Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Swiggy moved lower in a quarterly results development.
· Economic Times Markets, ET Stocks
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter.
The analysis
Against that, the stock is -5.5% on the day at ₹211.40, and has returned -19.9% over three months. It sits 50% below its 52-week high, which means a good deal of bad news was already in the price. The hotels & restaurants sector has moved +0.4% over the same period, so Swiggy is running 20.3 points behind its peers.
With Swiggy, Infosys and Hindustan Petroleum all implicated, this reads as a Hotels & Restaurants-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- It touches several names at once (SWIGGY, INFY, HINDPETRO, ADANIPOWER), which points to a sector-level rather than company-specific driver.
- Sector exposure: Hotels & Restaurants, IT, Oil & Energy.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Top stocks to watch today: Swiggy, Adani Green, Eternal, GMDC, BEL shares in focus on Thurs, 22 Oct | Full list
Q2 Results Live: Swiggy, Havells, Colgate, Adani Total Gas, Nippon Life AMC, J&K Bank In Focus
Swiggy Q2 Results: Net Loss Narrows But Misses Estimates, Revenue Rises 36%
HPCL Q2 profit falls 9% to ₹3,483 cr on higher costs, tax expenses
HPCL reports 6% decline in profit for Q2 amidst rising fuel prices