Edelweiss Mutual Fund, led by CEO Radhika Gupta, increased its holdings in 401 stocks and reduced its stake in 117 stocks in May, according to monthly data from Prime Database. Some of the key stocks where the fund house raised its holdings include HDFC Bank, State Bank of India, Eternal, Reliance Industries, Cipla, PNB Housing … Read more
“Having said that, both players are in a very aggressive capex mode to improve and increase their dark stores, in fact, double their dark stores over the next four quarters and therefore the kind of expectations that one really has from an earnings perspective and from a cash flow perspective, they are definitely going to … Read more
In the NSE Large Cap pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 5, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above … Read more
With Q4 earnings and the limited risk of further equity dilution already priced in, global brokerage Morgan Stanley has reiterated its bullish stance on Eternal (formerly Zomato), naming it its top pick in the food delivery and quick commerce space, with a target price of Rs 320 on the stock. The target price reflects the … Read more
Food delivery company Eternal, formerly known as Zomato, is staring at a passive outflow of $840 million as global index majors FTSE and MSCI plan to slash the stock’s weightage in their portfolio. This follows a reduction in the Foreign Ownership Limit (FOL). In FTSE All World Index, the investability weighting from 82.74% to 49.5%.This … Read more
“Fertilizer sector is definitely a long-term space to be invested in, but it is important at what price you enter. You should enter into these stocks when no one is talking about it and the stocks correct 10-15%,” says Neeraj Dewan, Market Expert.Want to get your sense on the QSR space that we have seen. … Read more
Shares of Zomato (Eternal) and Swiggy rose up to 3.3% on Friday after both companies removed the rain surcharge waiver from their membership programs. This means that even paying subscribers of Swiggy One and Zomato Gold will now have to bear an additional ‘rain fee’ during inclement weather. The surcharge, which ranges between Rs 15 … Read more
Eternal, formerly known as Zomato, is likely to report solid revenue growth in the fourth quarter, but the profitability is likely to take a severe hit. Analysts expect March quarter revenue growth to come in at 62% YoY, with a solid contribution from Hyperpure and Blinkit revenues. There are varied estimates for profit. For instance, … Read more
The Indian stock market will remain closed on Thursday, May 1, on account of Maharashtra Day. According to the holiday calendar of the exchanges BSE and NSE, all market segments including equity, derivatives, and SLB (Securities Lending and Borrowing) will remain shut for the day. Despite the market being closed, several important companies like Adani … Read more
The fund house increased its stake in 350 stocks which includes Eternal, HDFC Bank, Jio Financial Services, RIL, Shree Cement, Tata Motors, Adani Green Energy, Eicher Motors, Tata Elxsi, ONGC, Petronet LNG, PNB Housing Finance, ACC, HFCL, and Zydus Lifesciences. Source link