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ZOMATO BROKERAGE OUTLOOK
Why market fell today? Sensex slumps 583 pts, Nifty below 24,000; 7 key triggersIndian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven ...
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...
Eternal Q4 revenue, profit surge on Blinkit boostEternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins...
Eternal Q4 Preview: Will over 400% YoY profit growth help dominate Swiggy?Zomato is likely to report strong Q4 growth, with revenue rising about 180% YoY and profit up nearly 430%, driven by Blinkit’s continued mo...
Swiggy, Zomato shares rally up to 8% as ICICI Securities reiterates buy ratingsSwiggy and Zomato shares rose after ICICI Securities reaffirmed its bullish outlook, citing attractive valuations and improved discretionar...
Kotak sees Zomato shares rallying up to 26%, maintains buy ratingKotak Institutional Equities reaffirmed a "buy" rating on Zomato, maintaining a target price of Rs 275, citing strong food delivery margins...
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...
Morgan Stanley sees 7-35% upside for new-age stocks"We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the competitive ...
Fundamental Radar: Why is Zomato poised for re-rating despite rich valuations? ICICI Sec answersGiven the outlook of a sharp profitability improvement in all three businesses of Zomato, ICICI Securities believes that valuations for the...
After nearly 100% return in 6 months, MFs fancy Zomato as top pick in August. Should you buy?Zomato reported a surprise net profit of Rs 2 crore for the June quarter, compared to a loss of Rs 186 crore a year ago, and a loss of Rs 1...
Jefferies’ Chris Wood adds Zomato to India portfolio; HDFC Life makes exitChristopher Wood, Jefferies’ Global Head of Equity Strategy, has added Zomato to his India and global long-only equity portfolios. The weig...
Zomato stock rises 3% as Q4 loss narrows. Should you buy or sell now?Shares of Zomato rose by almost 3% after the food delivery firm reported a lesser quarterly loss in Q4FY23. Zomato's loss of INR 188 crore ...
Hot Stocks: Brokerages on Mankind Pharma, Lupin, MGL, Zomato, Godrej ConsumerBrokerages have initiated coverage and maintained ratings on several companies, according to top brokerages sources. Antique has initiated ...
Brokerages see up to 133% upside potential in Zomato post Q3 showZomato shares slipped deeper into the red in the December quarter, as the company posted a consolidated net loss of Rs 347 core. >> For mor...
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 ...
Pair trade: Brokerage Citi overweight on Zomato, underweight on Info EdgeCiti's recommendation came at a time when US hedge fund Tiger Global reduced its shareholding in Zomato by selling 2.34 per cent stake or 1...
Zomato rallies 60% in 20 days to top Rs 60,000 cr m-cap; analysts see more upside in stockThanks to a 6 per cent intra-day rise in the counter, the market capitalization of Zomato swelled over Rs 62,000 crore during the day.Despi...
What CLSA has to say about Tata Motors, Zomato & ABFRLOn Tata Motors, CLSA has maintained an outperform rating with a target price of Rs 480 as it believes that pricing to remain strong on high...
Trend Spotting: Which MFs booked profit on Zomato after stellar listingIn August, when the one-month lock-in period for anchor investors ended, many rushed to book partial profits in the stock to capitalise on ...