“Over the past 3–4 quarters, we saw increasing losses in quick commerce due to pricing wars, heightened competitive intensity, and marketing investments. So, it’s evident that the worst is behind us in terms of profitability and losses. From a medium- to long-term perspective, we expect the breakeven point to return for Blinkit — something we … 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
Shares of food delivery and quick commerce platform Swiggy have jumped nearly 5% over the past two trading sessions to Rs 347, following Morgan Stanley’s initiation of coverage with an ‘Overweight’ rating. The global brokerage has set a price target of Rs 405, implying a potential upside of 22% from the stock’s previous close. The … 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
“Good monsoons is by and large good for the country and, of course, there will be that odd issue in one sector or the other while monsoons are ahead of time, but by and large it should be good for the country,” says Anshul Saigal, Founder, Saigal Capital. This entire impact of early monsoon, I … 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
“Yes, PSU, the problem is PSU. As I keep saying again and again, as a consumer do I go to bank with the nationalised bank, I do not think most of us do,” says Ajay Srivastava, CEO, Dimensions Corporate. I do a word cloud of our today’s interaction. You have really emphasised on three words … 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
In a clear display of divergent strategies, foreign institutional investors (FIIs) and mutual funds took opposite calls on a clutch of new-age stocks during the March 2025 quarter. An analysis of 14 new age stocks shows that FIIs chose to cut their stakes 8 scrips in Q4FY25 compared to the Q3FY25, while mutual funds raised … Read more