Market wrap: Dr Reddys, JSW Steel, Shriram Finance, Tata Consumer top gainers and losers on Nifty and Sensex on Monday
JSW Steel flagged a risk.
· ET Stocks, Economic Times Markets
Indian equity markets snapped a four-day losing streak as Sensex and Nifty rebounded, supported by broad-based buying. Dr Reddy’s and JSW Steel led gainers, while rising India VIX signalled continued volatility and technical concerns about downside risks.
The analysis
Against that, the stock is +6.3% on the day at ₹1,260.00, and has returned +1.6% over three months. It sits 6% below its 52-week high. The metals & mining sector has moved -7.7% over the same period, so JSW Steel is running 9.2 points ahead of its peers.
For JSW Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The 4 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 4 are higher: Dr Reddy leads at +6.6% and Shriram Finance trails at -4.6%.
- Over three months: JSW Steel +1.6% against Metals & Mining -7.7% (9.2 points ahead); Shriram Finance -17.9% against Financial Services -13.2% (4.7 points behind); Tata Consumer -13.9% against FMCG -10.0% (3.9 points behind); Dr Reddy +13.8% against Pharma & Healthcare -3.1% (16.9 points ahead).
- At least 25% below the 52-week high: Shriram Finance (28%) and Tata Consumer (26%).
- Trading well above normal today: Shriram Finance at 2.2 times its 20-day average volume and Dr Reddy at 3.9 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| JSW SteelJSWSTEEL · Metals & Mining | ₹1,260.00 | +6.3% | -1.3% | +1.6% | -6.0% | 1.6× | — |
| Shriram FinanceSHRIRAMFIN · Financial Services | ₹825.00 | -4.6% | -17.0% | -17.9% | -27.7% | 2.2× | — |
| Tata ConsumerTATACONSUM · FMCG | ₹936.50 | -2.8% | -4.8% | -13.9% | -26.3% | 1.6× | — |
| Dr ReddyDRREDDY · Pharma & Healthcare | ₹1,310.90 | +6.6% | +9.2% | +13.8% | -4.7% | 3.9× | — |
Metals & Mining
1M -10.7% · 3M -7.7%
JSW Steel
Financial Services
1M -11.5% · 3M -13.2%
Shriram Finance
FMCG
1M -8.0% · 3M -10.0%
Tata Consumer
Pharma & Healthcare
1M -8.3% · 3M -3.1%
Dr Reddy
Prices as of 26 Oct 2026, 16:53 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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