Indian markets registered strong gains on Friday as NSE Nifty jumped 2.4 percent and BSE Sensex closed 2.54 percent higher. Indian markets were facing selling pressure over the last few sessions and market participants were looking forward to a relief rally. On Friday, markets opened positive and continued to gain strength during the trading session. NSE Nifty is now above its two major resistance levels and we can expect positive momentum on Monday.

Major losers during Friday's trading session despite Market Rally

Today's trading session saw some stocks facing downward pressure. Here are the 10 worst-performing stocks:

1. Torrent Power Ltd. (TORNTPOWER):

Closing Price: Rs 1,517.40
Decline: -4.10% from the previous close of Rs 1,582.35
Analyst Recommendations:
Motilal Oswal Financial Services: Maintained a 'Buy' rating with a target price of ₹1,650, citing strong operational performance and expansion in renewable energy projects.
ICICI Securities: Assigned a 'Hold' rating, expressing caution over regulatory challenges in the power sector.
2. Vodafone Idea Ltd. (IDEA):

Closing Price: Rs 6.67
Decline: -3.47% from the previous close of Rs 6.91
Analyst Recommendations:
Emkay Global Financial Services: Issued a 'Sell' recommendation due to ongoing financial constraints and competitive pressures in the telecom industry.
HDFC Securities: Maintained a 'Neutral' stance, highlighting the need for capital infusion to sustain operations.
3. Bharti Hexacom Ltd. (BHARTIHEX):

Closing Price: Rs 1,329.25
Decline: -2.72% from the previous close of Rs 1,366.40
Analyst Recommendations:
Axis Securities: Initiated coverage with an 'Overweight' rating and a target price of ₹1,280, emphasizing its strong market position and growth prospects.
Kotak Securities: Assigned a 'Buy' rating, noting the company's robust subscriber base and potential for tariff hikes.
4. Tube Investments of India Ltd. (TIINDIA):

Closing Price: Rs 3,474.40
Decline: -1.95% from the previous close of Rs 3,543.60
Analyst Recommendations:
Edelweiss Securities: Maintained a 'Buy' rating with a target price of ₹3,800, citing diversification into new business segments and strong financials.
ICICI Direct: Assigned a 'Hold' rating, expressing concerns over valuation after recent stock appreciation.
5. APL Apollo Tubes Ltd. (APLAPOLLO):

Closing Price: Rs 1,418.25
Decline: -1.54% from the previous close of Rs 1,440.50
Analyst Recommendations:
Motilal Oswal Financial Services: Issued a 'Buy' recommendation with a target price of ₹1,500, highlighting market leadership in structural steel tubes and capacity expansion plans.
HDFC Securities: Maintained a 'Neutral' stance, noting potential margin pressures due to rising raw material costs.
6. Voltas Ltd. (VOLTAS):

Closing Price: Rs 1,653.40
Decline: -1.32% from the previous close of Rs 1,675.50
Analyst Recommendations:
ICICI Securities: Assigned a 'Buy' rating with a target price of ₹1,800, emphasizing strong brand presence and growth in the consumer durables segment.
Emkay Global Financial Services: Issued a 'Hold' recommendation, citing concerns over competitive intensity in the air conditioning market.
7. Poonawalla Fincorp Ltd. (POONAWALLA):

Closing Price: Rs 355.65
Decline: -1.26% from the previous close of Rs 360.20
Analyst Recommendations:
Motilal Oswal Financial Services: Maintained a 'Buy' rating with a target price of ₹400, highlighting robust loan book growth and asset quality.
ICICI Direct: Assigned a 'Hold' rating, expressing caution over potential regulatory changes in the NBFC sector.
8. Prestige Estates Projects Ltd. (PRESTIGE):

Closing Price: Rs 1,631.05
Decline: -1.14% from the previous close of Rs 1,649.85
Analyst Recommendations:
HDFC Securities: Issued a 'Buy' recommendation with a target price of ₹1,750, citing strong project pipeline and sales momentum in the real estate sector.
ICICI Securities: Maintained a 'Neutral' stance, noting potential risks from rising interest rates affecting housing demand.
9. Kalyan Jewellers India Ltd. (KALYANJEW):

Closing Price: Rs 706.45
Decline: -0.74% from the previous close of Rs 711.75
Analyst Recommendations:
Motilal Oswal Financial Services: Assigned a 'Buy' rating with a target price of ₹750, emphasizing expansion in new markets and brand strength.
HDFC Securities: Issued a 'Hold' recommendation, expressing concerns over volatility in gold prices impacting margins.
10. Federal Bank Ltd. (FEDERALBNK):

Closing Price: Rs 209.37
Decline: -0.72% from the previous close of Rs 210.88
Analyst Recommendations:
ICICI Direct: Maintained a 'Buy' rating with a target price of ₹220, highlighting strong asset quality and growth in retail lending.
Emkay Global Financial Services: Assigned a 'Hold' rating, noting potential challenges from increasing competition in the banking sector.