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ZOMATO GROWTH FORECAST
Analysts lift bets on India Inc after strong March quarterAnalysts have upgraded earnings estimates for a majority of NSE 500 companies following better-than-expected profit growth in the March 202...- Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala SitharamanUber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadru...
- ETtech Explainer: What does Blinkit’s growth moderation mean for rivals?The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and a...
- Why stock market rose today? Sensex rises over 600 points, Nifty ends above 24,150. 3 key factors behind the rallyIndian stock markets surged on Wednesday, with Sensex and Nifty 50 gaining significantly. This optimism was fueled by reports of Iran submi...
- Eternal shares rally over 4% after strong Q4 results. What CLSA, Goldman Sachs, 4 others are sayingEternal's shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit's quick comm...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- Zomato tanks over 10% on weaker numbers, drags Swiggy along, tooZomato has attributed the weaker numbers to the increased investments in accelerated new dark-store openings and customer acquisition effor...
- Zomato shares advance 7% as CLSA adds stock to ‘high conviction overweight’, raises target price to Rs 400Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its "High Conviction Overweight" list and raising...
- 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...
- 4 reasons why Axis Capital backs Swiggy for Rs 640 stock priceAxis Capital initiated coverage on Swiggy with a ‘buy’ rating and a ₹640 target, indicating a 20% upside. The brokerage cites strong food d...
- Morgan Stanley sees 31% upside in Zomato, believes QC might surpriseMorgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage firm remains bullish on Zomato due...
- Zomato shares zoom 4% to fresh all-time high as UBS reaffirms buy ratingZomato Share Price: Shares of Zomato surged 4% to a new high of Rs 283.60 after UBS maintained a buy rating with a target price of Rs 320. ...
- Zomato shares rally 8% as JPMorgan hikes target price to Rs 340Zomato Share Price: Shares of Zomato surged 7.6% on the BSE today, hitting an intraday high of Rs 261.50, following JPMorgan's target price...
- Hot stocks: Brokerages on Zomato, Max Financial, AU Small Finance Bank and IndiGoJPMorgan has raised its target price for Zomato to Rs 340 from Rs 208, maintaining an overweight rating. Zomato is transforming retail with...
- Zomato Q3 results today: Will profits improve further? Here's what to expectZomato Q3 results: At a consolidated level, Zomato is expected to achieve a reported EBITDA positive of Rs 29.8 crore in the third quarter,...
- Wholesome meal at a deal! Motilal initiates coverage on Zomato, sees 30% upsideIn its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying...
- Zomato stock outlook: Kotak trims target price but retains buyEarlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competit...
- Nykaa’s strategic shopping spree; Zomato kicks off 10-min food delivery in GurgaonThe pilot of Zomato’s 10-minute food delivery service Zomato Instant is now live in Gurgaon. The food delivery company has partnered with v...
- Street likes growth over profitability, retains a buy on Zomato post Q2 numbersBrokerages maintained buy ratings on Zomato after its September quarter results. Zomato's net loss widened to Rs 429.6 crore during the qua...
- Goldman Sachs believes Zomato shares could zoom 109% in blue-sky scenarioGoldman Sachs believes Zomato can achieve profitability at an operating level by 2023-24 driven by larger scale, higher take rates and impr...
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