BEL is a constituent of the benchmark Nifty 50 index. The sharp decline in the stock also weighed on other defence stocks.
Nifty Bank index has crossed the ley psychological mark of 60,000 after six sessions, and is now on track to record its third consecutive day of gains.
The Nifty IT index, which had risen 1.2 percent over the previous two sessions, gave up those gains and fell 1.5 percent in trade.
Nirmal Bang Equities gave a 'hold' rating on the ITC stock and slashed price target to Rs 335 from Rs 495 and expects 5% YoY rise in quarterly profit.
The three companies had released their results for the October-December quarter of the ongoing financial year 2026 earlier yesterday.
Maruti Suzuki share extended its losing streak to a seventh consecutive session and has declined about 11 percent so far.
Hindustan Copper shares have now rallied a whopping 314% in just nine months since April this year.
Silver has delivered an exceptional rally of over 200% in the past 12 months, sharply outperforming gold’s 80% rise during the same period.
L&T share price: Brokerages highlighted the firm's strong order book, despite Q3 results missing estimates on some fronts.
Rail Vikas Nigam share price | RVNL-GPT joint venture emerged as the lowest bidder (L1) from Northern Railway.
Stocks to Watch, 29 Jan: Stocks like Larsen & Toubro, Lodha Developers, NSDL, LT Foods, eClerx Services, SBI Cards and Payment Services, GPT Infraprojects, Star Health and Allied Insurance Company, GE Vernova T&D India, Balkrishna Industries, Ask Automotive, Sagility, Phoenix Mills, and Symphony will be in focus on January 29.
Point Break Capital exited Tamil Nadu Newsprint and Papers by selling entire shareholding of 12 lakh shares (1.73 percent stake) at Rs 133 per share for Rs 15.96 crore.
BEL, which is also a constituent of the Nifty 50 index, saw heavy buying interest, triggering a rub-off effect across other defence shares.
The stock advanced 10 percent to hit the upper circuit at Rs 38.97 per share on the NSE.
Hindustan Copper share price: The stock rallied 154% in the past six months, amid a sharp surge in copper prices.
Mahindra Logistics shares gain as firm turns profitable since the quarter ended December 2022 on improving margins.
Shadowfax share price: The discounted listing suggests valuation concerns, and the stock may remain volatile or range-bound in the near term as markets focus on profitability, cash flows and execution, an analyst said.
Q3 Results: Around 127 companies are announcing their results for the October-December quarter of the ongoing financial year 2026 today.
Oil prices are rising amid supply concerns after a severe winter storm disrupted US crude output and exports. Additionally, rising tensions in the Middle East are also supporting prices.
Silver futures with March expiry jumped nearly 6.5 percent to hit a fresh lifetime high of Rs 3,79,400 per kilogram on Wednesday.
Asian Paints share price: The shares of the paint-maker dropped to the lowest level since October last year.
Shadowfax share price: The weak market debut comes despite the IPO of Shadowfax Technologies closing with 1.68 times subscription during its three days of public bidding between January 20 and January 22.
Caplin Point Laboratories Share Price | The company's subsidiary received final approval for for Methylprednisolone Acetate injection from the USFDA.
Rail Vikas Nigam Share Price | The board meeting on February 5, 2026, to consider and approve the unaudited standalone and consolidated financial results of the company.