Overview

• Shares fell for a third straight session on Sept. 30, touching an intraday low of Rs 15,984 and leaving the stock down about 12% over the period and more than 8% for the week.
• The stock had already surrendered the Rs 17,000 level after a 9% two-session drop, with trading turnover and volumes rising during the pullback.
• Market capitalization declined to about Rs 97,959 crore on the BSE, down from roughly Rs 1.01 lakh crore a day earlier.
• Technical analysts flag a bearish near-term setup below key moving averages, pointing to supports near Rs 16,300–16,200 and Rs 15,800, with resistance around Rs 17,650–17,780.
• Operationally, revenue for April–June rose 24% to Rs 12,863 crore, and Bloomberg data show a majority ‘buy’ view with a 12-month consensus target of Rs 17,771.