While Nifty ended with week-on-week gains of 1.5%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 14,602 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the … Read more
Shares of Zomato rose 3% in Thursday’s early session to its day’s high of Rs 280.65, inching towards its all-time high level after the global brokerage firm UBS maintained a buy rating on the stock with a target price of Rs 320 on the back of company’s growth optimism. UBS in its note stated that … Read more
Shares of Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across … Read more
Mumbai: The revised rules on eligibility criteria for stocks to be part of futures and options could result in the inclusion of 64 to 80 stocks and the exclusion of 18 to 23 from the segment, said analysts. Jio Financial and Zomato are strong contenders for being part of the equity derivatives segment, according to … Read more
Driven by domestic inflows and renewed optimism about a potential Fed rate cut in the September meeting, the market has demonstrated a broad-based recovery and reached new highs. Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty’s best week in two months, extending its winning streak to … Read more
“So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the worst is behind them,” says Vinit Bolinjkar, Ventura Securities. How did you assess … Read more
Dinshaw Irani, CEO, Helios MF, says in the case of India, the real interest rates have been very high all along and that is why we always believe that the private sector, given the paucity of demand and the fact that the real interest rates are so high, will not undertake capex at this point. … Read more
Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. “We … Read more
Paytm on Tuesday announced the completion of transferring its events and movie ticketing business to Wasteland Entertainment and Orbgen Technologies. Additionally, Zomato has subscribed to the share capital of both these subsidiaries. Following the update, shares of Paytm rose 2.5% on BSE to the day’s high of Rs 559.65, while those of Zomato gained nearly … Read more
Domestic markets kicked off the week on a positive note, driven by a dovish stance from the US Fed. In today’s trade, shares of Ultratech, Paytm, HCL Tech, Gland Pharma, GPT Infra will be in focus due to various news developments. Sameera Agro And InfraSameera Agro And Infra’s board of directors on Monday approved the … Read more
