The shares of some consumer facing stocks dropped on September 9 as investors resorted to profit booking after strong rally following GST reforms announcement.
The Nifty Consumer Durables index fell 0.12 percent to end the session at 39,639.30, standing in the red for the third consecutive session.
Trent shares dropped around 2 percent to close at Rs 5,223 apiece, extending losses for the third consecutive session. This comes after the stock recorded strong gains on expectations of rising demand following GST reforms. The stock's P/E ratio currently stands at around 123.68.
Trent shares have fallen more than 5 percent in the past five days, but gained nearly 9 percent in the past six months. The stock has fallen over 26 percent in 2025 so far.
Kalyan Jewellers shares fell nearly 1 percent to close at Rs 501.50 apiece. After recording strong gains, the stock tumbled. The rising gold prices also raised concerns over falling demand as investors delay their plans to buy gold amid escalating prices.
Kalyan Jewellers shares currently have a P/E ratio of more than 65.
Eternal (formerly known as Zomato) shares dropped 1.2 percent to close at Rs 325.70 apiece. The stock has now snapped a six-session gaining streak. Nomura has also reiterated a 'Buy' rating on Eternal and raised its price target to Rs 370 per share from Rs 300 earlier. This implies an upside potential of more than 12 percent from the stock's previous closing price.
Eternal shares gained nearly 5 percent in the past one month, and over 54 percent in the past six months. The shares of the company hit an all time high of Rs 334.40 on September 5.
Swiggy shares meanwhile dropped 1.4 percent to close at Rs 436.90 apiece. The sharp rise came after Nomura initiated coverage on Swiggy with a 'Buy' rating and a price target of Rs 550 per share. This implies an upside potential of more than 24 percent over the previous closing price.
Swiggy shares have jumped 12 percent in September so far. The stock rose more than 2 percent in the past five days, and nearly 9 percent in the past one month. The shares of the food delivery giant dropped nearly 20 percent in 2025 so far.
Also read: Our LIVE blog on stock market updates
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