The shares of PSU company KIOCL crashed 10 percent to hit the lower circuit on October 7 after a record 51 percent rally over the past three sessions. Tata Investment Corporation and Orient Tech shares also dropped in trade.
The sharp fall in the share prices comes as investors may have resorted to profit booking at elevated levels.
KIOCL share price:
KIOCL shares plunged 10 percent to hit the lower circuit at Rs 564.85 apiece on Tuesday, snapping a three-session gaining streak. The stock rallied more than 51 percent in these three sessions to hit a 52-week high of Rs 634.55 apiece yesterday (October 6).
The stock, whose market capitalization stands at Rs 34,429 crore, has a free float market cap of Rs 330 crore. This means that only 1 percent of the company's total number of shares are available for active trade, while the rest is held by promoters and others.
KIOCL shares have gained more than 19 percent in the past one month, and over 155 percent in the past six months. The smallcap stock is up nearly 38 percent in 2025 so far.
Tata Investment Corporation share price:
Tata Investment Corporation shares dropped around 5.5 percent to trade at Rs 9,402 apiece, extending losses for the third consecutive session. This comes after the stock rallied nearly 78 percent in less than one month to hit a 52-week high of Rs 11,847 apiece on October 3. The rally was fuelled by investor interest around Tata Capital IPO.
The stock which currently has a P/E ratio of more than 234, currently sees heavy trading volumes. It is now down 21 percent from its 52-week high which was hit last week. However, the stock is up nearly 83 percent from its 52-week low of Rs 5,145.15 apiece, which it had hit in February this year.
Orient Tech share price:
Orient Tech shares plunged more than 8 percent to trade at Rs 463 apiece, snapping a six session gaining streak. The shares of the company have gained nearly 33 percent in the past five days, and around 46 percent in the past one month.
The stock, which has a P/E ratio of more than 41, is currently down more than 31 percent from the 52-week high of Rs 674.85 apiece, which it had hit in January this year. It is still up over 87 percent from the 52-week low of Rs 247.05 apiece hit in October last year.
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