KIOCL Shares Hit 10% Lower Circuit After Record Rally

Market Performance

The Indian stock market witnessed a mixed session as select stocks corrected sharply after strong rallies in recent sessions. KIOCL, a PSU stock, led the decline with a 10% drop, hitting the lower circuit. Other notable movers included Tata Investment Corporation and Orient Tech, which also saw significant intraday corrections.

The sharp pullback in KIOCL comes after an extraordinary three-day rally that pushed the stock to a 52-week high, reflecting the volatility in smallcap and actively traded PSU stocks.

KIOCL Share Movement

KIOCL shares fell 10% to settle at ₹564.85 per share on October 7, snapping a three-session winning streak. Over these three sessions, the stock surged 51%, touching a 52-week high of ₹634.55.

• Market capitalization: ₹34,429 crore
• Free float market cap: ₹330 crore (approximately 1% of total shares available for active trading)

Despite the sharp correction, KIOCL shares have shown impressive gains over multiple time frames:

• Past one month: +19%
• Past six months: +155%
• Year-to-date 2025: +38%

This trend highlights the stock’s strong momentum and investor interest, even as short-term profit booking triggered the recent decline.

Tata Investment Corporation Share Update

Tata Investment Corporation shares dropped around 5.5%, trading at ₹9,402 per share, extending losses for the third consecutive session. This comes after a rapid 78% rally in less than a month, with the stock reaching a 52-week high of ₹11,847 on October 3.

• Current P/E ratio: 234+
• Performance from 52-week low of ₹5,145.15: +83%

The stock’s high valuation and recent spike prompted profit booking, contributing to the intraday decline.

Orient Tech Share Update

Orient Tech shares also corrected sharply, falling 8% to ₹463 per share. This ended a six-session gaining streak for the stock.

• Gains in the past five days: +33%
• Gains in the past one month: +46%
• Down from 52-week high of ₹674.85: -31%
• Up from 52-week low of ₹247.05: +87%

The stock has experienced strong short-term rallies, reflecting investor enthusiasm, followed by selective profit booking.

Summary

KIOCL, Tata Investment, and Orient Tech all experienced sharp intraday corrections after recent strong rallies. KIOCL’s 10% drop to the lower circuit was the most notable, coming after a record three-day surge of 51%. The stock continues to remain highly volatile, with small free float contributing to larger price swings.

Investors tracking PSU and smallcap stocks may note that even stocks with strong momentum can witness sudden pullbacks due to profit booking. These movements highlight the importance of market sentiment and short-term volatility in actively traded shares.