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  5. Swiggy, Zomato, Dwarikesh Sugar, Sunteck Realty, Newgen Software, Dixon Technologies: Check top buzzing stocks of the day

Market News

Swiggy, Zomato, Dwarikesh Sugar, Sunteck Realty, Newgen Software, Dixon Technologies: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on January 21, 2025, 12:51 IST

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SUMMARY

At 12:39 PM, the S&P BSE SENSEX was trading at 76,281.78 levels, down 791.66 points, or 1.03%. The NSE's NIFTY50 index was trading at 23,160.30, down 184.45 points, or 0.79%.

Stock list

PAYTM
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SUNTECK
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NEWGEN
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DIXON
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SWIGGY
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Shares of Newgen Software Technologies tanked as much as 17.3% to ₹1,294 apiece on Tuesday, January 21.

Shares of Newgen Software Technologies tanked as much as 17.3% to ₹1,294 apiece on Tuesday, January 21.

Buzzing Stocks: The equity benchmark indices were trading deep in the red on Tuesday, January 21, a day after Donald Trump took oath as the 47th President of the United States of America.

At 12:39 PM, the S&P BSE SENSEX was trading at 76,281.78 levels, down 791.66 points, or 1.03%. The NSE's NIFTY50 index was trading at 23,160.30, down 184.45 points, or 0.79%.

Here is a list of stocks that are buzzing in today's trade.
Dixon Technologies: Shares of Dixon Technologies, the leading company that manufactures electronic products and provides electronic manufacturing services (EMS), tanked as much as 13.89% to ₹15,120 apiece on the NSE on Tuesday, January 21, a day after the company released its financial results for the quarter ended December 31, 2024 (Q3 FY25).

The company, as per its earnings release, reported a revenue of ₹10,461 crore during the quarter under review, up 117% year-on-year (YoY).

Its profit after tax (PAT) stood at ₹217 crore, up 124% YoY, while PAT margin grew 10 bps to 2.1%. READ MORE
Zomato: Shares of Zomato, the leading restaurant aggregator and food delivery company, saw relentless selling on Tuesday, January 21, a day after the company released its December quarter (Q3 FY25) results.

The stock price slipped up to 13.3% lower at ₹207.80 on the NSE.

Zomato, which owns Blinkit, on Monday reported a 57.2% decline in consolidated net profit to ₹59 crore for the third quarter ended December.

In the letter to shareholders, Zomato said, "To us, the biggest impact of the intensifying competition has been the acceleration in customer awareness and adoption of quick commerce. We have seen this play out in the early days of the food delivery business as well when heightened competition led to higher investments in customer acquisition across the industry as a whole. This eventually (disproportionately) benefitted players with sustained, good-quality execution."

In addition to that, heightened competition has led to a pause in margin expansion in the business, which is expected and should be temporary.

Swiggy shares also tumbled 11% in the trade.

Newgen Software: Shares of Newgen Software Technologies, one of the leading providers of a unified digital transformation platform with native process automation, content services, and communication management capabilities, tanked as much as 17.3% to ₹1,294 apiece on the NSE on Tuesday, January 21.

The company reported its December quarter (Q3 FY25) results on Monday.

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

The Noida-headquartered firm reported a profit of ₹68 crore in the year-ago period, according to a regulatory filing.

Dwarikesh Sugar, Balrampur Chini Mills: Leading sugar stocks advanced 1-6% in trade on Tuesday, January 21, after the Union government allowed sugar exports for the current season.
The Centre on Monday allowed the export of 10 lakh metric tonnes of sugar during the 2024-25 season that spans from October 2024 to September 2025. READ MORE
Sunteck Realty: Shares of Mumbai-based real estate firm Sunteck Realty traded in the positive territory on Tuesday, a day after the company released its financial results for the quarter ended December 2024.

In the early trade, the stock rose as much as 10.16% to ₹542.8 apiece on the National Stock Exchange (NSE).

Sunteck Realty posted a consolidated net profit of ₹42.52 crore in the latest October-December quarter, compared to a net loss of ₹9.72 crore in the corresponding period last fiscal.

Revenue from operations increased 281.1% to ₹161.75 crore in the quarter under review as against ₹42.44 crore in the year-ago period.

Paytm: Shares of One 97 Communications, the parent firm of Paytm, were trading over 5% lower at ₹851 apiece on the BSE, a day after the company reported its December quarter (Q3 FY25) results.

The fintech firm reported a narrowing of consolidated loss to ₹208.5 crore in the third quarter ended December 31, 2024.

The company had posted a loss of ₹221.7 crore in the same period a year ago, the company said.

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