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Six Stock In News At Noon: Laurus Labs, Bharat Forge, Vedanta, Among Others

The benchmark indices declined, with the Nifty 50 trading 1.06% lower at 23,003 and the Sensex down 0.81% at 75,677.63 around midday.

<div class="paragraphs"><p>Here is a look at stocks that have seen major movement so far in the day. (Photo source: NDTV Profit)</p></div>
Here is a look at stocks that have seen major movement so far in the day. (Photo source: NDTV Profit)
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The stock market continued to decline on Friday, after US President Donald Trump announced reciprocal tariffs on countries globally. The benchmark indices declined, with the Nifty 50 trading 1.06% lower at 23,003 and the Sensex down 0.81% at 75,677.63 around midday.

India has been hit with a 26% reciprocal tariff rate. The US President hinted at additional announcements of tariffs on the pharma sector on Friday.

Here is a look at stocks that have seen major movement so far in the day.

Laurus Labs

Laurus Labs Ltd. saw a sharp decline of 9.53% on Friday. The Pharma index gave up its Thursday gains amid news that the US would soon impose tariffs on the pharma sector, contrary to earlier expectations of no tariffs.

Bharat Forge

Bharat Forge Ltd. stock saw the steepest decline in the auto sector, with its stock falling 8.83%. This drop followed the imposition of a 25% tariff on auto imports by the US.

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Vedanta

Vedanta stock fell 8.20%, marking the largest decline in the metal sector. Although the US tariffs on steel and aluminum are expected to have minimal direct impact due to low export volumes to the US, there is a heightened risk of a severe US recession, which could significantly affect commodity prices.

Coforge

Coforge saw a 7.47% decline in its stock price, the most significant drop in the IT sector, following the announcement of the new tariffs.

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Vedanta, Hindalco, And Nalco's Earnings Now At Risk; Stocks Fall Over 6%

DMart

DMart's share price declined nearly 4% on Friday. This followed the company's business update for the fourth quarter of FY25 and a bearish commentary from Citi.

Avenue Supermarts, the parent company of DMart, reported standalone revenue from operations of Rs 14,462 crore for Q4 FY25. The total number of stores as of March 31 stood at 415, reflecting the company's continued expansion efforts.

Mazagon Dock

Mazagon Dock Shipbuilders Ltd.'s share price dropped 6.4%, its sharpest fall since mid-February. This decline came after the government began trimming its equity holding under an offer for sale of shares, which is taking place for non-retail investors today.

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