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  5. Neuland Lab, India Cements, Zomato, Swiggy, Cyient DLM, ICICI Pru, IndiaMART InterMESH: Check top buzzing stocks of the day

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Neuland Lab, India Cements, Zomato, Swiggy, Cyient DLM, ICICI Pru, IndiaMART InterMESH: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

5 min read | Updated on January 22, 2025, 12:12 IST

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SUMMARY

Shares of Cyient DLM were trading over 11% lower at ₹530.25 apiece on the BSE, a day after the company released its Q3 FY25 results. On Tuesday, Cyient DLM announced that its revenue grew 38% year-on-year to ₹444 crore in the December quarter. However, profit after tax was down 41.7% YoY to ₹10.8 crore.

Stock list

TANLA
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ZOMATO
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CYIENTDLM
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INDIAMART
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INDIACEM
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At 11:57 AM, the S&P BSE SENSEX was trading at 76,021.21, up 182.85 points, or 0.24%.

At 11:57 AM, the S&P BSE SENSEX was trading at 76,021.21, up 182.85 points, or 0.24%.

Buzzing Stocks: The equity benchmark indices were trading in positive territory around noon deals on Wednesday, January 22.

At 11:57 AM, the S&P BSE SENSEX was trading at 76,021.21, up 182.85 points, or 0.24%, while the NSE's NIFTY50 index was trading at 23,039.15, up 14.50 points, or 0.06%.

Here is a list of stocks that are buzzing in today's trade.
Cyient DLM: Shares of Cyient DLM were trading over 11% lower at ₹530.25 apiece on the BSE, a day after the company released its Q3 FY25 results.
On Tuesday, Cyient DLM announced that its revenue grew 38% year-on-year to ₹444 crore in the December quarter. However, profit after tax was down 41.7% YoY to ₹10.8 crore.

The company said employee costs and other expenses were higher in Q3 FY25 due to consolidation with Altek Electronics Inc. – a firm that Cyient DLM acquired in October 2024.

ICICI Prudential Life: Shares of private life insurer ICICI Prudential Life Insurance declined 10% on Wednesday, a day after the company reported its financial results for the latest December quarter.

In the quarter under review, the net premium income (NPI) surged 23.48% to ₹12,261 crore, compared to ₹9,929 crore in the same quarter a year ago.

The insurer's assets under management (AUM) surged to ₹3.10 lakh crore as of December 31, 2024, up from ₹2.86 lakh crore in the corresponding period last fiscal.

Last seen, the stock was trading 7.87% lower at ₹585.85 apiece on the BSE.

IndiaMART InterMESH: Shares of the company were trading 9.31% lower at ₹2,079.80 apiece on the BSE as the Street was disappointed with the company's Q3 results, which were declared yesterday, after market hours.

The company on Tuesday reported a 36% rise in its consolidated net profit for the quarter ended December 31, 2024, to ₹125 crore versus ₹92 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 337 crore, a growth of 16% versus ₹291 crore in the corresponding quarter of the previous financial year.

The numbers, as per news reports, were weaker than expected. Further, concerning trends in its subscriber base weighed on the sentiment.

Zomato, Swiggy: Food delivery aggregators, Zomato and Swiggy, continued their slide for the second session as concerns around heightened competition in the quick commerce sector dampened sentiment.

Zomato shares were down 0.5% at ₹213.55 apiece on the BSE while Swiggy was trading 2% lower at ₹431.45.

Newgen Software Technologies: Shares took a beating for the second consecutive session. The stock was trading at ₹1,235 on the BSE, down 5.40%.

The technology firm on Monday posted a 30.8% year-on-year increase in consolidated net profit to ₹89 crore for the December quarter.

Revenue from operations for the quarter under review came in at ₹381 crore, a 17.7% uptick from ₹323.6 crore in the year-ago period. READ MORE
Kalyan Jewellers India: Shares were trading nearly 4.5% lower at ₹465.60 apiece on the BSE. In a week, the stock price of the company has dropped 16%, BSE data shows.
Neuland Laboratories: Shares of Neuland Laboratories were trading around 4.5% higher at ₹13,783.75 apiece on the BSE.

The drug firm on Tuesday (January 21) announced that its board of directors approved capital expenditures totalling ₹342 crore for capacity expansion at its facilities in Telangana.

South Indian Bank: Shares of South Indian Bank were trading nearly 4% higher at ₹26.76 apiece on the BSE.

The private sector lender on Tuesday posted an 11.95% increase in its net profit to ₹341.87 crore in the three months ended December 2024.

The net interest income (NII) stood at ₹869.2 crore in the quarter under review, up 6% from ₹820 crore in the corresponding period last fiscal.

Gross non-performing assets were at 4.30% in Q3 FY25 as against 4.40% in the second quarter of FY25. The net NPA ratio was 1.25% vs 1.31% in Q2 of the current fiscal year.

India Cements: Shares were trading 11.6% lower at ₹307.95 apiece on the BSE, a day after the company reported its December quarter results.

India Cements Ltd on Tuesday reported a consolidated net profit of ₹116.52 crore in the third quarter ended on December 31, 2024, boosted by the sale of investments.

The company had posted a consolidated net loss of ₹6.58 crore in the same period last fiscal, said India Cements Ltd in which Aditya Birla Group firm UltraTech had acquired a 32.72% stake on December 24, 2024.

Consolidated revenue from operations stood at ₹940.81 crore as compared to ₹1,113.06 crore logged in the year-ago period.

Tanla Platforms: Shares of the company were trading over 7% lower at ₹617.65 apiece on the BSE following the company's Q3 FY25 results declaration.

The company reported a 15.4% year-on-year (YoY) decline in its net profit at ₹118.5 crore for the third quarter. The company's revenue from operations dipped 0.2% to ₹1,000.4 crore against ₹1,002.6 crore logged in the year-ago quarter.

(With inputs from PTI)

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