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ZOMATO BLINKIT JEFFERIES
TCS Q4 drags down IT stocks; Swiggy cofounder exitsShares of IT companies declined on Friday as TCS earnings failed to lift investor sentiment. This and more in today’s ETtech Top 5.- Blinkit set for margin expansion after driving Q1 for Eternal: AnalystsBlinkit's shift to an inventory-led model is expected to boost efficiency and profitability, potentially leading to Ebitda breakeven by Mar...
- Rs 44,600 crore loss! Zomato shares crash 18% in 3 days. Is the worst behind?Zomato shares fell 5.1% after disappointing Q3 FY25 results, with a 57% YoY drop in net profit. The quick-commerce unit, Blinkit, continues...
- Zomato infuses Rs 500 crore in quick commerce platform BlinkitZomato has invested Rs 2,800 crore in Blinkit since acquiring the company for Rs 4,477 crore in an all-stock deal in August 2022. This late...
- Rs 10,200 crore food bill! Zomato most bought stock of mutual funds in Q3Mutual funds invested Rs 10,200 crore in Zomato shares in Q3, making it the most bought stock. Mutual fund holdings increased to 16.42%, wh...
- 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 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, ...
- Zomato shares fall 6% on ESOP headache but target prices rise up to Rs 280. Should you buy, sell or hold?Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodte...
- Zomato rises 4% as brokerages show higher appetite for stock post Q2 earningsZomato posted a Rs 36-crore profit after tax (PAT) against the estimates of Rs 5-crore loss by ETNow poll. The company had posted a surpris...
- Zomato stock jumps on reports that Blinkit might venture into home platform services"Growth in revenue per order led to a higher revenue growth of 28% quarter-on-quarter. All of this growth has come without any expansion in...
- Zomato shares fall 4% post Q3 results. Should you buy, sell or hold?"Zomato Management is confident of delivering Ebitda break-even ex-QC by Sep'23, with the possibility of this being achieved in the Mar-23 ...
- Zomato stock plunges over 7% as Q3 loss widens. Should you buy, sell or hold?The company reported a beat on unit economics, but growth slowed down, said the brokerage. GOV growth of 0.7% was led by AOV growth as orde...
- 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.
- 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...
- Zomato's growth prospects intact: 5 reasons why it is this week's stock pickZomato has sufficient liquidity to fund its growth plans and has set up infrastructure like warehousing and last-mile delivery to achiever ...
- Green signal: Zomato investors approve Blinkit dealStock reverses downward trend, closes 5.5% up on Wednesday.
- Zomato shares up nearly 7% as analysts project bigger order volumesAnt Group-backed Zomato made a strong debut on the Mumbai market last year, but concerns about its valuation have brought down its market v...
- Zomato tumbles 6% as Street cautious on Blinkit buyout"Given the intense competitive intensity in the quick commerce space, we believe that the path to profitability for Zomato group post-acqui...
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