Top gainer: Hindustan Unilever 2,371 ▲ 49 (+2.12%)
Top loser: Dr. Reddy’s Laboratories 1,228▼ 61 (-4.74%)
Shares of global intelligent engineering services provider Cyient declined over 20% on Friday
Shares of global intelligent engineering services provider Cyient declined over 20% on Friday, January 24, after the company posted a 31.56% fall in its net profit to ₹127.7 crore in Q3 FY25 compared to ₹186.6 crore in the previous quarter. Year-on-year, the profit after tax declined 16.64%. Revenue from operations stood at ₹1,909.8 crore, growing 0.5% quarter-on-quarter (QoQ) and 3.78% YoY.
Shares of Tejas Networks slipped as much as 8% on Friday
Shares of Tejas Networks slipped as much as 8% on Friday after the company posted December quarter earnings. Shares of the company were trading at ₹1003.45 apiece, falling 8.51% on BSE. The company’s revenue also declined 6% on a quarter-on-quarter basis, while margin narrowed to 9.1% from 14.3% in the September quarter. Its order book of ₹2,681 crore is well below the last five-quarter average of ₹7,700 crore, which is also due to the BSNL deal execution.
Shares of One97 Communications declined by up to 9% to the day’s low of ₹773.90 apiece
Shares of One97 Communications, which operates the payments platform Paytm, declined by up to 9% to the day’s low of ₹773.90 apiece on Friday, January 24, amid news reports that Paytm is among the eight payment gateways being investigated by the Enforcement Directorate (ED) in a cryptocurrency scam. Besides Paytm, Razorpay, PayU, and Easebuzz are among the eight payment gateways that have come under investigation with the ED freezing around ₹500 crore in their virtual accounts over the last two years in connection with 10 Chinese nationals running one of the biggest cryptocurrency scams, HPZ Token, from India, Times of India reported on Friday.