Eight stocks have corrected more than 50% from their respective 52-week highs, and three of the biggest losers in this list are Adani Group firms - Adani Green Energy, Adani Energy Solutions, and Adani Total Gas. These stocks were down 62-84% from their 52-week highs. While Adani Wilmar was down 55% from its 52-week high, Adani Power corrected more than 33%, and Adani Enterprises about 39%.
However, the firm, on Wednesday, reported a standalone net profit of Rs 232 crore for the quarter ended June 2023, down 5% from Rs 245 crore posted in the previous year period.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rose over 5% in an otherwise weak market today. IRCTC shares gained 5.14% to Rs 679.60 against the previous close of Rs 646.35 on BSE. The railway stock opened marginally lower at Rs 645.35. Total 2.43 lakh shares of the firm changed hands amounting to a turnover of Rs 16.32 crore on BSE. Market cap of IRCTC climbed to Rs 53,568 crore.