Six Stocks In The News At Noon: 360 One Wam, Suzlon, CG Power, And More

Stocks across multiple sectors were witnessing sharp movements in Tuesday’s trading session. Notably, shares of companies like 360 One Wam, Suzlon, CG Power, and others have been affected by various internal and external factors, including IT searches, earnings announcements, and market sentiment. Here's a look at the stocks making headlines at noon.

Shares of 360 One Wam Ltd. experienced a significant drop, falling nearly 12.22% on Tuesday. The sharp decline followed reports of income tax searches at IIFL Group offices in Mumbai's Lower Parel, including offices of 360 One Wam and IIFL Finance Ltd. The IT searches, which have been ongoing since the morning, have led to concerns about potential regulatory scrutiny.

CG Power & Industrial Solutions witnessed a dramatic 13.05% decline in its share price today. The stock, which opened at Rs 599.00, fell to a low of Rs 517.75 in early trading ahead of its earnings report. The sharp drop in stock value reflects investor caution ahead of earnings report.

Shares of Anant Raj Ltd. were under pressure, experiencing a steep drop of 20% today, after a decline of 18% on Monday. Despite being a favorite among data center-focused investors in recent months, the stock has seen a sharp reversal.

The stock had previously surged by 188% in FY25, fueled by expectations of Anant Raj's early-mover advantage in the emerging data center market. The recent pullback in shares coincides with the launch of DeepSeek R1, a cost-effective AI model from China that has been attracting global attention.

Hindustan Aeronautics Ltd. saw its share price fall by more than 5% on Tuesday, marking its worst performance among peers. The stock is now trading at its lowest level since May 7, according to Bloomberg data. The decline comes amid market volatility and concerns about the future trajectory of defence stocks ahead of Union Budget.

Shares of Kaynes Technology India Ltd. dropped 20% to a five-month low after the company’s results for the December quarter missed consensus estimates across the board.

The company reported a 29.8% year-on-year revenue growth to Rs 661 crore, which was below the Bloomberg consensus estimate of Rs 796.6 crore. While the net profit grew by 47.2% year-on-year to Rs 66 crore, it still fell short of the expected Rs 88 crore, leading to investor disappointment.

Suzlon Energy Ltd. faced a notable decline in its share price, falling to a seven-month low at 4.82%. The company is scheduled to release its earnings report for the third quarter later today, and investors are watching closely for updates. Analysts are expecting Suzlon to report a consolidated net profit of Rs 350 crore for the October-December period of FY25. However, with the stock down to Rs 47.81 apiece, this marks its lowest level since June 11, 2024.