The Nifty 50 closed marginally lower at 23,618 on Tuesday, with broader markets outperforming, while GIFT Nifty hints at a weak start for Wednesday trading. According to Economic Times, analysts anticipate a sideways to under pressure market in the near term due to persistent weakness in the Indian rupee and elevated crude oil prices, despite Foreign Institutional Investors turning net buyers. Share prices of Apollo Tyres, Kaynes Technology India (Kaynes), Tata Capital, United Breweries (UBL) and Jyoti CNC Automation hit their respective 52-week lows on the BSE in Wednesday's intra-day trade, as reported by Business Standard.
The stock has corrected 61 per cent from its 52-week high of ₹7,705 touched on October 7, 2025. As reported by Business Standard, near-term top line performance did not fully meet market expectations, primarily due to geopolitical disruption, especially the West Asia conflict, which led to last-minute customer deferment, supply chain delays and product timing shift. Kaynes management noted that since revenues are closely linked to customer project readiness and approval cycles, some revenue recognition has shifted despite orders remaining valid and executable. The company has not seen structural deterioration in demand, order book quality or customer relevance.
Tata Capital slipped 2 per cent to ₹297.85, its lowest level since listing on October 13, 2025. According to Business Standard, currently the stock of Tata Group non banking financial company (NBFC) is trading 9 per cent below its issue price of ₹326 per share. It had hit a 52-week high of ₹367.65 on January 20, 2026. The stock has fallen below its previous low of ₹300.30 touched on April 2, 2026. Analysts at Systematix Shares and Stocks (India) expect operating leverage, NIM expansion, and lower credit costs to drive gradual improvement in ROAs, retaining a 'BUY' rating with a target price of ₹400.
Apollo Tyres dipped 2 per cent to ₹365.35 on the BSE in intra-day trade. As reported by Business Standard, in the past one month, the stock price of tyre company has slipped 17 per cent, as compared to 4.2 per cent decline in the BSE Sensex. In the Q4 earnings conference call, Apollo Tyres management said growth across all product categories has been encouraging, placing the company firmly in line with and in some segments ahead of the market performance. However, after witnessing recovery in H2FY26 with double-digit volume growth, the company now faces near-term headwinds from sharp rise in raw material costs, which is likely to pressure margins and moderate demand momentum going ahead.
According to Business Standard, Equirus Securities cut FY27E/FY28E EPS by 30 per cent/22 per cent factoring current challenges. The brokerage firm maintains an 'ADD' with a March 2027 target price of ₹444 based on 15x Mar'28E EPS. For Tata Capital, analysts expect operating leverage, NIM expansion, and lower credit costs to drive gradual improvement in ROAs, with the current environment resembling the FY17–FY19 cycle where high capex and raw material inflation led to margin compression and weak free cash flows.
