Zomato, 6 other stocks hit hard in market bloodbath today

Jan 13, 2025 Nishtha Awasthi, ETMarkets.com

Newsmakers of D-Street

Indian stock markets saw a sharp decline on Monday, with the BSE Sensex dropping over 1,000 points and the Nifty50 falling below 23,100. This downturn followed a surprisingly strong U.S. jobs report, which reduced expectations of imminent interest rate cuts by the Federal Reserve, and was further impacted by worries about declining corporate earnings.The 30-share BSE Sensex concluded trading at 76,330, reflecting a decrease of 1,048 points or 1.38%. Similarly, the broader NSE Nifty ended the session at 23,086, down 345 points or 1.47%.The market capitalization of all listed companies on BSE dropped by Rs 12.4 lakh crore to Rs 417.28 lakh crore.Here are the stocks that dragged the market on Monday: Image Source: ETMarkets.com

Waaree Renewable Technologies

Shares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE after the company’s CFO Dilip Panjwani’s resignation was announced on January 7. Image Source: ETMarkets.com

Just Dial

Just Dial shares settled 13.6% lower at Rs 894 on the BSE today after the company reported a net profit of Rs 131.31 crore for the quarter ended December 31, 2024, a 43% increase from Rs 92 crore in the same period last year. Image Source: ETMarkets.com

Adani Wilmar

Adani Wilmar shares fell by 10% to Rs 262.45 on the BSE, as the second day of its offer for sale (OFS) got underway. The company’s promoter, Adani Commodities LLP, is offloading up to 19.50 crore shares, representing 15.01% of the company’s equity, including an oversubscription option. Image Source: ETMarkets.com

PCBL

Shares of PCBL ended the day 10.2% lower at Rs 351.25 on the BSE today after reporting a 37% YoY decline in its net profit at Rs 93 crore. Image Source: ETMarkets.com

Kalyan Jewellers

Shares of Kalyan Jewellers continued their losing streak, falling by 8.6% to Rs 572.55 on the BSE in a weak market, after the company reported a revenue growth of nearly 41% YoY in its Q3 update last week. Image Source: ETMarkets.com

PB Fintech

Shares of PB Fintech, settled at Rs 1,700.95 on BSE today, falling by 8.4% after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to "Underweight" with a target price of Rs 1,400. Image Source: ETMarkets.com

Zomato

Zomato shares tumbled 6.65% to close the day at Rs 226.85 on BSE today amid high trading volumes in the counter amid a weak market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) Image Source: ETMarkets.com

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