17 Aug , 2026 By : Debdeep Gupta
Stock-specific action dominated Dalal Street on August 17 as investors reacted to June-quarter earnings, order wins and other corporate developments, keeping several mid- and small-cap stocks in focus even as benchmark indices traded with a negative bias.
Saatvik Solar Industries shares slipped 7% on signing a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.
Shares of Dr Reddys Laboratories was trading lower after United States Food and Drug Administration (USFDA) issued a Form 483 containing four observations following the inspection of the manufacturing facility in Bachupally.
Kitex Garments shares fell 3?ter board has approved the raising of funds of up to Rs 3,000 crore through the issuance of equity shares, non-convertible debentures along with warrants, or any combination thereof, by way of one or more qualified institutional placements (QIPs) or through any other permitted mode.
The Voltas stock is one of the top midcap losers for the day after CLSA retained an 'underperform' rating with a target price of Rs 1,160, implying about 12 percent downside from Friday's close.
Except media and auto, all other sectoral indices are trading lower PSU Bank, FMCG, IT, Realty down 0.5-1%.
The broader market remained flat but outperformed the benchmarks, with the Nifty Midcap and Smallcap indices trade with marginal losses.
Market breadth was weak on the BSE, with 1681 shares advancing, 1848 declining and 202 remaining unchanged, indicating a largely weaker trend in the broader market.
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