Top Losers Today 03-Nov-2026: KEC Slides 9.30% After Q2

KEC International Ltd fell 9.30% to Rs. 316.40 after its Q2 FY27 results showed Rs. 30 crore consolidated PAT, making it the sharpest listed small-cap loser as Nifty 50 rose 1.58% to 23,810.85 and Sensex gained 1.62% to 76,917.85. FMCG and financial heavyweights led the broader rally, while PSU-linked stocks lagged.

Which large-cap stocks were the top losers today?

The large-cap loser list was led by GE Vernova T&D India, followed by Hitachi Energy India, Power Grid, Punjab National Bank and State Bank of India.

GE Vernova T&D India Ltd (-3.15%)

GE Vernova T&D India fell 3.15% to Rs. 4,044.00, with no company-specific announcement disclosed in the supplied news. The stock remained below its Rs. 5,650.00 52-week high, indicating that the session extended a correction in the electrical transmission-equipment counter rather than reacting to a reported corporate event. Volume was 7.00 lakh shares.

Hitachi Energy India Ltd (-2.37%)

Hitachi Energy India declined 2.37% to Rs. 27,380.00 without a disclosed earnings, order, or regulatory trigger in the provided material. The close was still substantially below its Rs. 38,800.00 52-week high, pointing to continued technical weakness in the absence of fresh company news. Trading volume stood at 91.91 thousand shares.

Power Grid Corporation of India Ltd (-2.27%)

Power Grid fell 2.27% to Rs. 259.90 as the CPSE segment lagged the market, with the Nifty CPSE index reported down 0.73%. Investors reduced exposure to select state-owned power stocks despite the broader index rally, and Power Grid was among the major Nifty losers. The stock traded 1.12 crore shares.

Punjab National Bank (-2.27%)

Punjab National Bank dropped 2.27% to Rs. 120.35 amid profit-taking in PSU banks, a sector that underperformed during the session. The supplied market context identified the Nifty PSU Bank index as down 0.91%, creating a sector-specific headwind for the lender. Volume reached 1.97 crore shares.

State Bank of India (-1.77%)

State Bank of India lost 1.77% to Rs. 969.55 as PSU-bank selling continued, with the market context specifically identifying the lender as a major large-cap decliner. The fall came ahead of its earnings, which were flagged in the market coverage as a key result event for the day. A total of 2.94 crore shares changed hands.

Which mid-cap stocks were the top losers today?

Sterlite Technologies, Siemens Energy India, Biocon, National Aluminium Company and Hindustan Copper were the five mid-cap stocks with the largest declines in the supplied list.

Sterlite Technologies Ltd (-3.48%)

Sterlite Technologies fell 3.48% to Rs. 758.90, with no fresh company-specific news disclosed in the input. The stock's close remained below its Rs. 1,054.45 52-week high, leaving technical correction as the available explanation for the move. Volume was 28.95 lakh shares.

Siemens Energy India Ltd (-3.28%)

Siemens Energy India declined 3.28% to Rs. 2,835.00 without a reported order, earnings release, or corporate announcement in the supplied data. The close was below its Rs. 3,966.80 52-week high, signalling continuing weakness in the counter despite the broader large-cap-led rally. It traded 5.02 lakh shares.

Biocon Ltd (-2.97%)

Biocon lost 2.97% to Rs. 343.35 in the absence of a disclosed company-specific catalyst. The stock traded 38.54 lakh shares and closed closer to its Rs. 318.50 52-week low than its Rs. 447.00 high, underscoring the prevailing technical pressure.

National Aluminium Company Ltd (-2.96%)

National Aluminium Company fell 2.96% to Rs. 317.90, with the provided information containing no corporate development that would explain a fundamental repricing. Its 90.27 lakh-share volume accompanied a decline that left the stock below its Rs. 445.10 52-week high, consistent with a correction in the state-owned metal counter.

Hindustan Copper Ltd (-2.51%)

Hindustan Copper declined 2.51% to Rs. 400.45 without a reported company announcement in the supplied news. The stock remained well below its Rs. 759.20 52-week high, while 39.43 lakh shares traded, indicating continued technical pressure rather than a disclosed new catalyst.

Which small-cap stocks were the top losers today?

Aelea Commodities, Linc, Deep Industries, Sudarshan Pharma Industries and KEC International were the five largest small-cap losers, with losses ranging from 9.30% to 11.43%.

Aelea Commodities Ltd (-11.43%)

Aelea Commodities plunged 11.43% to Rs. 124.00 after approving a land acquisition, 60 MT capacity addition, 30 MT Cardonal Processing unit and staff housing requiring an estimated Rs. 114 crore investment over 30 months. Although the expansion plan adds capacity, investors appeared to focus on the scale and execution requirements of the capex programme, following the company's approval of half-year results and business expansion plans. The stock traded 1.44 lakh shares and closed below its 50-day and 200-day moving averages cited in the supplied context.

Linc Ltd (-10.29%)

Linc fell 10.29% to Rs. 86.66 without a company announcement in the supplied database news. The stock had already been in a weaker longer-term trend, with the supplied context showing it was below its Rs. 129.85 52-week high and had fallen over the past year, leaving technical selling as the disclosed explanation. Volume was 33.64 thousand shares.

Deep Industries Ltd (-9.77%)

Deep Industries dropped 9.77% to Rs. 610.00 despite reporting 35.2% year-on-year growth in consolidated H1 FY27 total income to Rs. 615.62 crore and a 28.2% rise in PAT to Rs. 170.37 crore. The decline indicates that investors did not reward the reported half-year growth in the session, while the company also announced the appointment of Nishtha Patel as company secretary and compliance officer. Trading volume was 14.60 lakh shares.

Sudarshan Pharma Industries Ltd (-9.50%)

Sudarshan Pharma Industries fell 9.50% to Rs. 32.02, with no fresh corporate announcement supplied to explain the sell-off. The stock touched its Rs. 31.65 lower circuit during the session according to the provided market context, making technical pressure and lower-circuit activity the identifiable driver. Volume totalled 3.85 lakh shares.

KEC International Ltd (-9.30%)

KEC International slid 9.30% to Rs. 316.40 after reporting Q2 FY27 consolidated revenue of Rs. 5,468 crore and PAT of Rs. 30 crore. Investors marked down the infrastructure EPC stock despite a record Rs. 39,946 crore order book, indicating that the reported quarterly profitability and leverage-related disclosures in its investor presentation were the immediate focus. The stock traded 1.68 crore shares and closed close to its Rs. 311.00 52-week low.

How did the Indian stock market perform today?

Nifty 50 closed 370 points, or 1.58%, higher at 23,810.85, while the BSE Sensex rose 1,225.07 points, or 1.62%, to 76,917.85. The benchmarks extended their winning streak to four sessions, led by heavyweight financial and consumer stocks including HDFC Bank, ICICI Bank, Nestle India, Tata Consumer Products, Asian Paints and Bharti Airtel.

Market breadth favoured advances: 2,127 of 3,713 stocks traded on the NSE advanced, while 1,477 declined and 109 were unchanged. The BSE500 breadth was also positive, with 297 advances against 199 declines. FMCG was the leading sector, while CPSE and PSU-bank stocks were weak; the Nifty PSU Bank index fell 0.91% and the Nifty CPSE index lost 0.73%.

Foreign institutional investors were reported as net buyers of Rs. 3,352 crore. Cooling crude oil prices and supportive global cues aided the benchmark rally, while the market headed into a busy earnings calendar that includes results from Cummins India, Apollo Hospitals and Power Finance Corporation on 4 November.

Where can readers explore more market movers?

Readers can explore the complete list of market movers here:

https://www.multibagg.ai/market-movers/top-gainers

Conclusion

The day's loser list showed sharp divergence beneath a strong index rally. PSU banks and CPSE-linked names faced sectoral profit-taking, while KEC International's result-led fall and the declines in Aelea Commodities and Deep Industries showed that investors remained selective even after reported corporate developments.

Investors will watch the next set of corporate results, particularly those scheduled for 4 November, alongside crude oil movements and whether Nifty 50 holds above the 23,550 level identified in the market context. For KEC, the next focus is whether its record Rs. 39,946 crore order book converts into stronger profitability after the Rs. 30 crore Q2 PAT.