{"id":27148,"date":"2023-10-16T17:47:29","date_gmt":"2023-10-16T12:17:29","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=27148"},"modified":"2026-01-22T15:56:48","modified_gmt":"2026-01-22T10:26:48","slug":"nse-nifty-top-losers-stocks-today-16th-october-2023-divis-laboratories-ltd","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/nse-nifty-top-losers-stocks-today-16th-october-2023-divis-laboratories-ltd\/","title":{"rendered":"Nifty Closing: NSE Top Losers Today – 16th Oct, 2023"},"content":{"rendered":"
<\/div>\n

The NSE<\/a> Nifty 50<\/a> ended in the day in the red, down 0.10% to close at 19,731.75. The Nifty<\/a> 100 and the Nifty 200 declined marginally, while Midcap and Smallcap stocks<\/a> enjoyed gains.\u00a0<\/p>\n\n\n\n

The Bank Nifty index closed the day at 44,225.90, down 0.14% or 62.05 points. Healthcare, Realty, FMCG, Media, and Pharma closed today in the red, while Auto, PSU Bank, and Metal closed higher.<\/p>\n\n\n\n

NSE Top Losers Today<\/mark><\/h2>\n\n\n\n
Stocks<\/td>Previous Day\u2019s Closing Price<\/td>Last Traded Price<\/td>Change (%)<\/td><\/tr>
DIVI’S LABORATORIES LIMITED<\/td>3735.35<\/td>3650<\/td>-2.28<\/td><\/tr>
NESTLE INDIA LIMITED<\/td>23554.35<\/td>23129<\/td>-1.81<\/td><\/tr>
TATA CONSULTANCY SERVICES LIMITED<\/td>3570.85<\/td>3521<\/td>-1.4<\/td><\/tr>
INDUSIND BANK LIMITED<\/td>1463.7<\/td>1446.05<\/td>-1.21<\/td><\/tr>
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED<\/td>813.75<\/td>804<\/td>-1.2<\/td><\/tr><\/tbody><\/table>
Source: NSE<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

    \n
  1. Divi\u2019s Laboratories Ltd.:<\/strong>\u00a0Divi\u2019s laboratories feature on our list of NSE top losers today for the second time this month. A drop in quarterly net profit, a decreasing profit margin (YoY), and a decline in quarterly revenue contributed to the company losing 2.28%<\/mark><\/strong> of its stock price<\/a> value.<\/li>\n\n\n\n
  2. Nestle India Ltd:<\/strong> Nestle features on our list of Nifty top losers today for the third time this month. Inefficient use of shareholder funds, a fall in net profit, and a declining profit margin (QoQ) resulted in the company losing 1.81% <\/strong><\/mark>of its share price value.<\/li>\n\n\n\n
  3. Tata Consultancy Services Ltd.:<\/strong> TCS features on our list of NSE top losers today for the fourth time this month. The inability to generate net cash and high promoter stock pledges has led the company to lose 1.4% <\/strong><\/mark>of its stock price<\/a> value.<\/li>\n\n\n\n
  4. Indusind Bank Ltd.:<\/strong> Indusind Bank features on our list of Nifty top losers today, for the third time this month. A decrease in MF shareholding in the last quarter, a drop in cash flow from operations, and high promoter stock pledges have resulted in the company losing 1.21%<\/strong><\/mark> of its share price value.<\/li>\n\n\n\n
  5. Adani Ports:<\/strong> Adani Ports features on our list of NSE top losers today for the second time this month. Inefficient use of capital and assets to generate profits, inefficient use of shareholder funds, a decline in net cash flow, and high promoter stock pledges led to the company losing 1.2% <\/strong><\/mark>of its stock price value.<\/li>\n<\/ol>\n\n\n\n
    \n

    Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services<\/a>, said, \u201cHolding cash would be a good strategy in this uncertain time. The cash component in the portfolio may be increased as a measure of caution. Also, this will enable investors to buy when there is a big dip in the market, and it is important to note that big dips can happen since valuations are high. Paints, tyres, and aviation stocks will be under pressure from the rising crude. HDFC Bank Ltd. results today will be keenly watched by the market.\u201d<\/p>\n<\/blockquote>\n\n\n\n

    <\/p>\n\n\n\n

    *Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI<\/a>, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The NSE Nifty 50 ended in the day in the red, down 0.10% to close at 19,731.75. The Nifty 100 and the Nifty 200 declined marginally, while Midcap and Smallcap stocks enjoyed gains.\u00a0<\/p>\n","protected":false},"author":5,"featured_media":27149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-27148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/27148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=27148"}],"version-history":[{"count":2,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/27148\/revisions"}],"predecessor-version":[{"id":65218,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/27148\/revisions\/65218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/27149"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=27148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=27148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=27148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}