindra
Tech Mahindra Ltd. shares remained unchanged at 1,439.65 rupees, underperforming the broader market. The stock is currently 20.35% below its 52-week high of 1,807.40 rupees, achieved on December 12th. marketwatch.com
Please note that stock prices and market conditions are subject to rapid changes. For the most current information, consult real-time financial news sources or official stock exchange platforms.
Indian Stock Market Updates: IndusInd Bank Surges, Ola Electric Hits Record Low
