Mon, Feb 12, 2024 5:42 PM
Gainers and Losers: 10 stocks that moved the most on February 12
A Flip by Avya Verma
Ola Electric‘s share price continued to sink on Friday morning. The stock slumped around 3% to hit an intraday low of ₹85.02. Shares of the electric vehicle (EV) major have remained under pressure over the past few weeks. In just the last 30 days, the stock has sunk around 27%. The slump in the stock has been attributed to the declining sales of the company and service-related issues.
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LTIMindtree shares declined more than 5% on October 18, a day after the IT services firm reported its earnings for the July to September 2024 period, which were largely in line with CNBC-TV18 poll estimates. Despite acknowledging strong deal wins, brokerage firms are divided on the Mumbai-based IT services provider.
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Shares of United Spirits were off to a weak start on the bourses on October 18 after it fell over 1% to Rs 1,507 after Macquarie maintained its 'underperform' recommendation on the counter citing stiff competition may likely hamper growth prospects. With a price target of Rs 1,100, the international brokerage forecasts a downside potential of 28% from the last closing price of Rs 1,528.
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