Citi On L&T TechSell Call, Target At `4,435/ShQ3 Revenue & EBIT Were Slightly Better Than ExpectedForward-Looking Indicators Include Revenue Guidance (Including Acquisition)Revised Organic Guidance Is Also Forward LookingHighest Ever Large Deal Bookings, As Per Mgmt, On the Back Of A Weak Q2Nomura On L&T TechNeutral Call, Target At `4,900/ShStrong Performance At Both Revenue And Margin Levels Was ...

Hong Kong-based brokerage CLSA reiterated its 'outperform' rating on restaurant aggregator Zomato Ltd, adding the firm to its 'high conviction' list, amid the ongoing correction in the stock.CLSA also hiked the target price to Rs 400 per share, indicating a 64 percent upside from current levels. The recent correction in the stock price, which has fallen 20 percent from its 52-week high, is an oppo...

Replicating Zomato’s cost-advantage model is challenging for competitors, especially given its market share and higher advertisement revenues, said Ambit Asset Managers in its monthly newsletter to its shareholders while retaining Zomato as its core holding in its portfolios in December.It stated that while many competitors resort to cash-burning strategies and heavy discounting, these approache...

The benchmark indices snapped their five-day winning streak on December 6, falling moderately due to small profit bookings following the RBI event. However, the market breadth remained positive, with 1,484 shares advancing compared to 999 shares that declined on the NSE. The market may remain rangebound over the next few sessions, but the overall trend remains bullish. Below are some trading ideas...

The benchmark indices closed the rangebound session flat with a positive bias on December 6, maintaining an upward trend for the fourth consecutive day. The market breadth was positive, with about 1,495 shares advancing against 995 losing shares on the NSE. The market is likely to consolidate further, while the overall trend remains in favor of the bulls. Below are some trading ideas for the near ...