Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food …
After a recent record-breaking rally, equity indices plunged 1% on Friday on across-the-board profit taking as US inflation data dashed hopes of a rate cut by June. Stocks that were in focus included names like HDFC Bank, which fell 1.31%, Zomato, which declined 1.63%, and CAMS, whose shares rose 2.1% on Friday. Here’s what Santosh …
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target …
BENGALURU – Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. India’s several new-age internet companies that hit the markets during the IPO frenzy in 2021 jumped after listing but slumped eventually …
In a recent clip from Shark Tank India Season 3, Zomato CEO Deepinder Goyal’s stern evaluation of business pitchers has caught the attention of viewers. The video, shared on January 24, showcases Goyal critiquing the presentations with a keen eye for detail, sparking comparisons with former judge Ashneer Grover. Former judge, Ashneer Grover’s unique catchphrase, …
Zomato, part of the e-commerce industry, witnessed some profit-taking after hitting a fresh 52-week high earlier in December but the chart pattern suggests that the bulls are here to stay. Medium to long-term investors can look to buy the stock now or on the decline for a possible 12-month target of Rs 184 in the …
Benchmark Sensex rallied 727 points and Nifty closed above the 20,000 mark on Wednesday driven by buying in select heavyweights. Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday. Here’s what Riyank Arora, Technical Analyst at Mehta Equities, …
In the oversubscribed IPO of Mamaearth, Peak XV Partners has found its fourth 10x or greater return within the six months since separating from the Sequoia family. The venture fund is sitting on an 10x return on its investment in Mamaearth, according to an analysis of its IPO documents by TechCrunch. Mamaearth is Peak XV’s …
India won its sixth game in a row in the ongoing 2023 Cricket World Cup. The Indian cricket team defeated the defending champions England by as much as 100 runs. In six matches in the tournament England have only one win, against Bangladesh, and are rooted firmly to the bottom of the table. A rampaging …
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