Zomato share price surged nearly 10 per cent in morning trade on Friday, August 2, to hit a fresh all-time high of ₹256.80, a day after the company reported its April-June quarter (Q1FY25) results. The stock opened 5 per cent higher at ₹244 apiece on the BSE. As Mint reported […]
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One97 Communications share price, which is the parent company of fintech platform Paytm, witnessed a 3 per cent downfall during Tuesday’s trading session. This decline occurred amid ongoing discussions with food delivery giant Zomato regarding the potential sale of its movie ticketing business. During intraday trading on the NSE, Paytm […]
Domestic brokerage firm JM Financial said in a new report that it is anticipating that two stocks will be added to the Nifty50 index while two others will be removed in the coming weeks. The NSE indices rebalancing announcement is scheduled for August, and the changes will take effect on […]
Zomato, Paytm, Nykaa, Delhivery, among other new-age tech stocks plunged up to 10% on Tuesday amid overall stock market meltdown. Dalal Street witnessed a bloodbath as the Sensex and Nifty 50 crashed 8% each after the trends in election results 2024 indicates a slim majority for the ruling NDA, falling […]
The brokerage reiterated its “underperform” call on the stock, with a target price of ₹96, implying a potential downside of 47 percent from Thursday’s close of ₹180.60. The escalating competitive landscape primarily influences the bearish target set by the global brokerage, as numerous e-commerce platforms venture into the quick commerce […]
The domestic equity market has been underperforming its major global peers amid sharp selling by foreign portfolio investors (FPIs), the delay in a US interest rate cut, cautiousness ahead of the Lok Sabha election outcome, muted Q4 results and a substantial increase in the India VIX. Over the past few […]