12:30 PM IST – Indian equity markets witnessed significant volatility in today’s session, with several mid-cap stocks plunging sharply by noon. Among the major losers were Quess Corp, Cochin Shipyard, and Repro India, each falling over 6% amid heavy volumes and investor caution.
Quess Corp Declines More Than 8% Following Fourth Quarter Results
Shares of Quess Corp Ltd declined 8.09% to ₹343.05 as of 12:00 PM, compared to the previous close of ₹373.25. The company reported its Q4 results and released its investor presentation and press release late last night. Despite releasing financials and corporate updates, the stock witnessed sharp selling, touching an intraday low of ₹330.40. The traded volume stood at 8.84 lakh shares, with a traded value of ₹29.96 crore.
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The stock remains significantly below its 52-week high of ₹875.00 and is now hovering near its recent low levels, raising concerns about continued downside pressure.
Cochin Shipyard Falls 6.6% Amid Profit Booking
Shares of Cochin Shipyard Ltd dropped 6.62% to ₹1,851, as investors booked profits after a strong run-up in recent months. The stock had opened higher at ₹1,999 and even touched ₹2,042 before sliding to an intraday low of ₹1,840.10.
The fall comes a day after the company held a board meeting and released announcements, potentially influencing market sentiment. The traded volume was high at 93.13 lakh shares, indicating strong activity, with a total traded value of ₹1,746 crore.
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Despite the decline, the stock still trades well above its 52-week low of ₹1,180.20.
Repro India stock dropped over 6% following auditor announcements
Repro India Ltd saw its stock price decline by 6.32% to ₹537.00. The fall followed corporate announcements about multiple auditor appointments, including statutory, internal, and secretarial auditors. The market may be reacting cautiously to these governance updates.
The intraday low was ₹527, and the stock is down significantly from its 52-week high of ₹788.20. The stock saw light volumes of 0.42 lakh shares, but a high deliverable percentage of over 55% suggests long-term investors were also exiting.
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