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JEFFERIES ON ZOMATO
Swiggy, Zomato shares extend fall as quick commerce burn weighsSwiggy’s market capitalisation has now fallen below $10 billion, while Gurugram-based Zomato’s valuation slipped under $23 billion. Jefferi...
Zomato shares fall 5% following Jefferies downgrade, target price slashed to Rs 275Zomato share price: Shares of Zomato fell by 4.8% following Jefferies' downgrade of the stock from 'buy' to 'hold' and a 18% cut in the tar...
Zomato shares gain 15%, remain unbeaten for 5 sessionsZomato Share Price: Zomato shares surged 15.5% to a record high of Rs 280.60, driven by a Paytm deal, positive broker ratings, and strong e...
Hot stocks: Brokerage view on Tata Tech, Zomato and Shriram FinanceCiti has issued a sell rating on Tata Tech with a target price of Rs 945, citing uncertainties related to VinFast revenues and client conce...
Hot stocks: Brokerage view on Shyam Metalics, IndiGo, Vedanta, Zomato and PaytmBrokerage firms have issued diverse stock recommendations: UBS endorsed Shyam Metalics as a buy, Jefferies upgraded IndiGo and Zomato to bu...
Zomato shares soar; m-cap briefly hits $30 billion on bumper resultsOn Thursday, food delivery major Zomato reported a multifold jump in consolidated net profit to Rs 253 crore for the June quarter of FY25, ...
Hot Stocks: Brokerage view on ITC, Sun Pharma, Adani Ports, Zomato and DaburJefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, an...
Hot Stocks: Brokerages view on AB Capital, Zomato, UPL and Varun BeveragesBofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight ratin...
Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITCMacquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and str...
Why Jefferies sees 92% upside in Zomato stock despite EBITDA concerns“New grants are declining sharply, and Zomato is no longer a startup that needs to overly rely on ESOPs. The existing pool seems sufficient...
Jefferies dumps Zomato, picks 2 new metal stocks in its India portfolio"We also shave off some weight from Maruti (potential headwind to discretionary consumption due to slower wage hikes/IT hiring) to banks," ...
Swiggy trailed Zomato in first half of 2022 despite offering bigger discounts: Jefferies reportZomato’s quick-commerce business Blinkit also recorded a higher GMV than Swiggy’s Instamart over the same period, according to Jefferies.
Bad news surrounds Zomato, but Street’s faith in turnaround story intactThe shares have corrected 9% in a week, but this is after the stellar gains it made earlier in the month. Net-net, so far in November, the ...
Hot Stocks: Global brokerages on Glenmark Life, Zomato and Hindustan UnileverBofA Securities maintained a buy rating on Glenmark Life with a target price of Rs 560. Sustainable growth drivers are in focus.
Hot Stocks: Brokerage view on HDFC Bank, M&M, Zomato, Indian Hotels and Ashok Leyland post Q2 resultsMacquarie maintained an outperform rating on HDFC Bank with a target price of Rs 2005. MSCI changes remove a major overhang, the brokerage ...
Hot Stocks: Brokerages on JSPL, Indian Hotels and Zomato post Q2 results"Cost pressures were seen in Q1. Standalone adjusted EBITDA fell by ~68% on a YoY basis. There is confidence around JSPL's balance sheet an...
Investors sceptical about Zomato’s acquisition of Blinkit: JefferiesA lot of investors expressed a fundamental question on Blinkit’s existence, with comments like "why someone want grocery delivery in 10-min...
Why Jefferies believes loss-making Zomato deserves premium valuationBrokerage firm Jefferies India joined UBS Securities India and JM Financial in initiating coverage on the newly listed company with a ‘buy’...
Will unicorns like Zomato make it to Jefferies' India model portfolio?"My Indian portfolio, being a long-term portfolio, is predominantly still in growth stocks," says Chris Wood of Jefferies.
As countdown begins for Zomato IPO, a Rs 14,000 crore question loomsIn its draft red herring prospectus, Zomato proposes to utilise 75 per cent of the Rs 7,500 crore IPO proceeds for tapping organic and inor...