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Shares of Zomato plummeted by as much as 9.3% to Rs 218.45 on the BSE, wiping out recent gains, as several brokerages downgraded the stock following its disappointing Q3 earnings.

​When you look at the relative valuations, India in relation to Asia ex-Japan, that argument becomes even more egregious. India is on a forward PE basis trading at about 62% premium to Asia ex-Japan. The long-term average is 38%. On price to book it is between 80% to 90% premium.

Chinese stocks and the yuan rose as Trump did not impose trade tariffs at his inauguration. However, he directed federal agencies to investigate unfair trade practices and hinted at future tariffs on imports from Canada and Mexico. Investors remain cautious as the US-China relations are still uncertain. Stocks showed mixed performance with some tech shares rising.

The Relative Strength Index of the stock stood at 48.29 on Tuesday.

Hindustan Unilever Ltd (HUL) is expected to report subdued Q3 earnings for December 2024 due to weak urban demand, despite gradual rural recovery. Revenues are projected to grow by 2% YoY with a 3% rise in PAT. Analysts anticipate a 1% underlying volume growth, affected by price hikes in soaps and tea.

​You will get a real clarity on what way and what intensity the talk about tariffs and all that is going on. But what you rightly said is our concern is mostly domestic right now because there has been a definitely growth concern. Earnings have not been that great last quarter.

Macquarie has maintained its ‘Underperform’ rating on Paytm with a target price of Rs 730, implying a downside potential of 19%. Despite strong quarterly results, including a reduction in losses, the brokerage notes risks related to distribution revenue growth. Paytm’s consolidated loss narrowed to Rs 208.3 crore in Q3FY25.

A total of 61,061 shares changed hands on the counter till 11:49AM (IST).

The stock quoted a 52-week high of Rs 2403.45 and a 52-week low of Rs 1411.15.

Five Nifty50 stocks, including Kotak Mahindra Bank, Wipro, NTPC, Britannia Industries, and Titan Company, show strengthening momentum as their RSI values cross above 50, signaling potential upward movement and buying opportunities.