Zomato hits record high, bucking internet stocks’ sluggishness

Zomato hits record high, bucking internet stocks’ sluggishness

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

Hot Stocks: 3 stocks that may give returns upto 38%

Hot Stocks: 3 stocks that may give returns upto 38%

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more

Strictures leave IPO financing at a dead end

Strictures leave IPO financing at a dead end

Mumbai: The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and … Read more

Big Movers on D-Street: What should investors do with SBI Cards, Nykaa, RVNL?

Big Movers on D-Street: What should investors do with SBI Cards, Nykaa, RVNL?

Indian equities ended marginally down on Friday, but benchmark indices clocked weekly gains for the third consecutive time. The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans. This move saw shares of … Read more

Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others

Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others

Various widely tracked companies like Varun Beverages, Power Grid Corporation, Shree Cements, Tata Power, Adani Ports, LIC, ONGC, Eicher Motors, RVNL, and M&M, will be releasing their September quarter report cards this week. Here’s a list: November 6 Varun Beverages, Divi’s Laboratories, Adani Energy Solutions, Max Healthcare Institute, Linde India, NHPC, Bharat Forge, The Fertilisers … Read more

Mamaearth may see itself as a thing of beauty; it’s not so for investors yet

Mamaearth may see itself as a thing of beauty; it’s not so for investors yet

ET Intelligence Group: Honasa Consumer, popularly known by its flagship brand Mamaearth, is rolling out a ₹1,700 crore IPO that includes a fresh issue of ₹365 crore and the rest an offer for sale. The Peak XV (earlier Sequoia Capital)-backed company is touted to be India’s largest digital-first beauty and personal care company and has … Read more

Hot Stocks: Brokerage view on Zomato, Star Health, Zydus Life and NYKAA

Hot Stocks: Brokerage view on Zomato, Star Health, Zydus Life and NYKAA

Brokerage firm Morgan Stanley maintained an overweight rating on Zomato while CLSA maintained a buy on Star Health. Also, Jefferies recommended a hold on Zydus Life and Morgan Stanley remained overweight on NYKAA. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Zomato: Overweight| Target … Read more

Nykaa shares drop 11%. Here’s what troubled investors after Q1 results

Nykaa shares drop 11%. Here’s what troubled investors after Q1 results

Shares of FSN E-Commerce Ventures, which operates online beauty and fashion retailer Nykaa, fell over 11% to the day’s low of Rs 130.10 on the NSE on Monday after a clutch of brokerages spelt out growth headwinds in their post earnings review of the stock. BofA, which has taken a neutral view on the counter, … Read more

Hot Stocks: Brokerages on VRL Logistics, Nykaa, Titagarh Wagons and MGL

Hot Stocks: Brokerages on VRL Logistics, Nykaa, Titagarh Wagons and MGL

Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more

Here’s why Pankaj Murarka is bullish on consumer tech stocks

Here’s why Pankaj Murarka is bullish on consumer tech stocks

” I think these businesses, their profitability, meaning I do not see any reason, it might sound slightly audacious but I do not see any reason why these companies, let us say, 10 years out, cannot make 400-500 million dollars of profit,” says Pankaj Murarka, Renaissance InvestmentYour portfolio must be right at the top of … Read more