Despite initially eroding over half of investors’ wealth in the year following its 2021 listing, Zomato shares have since staged an impressive turnaround.The food delivery and restaurant aggregator has seen its shares clock a meteoric rise over the past 12 months, surging more than 250 percent in trade.The stock has outpaced all other global delivery majors, such as Deliveroo or Uber. However, a...

Zomato, Axis Bank, Bharti Airtel feature on Jefferies hotlist for next 5 years, With the US dollar clocking a CAGR of around 10-12 percent, the Indian equity market is likely to reach $10 trillion in market valuation by 2030, Jefferies notedBrokerage firm Jefferies has shared a list of its top 11 picks with the potential to deliver returns at a compounded annual growth rate of 15-25 percent over t...

Kotak is bullish on Zomato and sees a 24% upside on Blinkit's category additions, and average order value, Zomato's quick commerce arm Blinkit has been adding new categories, which has increased its average order value, Kotak has saidDomestic brokerage Kotak Institutional Equities is bullish on Zomato, as its quick-commerce arm Blinkit adds new categories to its platform to achieve higher average ...

New-age stocks have been falling for quite some time as overvaluation concerns overpowered growth exuberance in such new-age listed companies. Paytm share price is down 28% from its 52-week high, Zomato is down 44%, PB Fintech is down 39%, and Nykaa is down 54%. “Pricey Valuations coupled with lack of earnings visibility continue to plague several New Age stocks across segments and investors are...

Indian equity indices opened in red on Tuesday amid negative sentiment in global markets. The BSE Sensex fell 136.24 points or 0.22% to 61,031.55 and NSE Nifty 50 dropped 31.95 points or 0.18% to 18,165.50. The top gainers of the Sensex were Axis Bank, Bajaj Finance, Tata Motors, Tech Mahindra and State Bank of India while Reliance Industries Ltd, ITC, Sun Pharma, Bharti Airtel and Tata Steel were...