On May 6, 2025, the Indian stock market saw a broad-based selloff across several sectors, with financials, mid-cap technology, and specialty manufacturing taking the brunt of investor caution. The Nifty 50 and broader indices edged lower amid weak global cues, risk-off sentiment, and profit booking in recent outperformers. Institutional flows showed renewed foreign investor selling as global risk appetite contracted ahead of key U.S. Federal Reserve commentary, while domestic investors appeared more selective following volatile earnings. Against this backdrop, a range of 20 stocks posted double-digit or near double-digit declines, reflecting both macroeconomic stressors and company-specific catalysts.
Why Did Century Enka Stock Fall Over 16%?
Century Enka Limited led the decliners with a steep 16.7% fall, closing at ₹438.00 from a previous close of ₹525.80. The stock opened lower and hit an intraday low of ₹434.00 before stabilizing marginally. Despite announcing a final dividend of ₹10 per share for FY2025, investor reaction remained negative due to weaker-than-expected earnings, with profit after tax shrinking to ₹6.9 crore. Analysts believe the polyester filament yarn producer faces margin compression and demand-side pressures, particularly from cheaper imports and high crude-linked input costs. Sentiment was further dampened by limited forward visibility and tepid capacity utilization figures.
What Triggered Bank of Baroda’s Nearly 11% Drop?
Public sector banking giant Bank of Baroda witnessed a sharp 10.91% decline, closing at ₹221.95. This followed disappointing Q4 FY2025 earnings, where net interest income declined 6.6% year-over-year to ₹11,020 crore, impacted by rising deposit costs and muted credit growth. Domestic net interest margin fell sequentially to 3.02% from 3.45%, prompting investors to re-evaluate valuation multiples. Analysts flagged concerns over elevated slippages and higher provisioning, with fresh slippages rising from ₹5,000 crore to ₹6,700 crore quarter-over-quarter. FIIs were seen as net sellers in the counter, possibly due to a shift toward higher-growth private sector lenders.
Why Did Vineet Laboratories Shares Lose Over 10%?
Shares of Vineet Laboratories dropped 10.74% to ₹28.00 amid low trading volumes. The specialty chemicals player reported a net loss of ₹5.71 crore in its latest quarterly results, reversing the prior year’s profit of ₹1.17 crore. This negative swing has been attributed to weak operating leverage, pricing pressures in APIs, and elevated raw material costs. Despite growth potential in pharma intermediates, the stock faces valuation headwinds due to inconsistent earnings and lack of visibility on turnaround timelines. The fall was further exacerbated by low institutional coverage and retail-led unwinding.
What Caused KSOLVES India to Hit a 10% Lower Circuit?
KSOLVES India Limited fell the full 10% limit to end at ₹373.55, despite posting 27% annual revenue growth for FY2025. The mid-cap IT services player has seen a correction from recent highs as investors booked profits amid volatility in the broader technology index. Sentiment was impacted by high valuations, concerns over order pipeline moderation, and a subdued demand outlook from small and medium U.S. clients. With limited FII participation and a largely retail base, the stock remains sensitive to any earnings downgrades or project delays.
Why Was Prime Focus Among the Worst Hit?
Prime Focus Limited, a media and entertainment post-production firm, declined 9.61% to ₹98.90. Investors appeared concerned about the company’s debt levels, sluggish turnaround in international operations, and inconsistent margins. Although the stock had rallied earlier in the year on digital VFX demand optimism, recent quarterly earnings showed muted growth. Analysts expect ongoing restructuring and debt servicing to weigh on future free cash flow, leading to a re-rating in line with sector peers.
What Drove Modern Threads (India) to a 9.5% Loss?
Modern Threads (India) Limited slumped 9.49% to close at ₹37.12. The textile manufacturer’s earnings trajectory remains volatile, with Q3 FY2025 net profit of ₹0.15 crore far below investor expectations. The sector has been under pressure due to weak global demand for synthetic yarn, high inventory levels, and reduced textile exports. Thin liquidity and low institutional interest further aggravated the price decline.
Why Did Ravi Kumar Distilleries Decline Sharply?
Ravi Kumar Distilleries Limited dropped 9.36% to ₹24.70 in a session dominated by speculative unwinding. The company, operating in the alco-bev segment, has struggled with declining margins and lack of geographical expansion. Traders cited a lack of fresh triggers and the absence of institutional support as key reasons behind the persistent weakness.
What Caused Jash Engineering’s 9.3% Slide?
Jash Engineering lost 9.30% to settle at ₹552.00 following quarterly results that revealed a 7.24% drop in consolidated net profit despite a robust 38.32% increase in sales. The pressure on margins, attributed to higher input costs and working capital stress, weighed on investor confidence. While the order book remains healthy, market participants appear concerned about execution risks and cash conversion metrics.
Why Did Expleo Solutions Stock Fall Close to 9.3%?
Expleo Solutions declined 9.25% to ₹793.90 as a ‘Sell’ sentiment emerged post-earnings. The technology and engineering services company has faced margin pressure, coupled with delays in new client onboarding. Investors seemed cautious due to recent volatility, with concerns over revenue seasonality and subpar return on equity. The stock remains under coverage watch from institutional investors.
What Prompted Jullundur Motor Agency’s 9% Drop?
Jullundur Motor Agency (Delhi) Limited dropped 8.92% to ₹93.89, with traders pointing to weak quarterly numbers and low institutional activity. The auto parts distributor has struggled to gain momentum post-pandemic, with logistics cost pressures and muted dealership performance affecting sentiment. Volumes were higher than average, indicating broad-based selling.
Why Did Avantel’s Shares Fall Despite Defense Optimism?
Avantel Limited dropped 8.77% to ₹113.00 even as the defense electronics sector remains in focus due to geopolitical tailwinds. The stock corrected after a proposed rights issue announcement, which raised concerns about equity dilution. While long-term prospects remain favorable, short-term positioning by retail traders was unwound aggressively.
What Caused Oriental Hotels to Lose Over 8%?
Oriental Hotels fell 8.71% to ₹139.20, dragged down by concerns over slowing growth in the leisure travel segment and high fixed operating costs. Despite a gradual tourism recovery, analysts flagged soft quarter-on-quarter trends in room occupancy and average daily rates. Market participants cited valuation realignment as the trigger for the fall.
Why Did Country Club Hospitality & Holidays Share Price Dip?
Country Club Hospitality & Holidays declined 8.56% to ₹14.63. The company continues to face structural challenges related to member retention, property maintenance, and weak cash flows. Analysts expect further downside unless there is a strategic revamp or asset monetisation.
Why Did Ather Energy Stock Slide on Debut Day?
Ather Energy, which recently listed on the exchanges, fell 8.54% to ₹300.00 as its debut failed to inspire confidence. While the company holds significant market share in electric two-wheelers, investors expressed concern over its high burn rate and stiff competition from incumbents and startups. Institutional allocation appeared to be limited, leading to selling pressure.
What Led to Windsor Machines’ Weak Finish?
Windsor Machines dropped 8.43% to ₹313.90. The industrial plastics machinery manufacturer reported slower-than-expected quarterly revenue growth and high receivables. Weak order inflows from key export markets added to investor concerns.
Why Did Hybrid Financial Services Drop Nearly 8.3%?
Hybrid Financial Services lost 8.25% to ₹10.45 in a largely illiquid trade. The company has limited market visibility, and traders cited speculative long positions being unwound after weeks of muted price action.
Why Did Reliance Infrastructure Decline Sharply?
Reliance Infrastructure fell 7.80% to ₹236.40, under pressure due to delays in asset monetisation plans and a heavy debt load. Market sentiment remains cautious amid lack of updates on its defence and power vertical spin-offs. The stock has seen steady selling by DIIs over recent sessions.
What Caused DCM Nouvelle’s Stock to Fall?
DCM Nouvelle fell 7.78% to ₹162.00 after investors reacted to a fall in operating margins and increased raw material costs. The company’s textiles division continues to face pressure from global cotton price volatility, impacting overall profitability.
Why Did Sonata Software End Down Nearly 8%?
Sonata Software declined 7.77% to ₹389.50, dragged by weak IT sector cues and client-side delays. While long-term fundamentals remain intact, the company’s high exposure to developed market clients has made near-term revenue visibility challenging. FIIs were net sellers on the day.
What Dragged Suraj Limited Lower?
Suraj Limited declined 7.73% to ₹353.50. The stainless steel tube manufacturer reported lower operating income, and analysts flagged order deferrals from export markets. The fall was accompanied by a volume spike, indicating possible institutional exit.
The decline in these 20 stocks reflects a combination of earnings disappointments, sector-specific corrections, and institutional realignment of portfolios. FIIs remained net sellers on May 6, with cautious positioning ahead of anticipated U.S. inflation data and global central bank commentary. Domestic mutual funds appeared more selective, with signs of rotational flows into defensive sectors such as FMCG and utilities. Analysts expect continued volatility in mid-caps and high-beta stocks as markets price in tighter liquidity conditions and earnings downgrades for the June quarter.
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