Mumbai, December 5, 2025 – Indian benchmarks clawed back modest gains yesterday, with the Nifty 50 rising 0.18% to 26,033.75 and Sensex advancing 0.19% to 85,265.32, halting a four-session skid on IT sector strength and rupee depreciation boosting export plays. Yet, beneath the surface, sharp declines in select pharma, power, and rights-linked names painted a picture of profit-taking and disappointments, with small-caps like Indowind Energy Rights (INDO-RE2) cratering over 20%. This divergence spotlights risks in high-valuation pockets, urging caution for momentum traders, value seekers, and sector specialists ahead of the RBI's policy verdict today.
Key Highlights from Yesterday's Top Losers
BSE and NSE data underscored pain in renewables, logistics, solar, and industrials. Here's a snapshot of the hardest-hit, with triggers decoded:
| Symbol | LTP (₹) | % Change | Volume (Shares) | Key Driver |
|---|---|---|---|---|
| INDO-RE2 | 0.69 | -20.69% | 0.37M | Rights issue volatility peaks; Indowind Energy rights shares plunge post-Q1 results, extending downtrend from 52-week high of ₹2.30. |
| DJML | 55.15 | -9.77% | 0.31M | Logistics slump deepens; hits fresh 52-week low at ₹55.91 amid sustained selling, down 9.75% prior session on weak volumes. |
| EMMVEE | 219 | -9.65% | 6.26M | Profit-booking post-earnings high; solar firm erases Q2 gains (PAT up 578% YoY to ₹238 Cr), dropping from ₹243.5 intraday peak. |
| BEDMUTHA | 100.20 | -8.07% | 0.04M | Q2 earnings shock; wires maker reports ₹0.29/share loss vs ₹3.28 profit YoY, triggering 7.13% slide on revenue contraction fears. |
| POWERINDIA | 20,100 | -8.01% | 0.35M | Power sector jitters; Hitachi Energy dips 8% despite strong Q2 (orders +13.6% YoY), amid valuation stretch and FII outflows. |
Data from BSE/NSE closes on December 4, 2025. LTP = Last Traded Price.
Why Investors Are Buzzing: Volatility Hits Rights and Earnings Plays
Indowind Energy Rights (INDO-RE2) dominated headlines with a brutal 20.69% freefall to ₹0.69, amplifying post-rights issue turbulence for the wind power arm. Trading in a narrow ₹0.55-₹2.30 52-week band, the drop follows muted Q1 results and low liquidity (94K volume), signaling weak subscription interest in the December 9, 2025, rights entitlement. For renewables watchers, it's a cautionary tale on demerger risks; speculators may eye rebound potential if parent Indowind stabilizes.
DJ Mediaprint & Logistics (DJML) extended its woes, slumping 9.77% to a 52-week low of ₹55.91 in a multi-session downtrend (-4.54% prior day). No fresh catalysts emerged, but persistent volume spikes (1.22x average) and a -9.75% weekly clip reflect broader logistics headwinds like fuel costs and e-commerce slowdowns. Analysts flag it as a watchlist candidate for turnaround, but short-term bears dominate amid P/E compression.
Solar darling Emmvee Photovoltaic (EMMVEE) reversed course, shedding 9.65% to ₹219 after a 10% surge on December 2-3 fueled by blockbuster Q2 (revenue +181% YoY to ₹1,131 Cr, PAT +578% to ₹238 Cr post-IPO). The pullback from an all-time high of ₹248.5 underscores profit-taking in newly listed names (debut Nov 18 at ₹2,900 Cr raise), with 6.26M shares traded. Long-term bulls tout debt reduction (₹1,621 Cr repaid) and 193% H1 revenue growth; day traders, however, face volatility whipsaws.
Bedmutha Industries (BEDMUTHA) tanked 8.07% to ₹100.20 on a Q2 earnings bombshell: EPS swung to -₹0.29 from +₹3.28 YoY, tied to margin pressures in stainless steel wires. The miss, announced November 12, eroded post-result optimism, with shares down 15.35% monthly and 38% half-yearly. Industrials investors: A dip-buy if capex in auto/EV segments rebounds; otherwise, further downside looms.
Hitachi Energy India (POWERINDIA) rounded out the rout, diving 8.01% to ₹20,100 despite robust Q2 (revenue +23.3% YoY, PAT quadrupled). As a BSE 500 laggard (-3.86% intraday), the slide ties to lofty valuations (P/E 109x vs sector 34x) and FII selling (₹13,121 Cr outflow in early December). Power sector peers like Siemens echoed the dip, but order backlog growth signals resilience for institutional holders.
Broader Market Context and What It Means for You
The green close masked undercurrents: Nifty IT soared 1.41% (Tech Mahindra +1.51%), offsetting drags from Media (-1.45%) and Durables (-0.62%). Midcaps dipped 0.19%, smallcaps -0.32%, with 1,746 decliners vs 1,381 advancers on NSE. FIIs dumped ₹3,207 Cr Wednesday, but DIIs countered with ₹4,730 Cr buys. For retail investors, these losers flag overbought traps (e.g., EMMVEE's post-IPO hype); institutions rotate to IT amid US rate cut bets. Swing traders target BEDMUTHA rebounds on earnings fixes.
