Archive · 24 Jul 2025
Market Movers: IEX Plunges, Coforge and Nestle Decline
Several companies experienced significant stock movement.
IEX shares dropped sharply due to a regulatory decision.
Coforge and Persistent Systems saw declines because their earnings fell below expectations and demand is uncertain.
Nestle India's profits decreased, affecting its share price.
Reliance Power's shares went down amid ED searches, though the company stated it wouldn't impact operations.
IPCA Labs saw gains, while others faced losses in a volatile market.
IEX shares plummeted over 28% after the CERC approved market coupling.
Coforge shares fell 8% due to earnings performance slipping below expectations.
Persistent Systems shares dropped over 8% due to uncertain demand and delayed salary hikes.
Nestle India's share price decreased after Q1FY26 profit slipped by over 13%.
Reliance Power shares declined over 5% following ED searches related to alleged fraud.
- Who
- IEX, Coforge, Persistent Systems, Nestle India, Reliance Power, and IPCA Labs.
- What
- Significant stock movements, with some companies experiencing gains and others losses.
- When
- Today
- Where
- Various stock markets.
- Why
- Various factors including regulatory decisions, earnings performance, uncertain demand environments, and investigations.
Investors
Company
Persistent Systems Performance
Investors
Investors expressed concern over an uncertain demand environment and delayed salary hikes.
Company
Persistent Systems states it had a sharp jump in profit.
- IEX Share Drop
- Over 28%
- Coforge Share Drop
- 8%
- Persistent Systems Share Drop
- Over 8%
- Nestle India Profit Drop
- Over 13%
- Reliance Power Share Drop
- Over 5%
- IPCA Labs Share Increase
- 4%