While Indian equity markets surged to record highs, not every stock participated in the rally. On a day when the benchmark indices closed with solid gains — the BSE Sensex jumping 1,310.11 points (1.77%) to 75,157.26 and the NSE Nifty 50 soaring 429.40 points (1.92%) to 22,828.55 — a few prominent stocks bucked the trend and ended in the red.
Here’s a closer look at the top laggards from the Nifty 50, according to Trendlyne:
Asian Paints
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Last Traded Price: ₹2,393.00
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Percentage Change: -0.8%
Despite being a defensive play in uncertain markets, Asian Paints slipped 0.8% on the day. The stock failed to attract buying interest amid the broader rally, possibly due to concerns around input cost pressures or valuation fatigue.
Apollo Hospitals
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Last Traded Price: ₹6,798.00
- Percentage Change: -0.5%
Apollo Hospitals declined 0.5%, underperforming the healthcare space. The stock may have seen profit-booking after a recent uptrend, as investors rotated funds into more cyclical sectors like financials and metals.
Tata Consultancy Services (TCS)
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Last Traded Price: ₹3,238.00
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Percentage Change: -0.3%
TCS slipped 0.3% in an otherwise buoyant market. The IT giant continues to struggle amid global macroeconomic headwinds and concerns over growth in the technology sector.
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