Buzzing Stocks of January 24, 2025 Explained

The Indian stock market witnessed mixed sentiments on Friday, January 24, 2025, with benchmark indices trading marginally higher in the afternoon session. At 12:40 PM, the S&P BSE SENSEX stood at 76,615.80, up by 89.95 points (0.12%), while the NSE NIFTY50 index was trading at 23,221.85, gaining 16.50 points (0.07%). Despite the marginal uptick in the indices, several stocks experienced significant price movements due to quarterly earnings, management changes, and regulatory developments. Here’s an in-depth look at the top buzzing stocks of the day.

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1. Cyient: Steep Decline Amid Profit Drop and Leadership Change

Shares of Cyient, a global intelligent engineering services provider, nosedived by over 20% following disappointing Q3 FY25 results.

• Net Profit: Declined by 31.56% QoQ to ₹127.7 crore, compared to ₹186.6 crore in the previous quarter. Year-on-year, profits dropped by 16.64%.
• Revenue: Grew marginally by 0.5% QoQ and 3.78% YoY, totaling ₹1,909.8 crore.
• Leadership Update: The company’s CEO, Karthikeyan Natarajan, resigned to “explore new challenges and opportunities.” This sudden exit added to investor concerns.
• Management’s Outlook: Krishna Bodanapu, Executive Vice Chairman and MD, highlighted 4.5% YoY growth in constant currency revenue, expressing optimism about the company’s future trajectory.

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2. Tejas Networks: Revenue Pressure Dampens Sentiment

Shares of Tejas Networks, an optical, broadband, and data networking product company, fell by 8.51% to ₹1003.45 due to subdued quarterly earnings.

• Revenue: Declined by 6% QoQ. However, YoY revenue doubled, signaling long-term growth potential.
• Margins: Contracted to 9.1% from 14.3% in the previous quarter.
• Order Book: Shrunk significantly to ₹2,681 crore, far below the five-quarter average of ₹7,700 crore, mainly due to delays in executing the BSNL deal.
• Profit: The company posted a net profit of ₹165.7 crore for the quarter, down from ₹275 crore in the previous quarter but recovering from a loss of ₹45 crore in the base quarter.

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3. Paytm: ED Investigation Weighs on Shares

Shares of One97 Communications (Paytm) fell by up to 9% to a low of ₹773.90 amid news of regulatory scrutiny.

• Regulatory Development: Reports suggested that Paytm, along with seven other payment gateways, was under investigation by the Enforcement Directorate (ED) for alleged involvement in a cryptocurrency scam linked to Chinese nationals.
• Paytm’s Response: The company clarified that it had not received any notice from the ED and emphasized that the case pertained to September 2022.
• Market Reaction: Despite the clarification, investor sentiment remained negative, causing the stock to trade 3.59% down at ₹30.45 during the afternoon.

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4. Syngene International: Marginal Decline Despite Strong Growth

Syngene International, a contract research and manufacturing services firm, saw its shares drop by 6% to ₹796.60.

• Profit Growth: The company reported a 17.58% YoY increase in profit to ₹131.1 crore.
• Revenue: Increased by 10.57% YoY to ₹943.7 crore, reflecting robust performance in the competitive biopharmaceutical sector.
• Market Reaction: Despite solid financials, profit-taking by investors caused the stock to lose ground.

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5. India Cements: Revenue Drop Drags Stock Lower

Shares of India Cements fell by 4.57%, trading at ₹297.40, following a weak earnings report.

• Net Profit: Jumped significantly to ₹122.3 crore in Q3 FY25 from ₹0.67 crore YoY.
• Revenue: Declined 15% YoY to ₹940 crore.
• Expenses: Increased by 6.4% YoY, putting pressure on margins.
• Market Sentiment: Investors remained cautious due to declining revenue and rising costs.

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6. Capri Global (CGCL): Robust Earnings Propel Stock

Shares of Capri Global, a diversified NBFC, soared by 12.17% to ₹203.65 on the back of a strong quarterly performance.

• Net Profit: More than doubled, rising by 111% YoY to ₹108 crore.
• Net Interest Income (NII): Increased by 12% YoY to ₹350.6 crore.
• EBITDA: Surged by 57.52% YoY, reaching ₹528.37 crore.
• Investor Sentiment: The company’s solid growth in income and profitability attracted positive market interest.

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7. Jyoti Structures: Bagging New Projects Boosts Stock

Shares of Jyoti Structures Limited gained 9.96%, trading at ₹24.72.

• New Project: The company won a ₹741.28 crore contract from PowerGrid Corporation of India. The project involves designing, testing, and commissioning of an HVDC Bipole Line in Gujarat.
• Completion Timeline: The project is expected to be completed in 42 months.
• Positive Outlook: The new contract bolstered investor confidence, driving the stock higher.

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8. KFin Technologies: Stellar Performance Lifts Stock

Shares of KFin Technologies jumped 13% after reporting impressive Q3 FY25 results.

• Net Profit: Increased by 34.9% YoY to ₹90 crore.
• Market Sentiment: Strong financial performance contributed to the sharp rally in the stock.

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Closing Thoughts

Friday’s market action highlighted a blend of challenges and opportunities across sectors. While companies like Cyient, Tejas Networks, and India Cements faced pressure from declining profits and revenues, others like Capri Global, Jyoti Structures, and KFin Technologies benefitted from strong earnings and strategic wins.

For investors, staying informed about quarterly results, management changes, and regulatory developments is crucial to making well-informed decisions in this dynamic market. Keep an eye on these buzzing stocks as they continue to shape market trends in the coming weeks.