Indian stock market indices ended deep in the red on January 21, 2025. Sensex 30 ended the day’s trade at 75,838.36, down 1,235.08 points or 1.60%, while Nifty 50 ended at the day at 23,045.30 points, diving 299.45 points and losing 1.28% in the process. Analysts attributed the sharp fall the announcements US President Donald Trump on the trade front. The top losers in Nifty included Trent (down 5.80%), Adani Ports & Special Economic Zone (down 3.70%), NTPC (down 3.50%), ICICI Bank (down 2.98%), and SBI (down 2.59%). The top gainers included Apollo Hospitals (up 2.04%), Tata Consumer (up 1.23%), BPCL (up 1.05%), JSW Steel (up 0.83%) etc.
Zomato share price
Zomato lost heavily on Janaury 21. At the close of trade the stock stood at Rs 215.40, down 24.35 or a hefty 10.16%. According to reports, global financial services Macquarie’s fresh target price on the stock post Q3 FY 25 results indicate a 44% downside. The Zomato stock has dipped 17% in 2025 so far. Macquarie pointed out that Zomato’s financials for the October-December quarter were below both consensus and estimates. “In the face of hyper-competition, we continue to flag material downside risk particularly to this margin expansion assumption, whilst even noting scope for a prolonged period of negative margins,” Macquarie said.
Dixon Technologies share price
Both in terms of absolute value as well as in percentage terms, the stock of Dixon Technologies (one of India’s largest contract manufacturers of consumer electronic goods) lost very heavily. The stock came down by Rs 2,441.45, or 13.90% during the day and stood at Rs 15,118.00 at the close of trade. Analysts attributed the show to the financial results that disappointed the markets. “Dixon’s Q3 numbers were slightly below expectations on a quarterly basis and the stock has been trading at an extremely high valuation which led to a fall on Tuesday… Other EMS companies like Kaynes and PG Electroplast also declined as Dixon is the leader in the space and the market was not happy with its numbers which rubbed off on other stocks as well,” Apurva Sheth, head of research at Samco Securities, was quoted in the media as saying.
IndiaMART share
The IndiaMART stock stood at Rs 2,296.00 recording a gain of Rs 26.00 or 1.15% on January 21. Major brokerage firm Nomura has cut its price target for IndiaMART to Rs 1,900> It was Rs 3,150 earlier. The fresh target price indicates a downside of about 17% from the closing levels of January 21. Reports state that IndiaMART stock has corrected 28% from their recent peak of Rs 3,198. For the December quarter, IndiaMART reported a decline in its subscribers, said report. It went down by 3,715 compared to the July-September quarter.
Tata Communication
The Tata Communication share ended January 21 at the level of Rs 1,700.95, recording a dip of Rs 28.95 (or 1.67%). This stock recorded an all-time high of around Rs 2175 in Oct 2024. Therefore, a sharp dip has already taken place. Viral Chheda, Sr Analyst at SSJ Finance & Securities was quoted in the media as saying that there was a possibility of upside. “At the lower levels after taking the support of previous lower levels, price has given some pull back and closing above its 20 DMA of 1706 we can see further upside from here. On the higher side, price can face some resistance around 1830-1860 odd levels, moving above this level will give further upside move till 1950-2050. For the Long term stock looks good and can be bought at every dips,”
RVNL share price
At the close of trade on January 21, the RVNL share price was at Rs 419.00, down Rs 12.60 (or 2.92%). RVNL is one of the most active PSU stocks. Its fortunes are deeply connected with the fortunes of the Indian railways which is witnessing capital infusion for modernisation of both trains and infrastruicture. During the day, the stock had a high of Rs 437.45 and a low of Rs 416.25. The PSU stock is below its 52-week high of Rs 647. Its 52-week low is Rs 203.90.
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Stocks in news today: From Zomato to Dixon technologies, IndiaMART to Tata Communication, these stocks are in news for a variety of factors. Indian stock market indices ended deep in the red on Tuesday, January 21, 2025, wiping off trillions of rupees on investor wealth. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
