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HAL shares dropped 4.6% after IAF Chief AP Singh criticized delays in Tejas-Mk1A delivery. HAL cited past sanctions as a cause but assured 11 aircraft deliveries by March. The PSU is negotiating an 80% technology transfer for GE-414 engines while managing a Rs 1.3 lakh crore order book.

Institutions leverage selling has influenced market fluctuations, with Indian leverage selling more prominent than FII selling. Samir Arora notes that small and midcap stocks typically align with market trends over time, suggesting that while corrections can happen, they are not overly alarming.

The Nifty Realty index was trading 2.38 per cent down at 842.5.

Shares of Lupin Ltd dropped 2.8% despite a significant Q3 profit increase of 38.8% year-on-year. The company s revenue surged 102.7%, reaching Rs 57,677 crore. Lupin received USFDA approval for a new nasal spray, and plans to transfer its OTC healthcare business to a new subsidiary. Mixed analyst sentiment suggests potential upside.

Vodafone Idea s shares fell by 2.3% to Rs 8.62 after reporting a reduced net loss of Rs 6,609 crore for Q3FY25. Despite revenue increasing to Rs 11,117 crore and highest quarterly cash EBITDA in six years, the total subscriber base stood at 199.8 million.

IRCTC reported a 10% YoY revenue growth to Rs 1,225 crore in Q3FY25, with a 11% PAT increase on a sequential basis. Despite higher expenses, its key segments, including catering and tourism, saw positive growth. The company also declared a Rs 3 interim dividend. Analysts suggest a 12% upside in its target price, with a Hold recommendation.

An uptrend signal is generated when the RSI value crosses above 50 from below.

Hindustan Aeronautics Limited (HAL) reported an order book of Rs 1.2 lakh crore, aiming to reach Rs 2.2 lakh crore by 2030. The company is investing Rs 2,500 crore annually in R&D and expanding its production capacity. HAL is actively pursuing major contracts, ramping up aircraft production, and exploring export opportunities. Analysts have a Buy recommendation.

Over 1,000 stocks on Dalal Street have dropped at least 30% from their 52-week peaks, signaling a potential bear market. Key factors include FII outflows, tariffs, slowing growth, and high valuations. Experts advise reviewing portfolios, diversifying assets, and focusing on strong growth companies as some mutual funds begin deploying cash amid the downturn.

The shares of Ircon International dropped by 8.8% due to a significant 65% fall in net profit for Q3 2024. Revenue also declined by 11% YoY, with the total order book standing at Rs 21,939 crore. An interim dividend of Rs 1.65 per share has been approved.