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Bloomberg Quint

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Image Credit: Bloomberg Quint

Six Stocks In News At Noon: Trent, Siemens, Tata Steel, Among Others

  • Indian stock market crashed on Monday, with Nifty 50 falling over 5% to 21,743.65 and Sensex dropping 5.23% to trade at 71,425.
  • Trent Ltd. revised the lower circuit limit and fell almost 18% after bearish commentary from analysts regarding weaker than expected sales growth.
  • Siemens Ltd. saw a surge in shares and was locked in a 20% upper circuit after the spin-off of its energy business into Siemens Energy India Ltd.
  • Tata Steel hit a lower circuit of 10% following a block deal, while Tata Motors' shares plummeted nearly 10% due to Jaguar Land Rover pausing exports to the US.
  • Delhivery Ltd. rose over 2% after announcing its acquisition of rival firm Ecom Express Ltd., while IndusInd Bank's share price declined with a 5.2% sequential decline in net advances.

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