Sanjiv Mehta, Executive Chairman, L Catterton India & Former Chair & CEO, HUL, says this decade and beyond, India will be to consumption, what China was in the previous two decades. We have all the fundamentals in place to see sustained growth, and not only in the GDP of the country. But if the GDP … Read more
Citing the rapid growth of the quick commerce (QC) economy, brokerage firm Bernstein has maintained its ‘Outperform’ rating on Zomato and revised its target price to Rs 330, suggesting an upside potential of 16% from the previous day’s closing price of Rs 283.9. Bernstein points out that initial assumptions about QC, such as it being … Read more
Vikash Kumar Jain, Investment Analyst, says CLSA has a proprietary India bull-bear index which is at an extremely bullish level, getting close to 90% bullish, typically around the levels where a corrective pullback is feared. When something like this happens without any big worry or a red flag can at times mean shallow corrections or … 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
Shared mobility services provider Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for … Read more
“I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year,” says Ramanpreet Sohi, CFO, Honasa Consumer.It has been a good all-round performance for … Read more
