Amid improving profitability and strong revenue growth, a clutch of India’s internet-focused stocks have shed the tag of being just great business models without earnings. An analysis of the Nifty India Internet index shows eight stocks delivering double-digit returns of up to 80% when India’s headline index Nifty has slipped 1.4%. Leading the rally is … Read more
After a volatile start to the week, the Nifty index has shown signs of recovery, trading flat at 24,840 on Friday. Market experts point to technical cues suggesting a possible upward momentum in the near term. CA Rudramurthy BV, a seasoned market analyst, highlighted the shift in market patterns over recent sessions. “Last week on … Read more
Eternal (formerly known as Zomato) has become the top pick in the mutual fund portfolios in August, receiving the highest investment of Rs 7,200 crore, beating down some big names such as Infosys, Paytm, HDFC Bank, ICICI Bank, and others, according to a report by Nuvama Institutional Equities. The report further highlights that the stock … Read more
The Government of Singapore (GoS) continues to be a major force among foreign investors in Indian equities. An ETMarkets analysis spotlighted 9 standout stocks from the GoS portfolio that have delivered impressive gains of 25–60% in FY26 so far. Source link
“If I was to pick something within the new-age companies, I definitely would go with Swiggy or Eternal or Policybazaar and not Nykaa,” says Hemang Jani, Independent Market Expert.What is it that you are making of the market structure? I guess, all things in control at least when it comes to the macro data points, … Read more
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