RIL, Kalyan Jewellers, MMTC, Spandana Sphoorty, Paytm, Dixon Technologies, KEC International: Check top buzzing stocks of the day

At 12:43 PM, the S&P BSE SENSEX was trading at 77,510.28, down 688.83 points, or 0.88%. The broader NIFTY50 index of the NSE was trading at 23,529.35, down 178.55 points, or 0.75%.

The company released its Q3 business update on Tuesday. It recorded consolidated revenue growth of approximately 39% in the December quarter when compared to the same period in the previous financial year.

"Our India operations witnessed revenue growth of approximately 41% during Q3 FY2025 as compared to Q3 FY2024, led by very strong festive and wedding demand across both gold and studded categories. The quarter recorded healthy same-store sales growth of approximately 24%," the company added.

During the recently concluded quarter, the company launched its first showroom (Company Owned Company Operated) in the United States of America.

Jefferies said RIL underperformed the Nifty 50 index by 15% in 2024 over concerns surrounding the medium-term growth prospects for its retail business and lower earnings growth in the current financial year.

However, the brokerage, as per news reports, sees the restoration of mid-teens growth in Reliance Industries' retail business, a potential listing of Reliance Jio, and better profitability in the Oil-To-Chemicals (O2C) business in the financial year 2026.

The stock of the consumer durables sector company has jumped nearly 171% in the past 12 months on consistent key deals, order wins, and terrific financial performance.

The fall in the company's shares on Wednesday was in line with the overall market trend.

The benchmark indices were trading 0.6% lower during the trade with all the sectoral indices in the red. The BSE CONSUMER DURABLES index was the biggest sectoral loser. It was trading at 63,376.72 levels, down 1,958.09 points, or 3%.

After Zomato’s shares more than doubled in value in 2024, analysts at Jefferies predict that 2025 could be a breather year, with the stock likely shifting gears into a phase of price consolidation.

Under the strategic partnership, the two companies aim to develop innovative solutions for ADAS (advanced driver-assistance system) platforms, automotive cockpit domain controllers, and central and zonal gateway controllers that will accelerate the realisation of software-defined vehicles (SDVs), Tata Technologies said in a statement.

Last seen, the stock was trading 0.86% higher at ₹889 apiece on the NSE.

Dr. Reddy’s Laboratories Inc, USA, the wholly owned subsidiary of the company, has entered into an agreement for the sale of all the issued and outstanding membership interests in its wholly owned subsidiary, Dr. Reddy’s Laboratories Louisiana LLC (DRLL), along with the manufacturing facility of DRLL in Shreveport, Louisiana, USA.

Brent crude was up 28 cents, or 0.36%, to $77.33 a barrel at 0415 GMT. US West Texas Intermediate crude climbed 40 cents, or 0.54%, to $74.65.

Spandana Sphoorty is a non-banking financial company (NBFC) that provides microfinance and loans to rural areas.

In December, the company approved the sale of a stake in Softbank group's fintech firm PayPay Corporation, the company said in a regulatory filing on Friday.

Paytm holds a 7.2% stake in PayPay Corporation.

Early in the trade, shares of the company rallied 4% on securing new orders worth ₹1,136 crore.