The current Indian stock market facing the loss of three major companies that are Asian Paints, NTPC Power Energy, and Tata Consultancy Services (TCS). These companies are facing a notable decline in share prices.
10LeadingCOOs 10LeadingInvestment&ComplianceLeaders Acquisition AI Appointment Asia AspiringWomenLeaders Banking BusinessNews CBO CEO CFO CHRO CIO CMO COO CorporateNews Cricket CTO EducationalLeadership EducationLeader EducationLeadersIndia EV FinanceLeadership Funding GlobalLeadership HR HRLeaders2025India IndiaPakistan IndustrialGrowth Investment leadership LeadershipChange leadingCFOsIndia sports Startup Technology TOP10 Top10EducationLeaders Top10LeadingCTOs TopEducationLeaders VP WomenEmpowerment WomeninITleadership WomenInLeadership
The leading paint manufacturers Asian Paints saw a decline in the market. This decline in share happened due to an increase in the market competition and low market demand. The company is wrestling with the prices of competitors like Berger Paints and Grasim. The competitive pricing of the rivals has severely impacted the growth of the company. In the third quarter of FY25, Asian Paints saw a decline of 42.2% in net profit. From ₹1,232 crore to ₹694.64 crore as compared to the previous year.
NTPC Green Energy hits the lowest in 52 weeks. The share price declined to 9% today. As the renewable energy sector of India undergoes changes and shifts in laws and regulations. However, NTPC reported an 18% increase every year and gained ₹65.61 crore for Q3 FY25, after tax.
TCS also faced a major setback this week, witnessing a sharp decline, of approximately losing ₹53,185 crores of market capitalization. This price in shares dropped by 2.82%. The current IT service market is struggling to maintain deal momentum. The downfall of TCS in the sector affects the investors as well.
Broader Market Implications
The decline of the share prices affects the sectors of manufacturing, renewable energy, and IT services. This sharp decline not only affects the companies individually but also the broader market trends. The several constraints in different sectors are seen as the reason for the decline. The drop in stock prices of Asian Paints is due to increased competitive pressure. Similarly, NTPC Energy stock declined due to investor uncertainty, making it harder to raise capital funds for future renewable projects.
- Garuda Aerospace Secures $1M in Series B Extension to Boost Drone Manufacturing
- Ganesh Baliga Appointed as New Managing Director & Head of Citi India
- TransBnk Appoints Nimish Kadam as Chief Strategy Officer to Drive Growth
- Adidas Korea Appoints Markus Morent as New Managing Director to Lead Standalone Market
