Stock Crash: The beginning of the current year has proved to be very bad for many big companies. From HCL Tech to Zomato, companies have suffered a major setback after releasing the results and their shares have fallen by up to 70% from their peak. Let's take a look at these stocks -

HCLTech: Shares of the IT service provider have fallen by 9 per cent after the release of quarterly results. Meanwhile, brokerage firms have also changed their stance on the stock. Some of them have downgraded the stock and also cut their price targets. The stock has been trading at the same level since the 9% decline on January 14.

Infosys: Despite a strong quarterly report from the company, its shares fell by 6%. However, the stock has recovered most of its losses. In fact, many brokerage firms have named this stock as one of their top picks in the sector. Axis Bank: The bank's advances and deposits growth fell to a 15-quarter low during the December quarter. The bank's shares fell by 4.5% on January 17 and since then this trend has continued for 6 consecutive days. Many brokerage firms have also cut their price targets on the stock. Zomato: The food delivery platform announced its results on Monday, in which it reported a slowdown in the food delivery business and also said that its quick commerce business Blinkit will remain in losses for some time. The stock fell 7% on the day of its results and rose to 10% the next day after brokerages cut price targets on the stock. The decline in Zomato has also hurt the shares of its closest rival Swiggy. Dixon Tech: The company's stock saw a 14% decline on the day of the results itself, the biggest in two years. Since then, F&O restrictions have been imposed on the stock. Cyient: Cyient's shares fell 20% on Friday. In fact, the management had reduced its guidance for its core businesses of digital, engineering and technology from earlier flat to negative 2.7% and its margin guidance from earlier 16% to 13.5%. Spandana Spruti: Shares of Spandana Spruti Financial Limited have fallen 5% so far on Friday, January 24. This comes after the release of December quarter results, where its write-offs exceeded the gross NPA figure of September quarter. Write-offs during the quarter stood at Rs 678 crore, which is more than the gross NPA of Rs 400 crore and Rs 477 crore of the current and previous quarter respectively. The stock is down 70% from its peak. Suryodaya Small Finance Bank: Suryodaya Small Finance Bank Limited has reduced its guidance for FY 2025 from loan growth to return ratios. Meanwhile, its asset quality is witnessing a sharp decline. The stock also fell 7% on Friday after the earnings and guidance.