Big movers on D-Street: What should investors do with LIC, Zomato and Bharti Airtel?

Big movers on D-Street: What should investors do with LIC, Zomato and Bharti Airtel?

Benchmark indices rebounded on Wednesday amid a largely firm trend in global equities. The 30-share Sensex rose 89.64 points to settle at 72,101 and the Nifty climbed 21.65 points to finish at 21,839. Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose … Read more

Will you filter vegetarian delivery workers, gig union asks Zomato

Will you filter vegetarian delivery workers, gig union asks Zomato

Reacting to Zomato’s plans of rolling out a ‘pure veg fleet’, the Telangana Gig and Platform Workers Union (TGPWU), a body that works for the welfare of gig workers, sought to know whether the food delivery app would also filter out delivery workers who are vegetarian. TGPWU president Shaik Salauddin, in a statement, said: “If … Read more

Zomato says its new ‘pure veg’ fleet will continue to wear red instead of green as originally announced

Zomato says its new ‘pure veg’ fleet will continue to wear red instead of green as originally announced

Zomato’s new ‘pure veg’ fleet. A day after launching ‘pure veg’ fleet, Zomato makes changes in the partners’ uniforms “All our riders — both our regular fleet, and our fleet for vegetarians, will wear the colour red,” Zomato founder Deepinder Goyal said in the latest update. Popular food delivery and restaurant aggregator Zomato has decided … Read more

Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife Food

Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife Food

Brokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, HSBC maintained a buy rating on Zomato and Morgan Stanley recommended equal weight stance on AB Capital. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Westlife Foodworld: … Read more

Big movers on D-Street: What should investors do with Zomato, IndiGo and RVNL?

Big movers on D-Street: What should investors do with Zomato, IndiGo and RVNL?

Equity markets declined on Monday, snapping its two-day gaining streak due to weak trends in the global markets. The 30-share Sensex dropped 616 points to settle at 73,502 and the broader Nifty slumped 160 points to close at 22,332. Stocks that were in focus included names like Zomato, which fell 3.16%, IndiGo, which rose 3.52%, … Read more

Hot Stocks: Brokerages view on SBI, Voltas, Zomato, Maruti and HDFC Bank

Hot Stocks: Brokerages view on SBI, Voltas, Zomato, Maruti and HDFC Bank

Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target … Read more

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

India’s biggest FII bought stakes in 8 stocks for the first time in Q3. Take a look – Portfolio Watch

India’s biggest FII bought stakes in 8 stocks for the first time in Q3. Take a look – Portfolio Watch

Grasim Industries. Share Price 2168.60 03:59 PM | 19 Feb 2024 62.95(2.99%) Bajaj Finserv. Share Price 1620.15 04:07 PM | 19 Feb 2024 44.25(2.81%) Bajaj Auto. Share Price 8509.70 03:59 PM | 19 Feb 2024 184.66(2.22%) Cipla. Share Price 1470.35 04:07 PM | 19 Feb 2024 29.65(2.06%) ICICI Bank. Share Price 1043.75 03:59 PM | … Read more

Multibagger Zomato jumps 4% on robust Q3 show. Should you buy at current levels?

Multibagger Zomato jumps 4% on robust Q3 show. Should you buy at current levels?

Shares of food delivery app Zomato jumped over 4% on Friday and hit their fresh 52-week high of Rs 150.20 on the NSE on the back of strong December quarter earnings which handsomely beat Street’s estimates. Strong investor interest in the multibagger stock saw more than 7.32 crore shares changing hands on the NSE around … Read more

Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITC

Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITC

Brokerage firm Jefferies downgraded ITC to hold and upgraded Lupin post Q3 results. Macquarie maintained an underperform rating on Zomato and an overweight rating on Page Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ITC: Hold| Target Rs 420Jefferies downgraded ITC to hold from … Read more