Six Stocks In News At Noon: Trent, Siemens, Tata Steel, Among Others

Indian stock market crashed on Monday, after US President Donald Trump's reciprocal tariffs saw countries respond with counter tariffs. The Nifty 50 fell over 5% to 21,743.65 and Sensex dropped 5.23% to trade at 71,425.

Trent Ltd., Siemens Ltd., Tata Steel Ltd., Tata Motors Ltd., Delhivery Ltd., and IndusInd Bank Ltd. were among stocks making headlines around noon.

Here's a look at why these stocks are in the spotlight.

Shares of Trent Ltd. revised the lower circuit limit to fall almost 18%, hitting a near one-year low, after initially hitting a 10% lower circuit limit at market open on Monday.

This sharp decline follows bearish commentary from analysts after the company's fourth-quarter business update and a broader market selloff. Goldman Sachs cut its target price for Trent to Rs 6,760 from Rs 7,500, citing weaker than expected sales growth. Morgan Stanley also noted that Trent's fourth-quarter top-line growth fell short of expectations.

Shares of Siemens Ltd. were locked in a 20% upper circuit on Monday, the ex-date for the spin-off of its energy business into a new entity, Siemens Energy India Ltd. Siemens India shares surged to Rs 2,940, in stark contrast to a 3.99% decline in the NSE Nifty 50.

Tata Steel hit a lower circuit of 10% following a block deal involving 5.10 million shares traded in multiple transactions. The Nifty Metal fell 8.61% to 7,690.2, with Tata Steel leading the decline. It was the worst-performing sector, reflecting the broader market crash.

Shares of Tata Motors Ltd. plummeted nearly 10% after its luxury unit, Jaguar Land Rover, decided to pause exports to the US in April due to the auto tariffs announced by President Donald Trump. This decision has significantly impacted investor sentiment.

Shares of logistics company Delhivery Ltd. rose over 2% on Monday, bucking the trend of a crashing market. The positive movement comes after the company announced its acquisition of rival firm Ecom Express Ltd. for Rs 1,407 crore, boosting investor confidence.

IndusInd Bank has been the worst-performing stock in the Nifty 50 over the past one and three months. The bank's share price has fallen 30.46% in the past month and 33.76% over the past three months.

The recent quarterly report revealed a 5.2% sequential decline in net advances to Rs 3.48 lakh crore for the quarter ended March 31, 2025. The bank also disclosed discrepancies in its derivatives account balances, further weighing on investor sentiment.