Veteran investor Shankar Sharma has weighed in on the debate surrounding Lenskart’s upcoming initial public offering, stating that the eyewear retailer’s valuation is under unfair scrutiny. In a post on X (formerly Twitter), he remarked: “I have never bought any specs (I don’t wear specs) ever, but one thing is crystal clear from my lens: … Read more
Shares of food delivery firm Eternal slid 4.2% to their day’s low of Rs 333.75 on the BSE on Friday, October 17, after the company reported a sharp 63% year-on-year (YoY) decline in its consolidated net profit for the September quarter. The net profit stood at Rs 65 crore in Q2 FY26, down from Rs … Read more
Mid-tier IT services company LTIMindtree on Thursday reported a 12% YoY growth in its consolidated Q2 net profit at Rs 1,401 crore versus Rs 1,251 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s shareholders. The company’s revenue from operations in the quarter under review stood at Rs 10,394 … 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
“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