Equity markets declined on Monday, snapping its two-day gaining streak due to weak trends in the global markets. The 30-share Sensex dropped 616 points to settle at 73,502 and the broader Nifty slumped 160 points to close at 22,332. Stocks that were in focus included names like Zomato, which fell 3.16%, IndiGo, which rose 3.52%, … Read more
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
BENGALURU – Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. India’s several new-age internet companies that hit the markets during the IPO frenzy in 2021 jumped after listing but slumped eventually … Read more
Brokerage firm Axis Capital initiated coverage on RBL Bank with an add rating, Jefferies maintained a buy on RIL, UBS upgraded Gujarat Gas to neutral and UBS maintained a buy rating on Zomato. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Axis Capital on RBL Bank: ADD| … Read more
Brokerage firms such as Macquarie maintained an underperform rating on Zomato, while Kotak Institutional Equities recommended a Sell on GAIL India, CLSA upgraded Vedanta to underperform, and Jefferies maintained a buy rating on MAX Financial. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| … Read more
Brokerage firm Nuvama maintained a hold rating on Hindalco, Jefferies downgraded Biocon to underperform, Elara Capital recommended an accumulate rating on Zomato and Sharekhan recommended a buy rating on Schaeffler India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on Hindalco: Hold| Target Rs 508 Nuvama … Read more
Grasim Industries. Share Price 2168.60 03:59 PM | 19 Feb 2024 62.95(2.99%) Bajaj Finserv. Share Price 1620.15 04:07 PM | 19 Feb 2024 44.25(2.81%) Bajaj Auto. Share Price 8509.70 03:59 PM | 19 Feb 2024 184.66(2.22%) Cipla. Share Price 1470.35 04:07 PM | 19 Feb 2024 29.65(2.06%) ICICI Bank. Share Price 1043.75 03:59 PM | … Read more
Shares of food delivery app Zomato jumped over 4% on Friday and hit their fresh 52-week high of Rs 150.20 on the NSE on the back of strong December quarter earnings which handsomely beat Street’s estimates. Strong investor interest in the multibagger stock saw more than 7.32 crore shares changing hands on the NSE around … Read more
