Zomato
10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
Paytm deal could be Zomato's largest buyout after Uber Eats, Blinkit | Key points
What's the deal with Paytm and Zomato? What's happening with their shares, and how will it affect both companies? Let's take a look at all that in today's ET Markets Decoder. Watch!Paytm deal could be Zomato's largest buyout after Uber Eats, Blinkit | Key points
Paytm shares fall 3% amid reports of talks to sell movie ticketing business to Zomato
If the deal goes through, it will be among the largest buyouts for Zomato after it acquired Uber Eats in 2020 and took over quick commerce platform Blinkit in 2021 in an all-stock deal valued at Rs 4,447 crore.
Stocks in news: Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS
Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.
Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal
As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.
Hot Stocks: Brokerage view on Zomato, M&M, Vedanta and Infosys
JPMorgan maintained an overweight rating on Zomato with a TP of Rs 208. The brokerage said Zomato has been successful in some acquisitions, like Uber Eats India, Runnr, and Blinkit, while Nomura maintained a buy rating on M&M and raised the TP to Rs 3,374.
Hot Stocks: Brokerage view on Kaynes Technology, Zomato, Birlasoft and MGL
Global investment bank Morgan Stanley has maintained an overweight rating on Kaynes Technology but raised the target price to Rs 3,845 from Rs 2,440, while Macquarie maintained a sell rating on Zomato with a target price of Rs 100.
FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of selling
Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.
Trent, BEL likely Nifty entrants in September rejig, trump Jio Financial, Zomato. Here's how
Trent and BEL are expected to enter Nifty in the September rebalancing of NSE indices, as per JM Financial estimates, which are based average free float market capitalisation.
TRADERS’ CORNER: Pharma stock promises 6% profit; food delivery player steps ahead with 7%
Nifty opened positive but volatility gripped it soon. But it maintained its gains to close positive.
Jefferies' Wood picks GMR Airports, reduces weights in three banks
Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.
Hot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M
Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
What clearing vendor dues via equity means for firms
Vodafone Idea's board approved preferential allotment of equity shares to Nokia and Ericsson to clear dues. Vi's vendor ATC Telecom also benefitted from stock market gains. Vi's move to dilute equity for debt repayment is uncommon in listed companies.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Delivery boxes unhealthy: Nutritionist calls out Swiggy and Zomato over plastic containers; Zomato CEO responds
Celebrity nutritionist Luke Coutinho recently called on food delivery platforms Swiggy and Zomato to switch to biodegradable, non-plastic containers for food packaging. Highlighting the health risks of using plastic, especially for hot foods, Coutinho's appeal emphasized the need for safer food delivery practices. Zomato CEO Deepinder Goyal responded positively, promising to highlight restaurants that use food-safe packaging, while Swiggy is yet to respond.
LIC, YES Bank among 78 stocks that can enter F&O list if Sebi changes rules
Sebi proposes to revise criteria for derivatives market, potentially adding 78 stocks like LIC, Zomato, YES Bank. Changes include higher thresholds for order size, market-wide position limits, and introducing Product Success Framework for single-stock derivatives after 6 months.
Market Trading Guide: Zomato, DMart among 4 stock recommendations for Thursday
Rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The 30-share BSE Sensex jumped 2,303 points to settle at 74,382 on value buying in banking, auto and oil shares. The NSE Nifty climbed 736 points to 22,620.35 with all its constituents ending with gains. "Nifty moved above the crucial hurdle of mid part of Tuesday's long range bear candle around 22,250 on Wednesday and closed higher. As per this theory, the next crucial hurdles to be watched are around the upper part of that candle, around 23,200 levels. The volatility is expected to continue for the short term and immediate support to be watched at 22,300 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. Here are 4 stock recommendations for Thursday:
8 stocks closed crossing above VWAP on June 4
On June 4, the closing prices of eight stocks from the Nifty500 pack rallied over 2% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data. When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.
Zomato shares fall 6% on ESOP headache but target prices rise up to Rs 280. Should you buy, sell or hold?
Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.
Zomato shares rise 2.54% as Nifty gains
The stock quoted a 52-week high price of Rs 207.3 and a 52-week low of Rs 72.55.
Zomato shares may surge 18% as Blinkit likely to drive upside: Emkay Global
Emkay Global raises Zomato's target price from Rs 170 to Rs 230 per share, projecting an 18% upside potential, factoring in Blinkit's growth. With increased EPS and EBIT estimates, Blinkit's improved product-market fit drives valuation changes, indicating market expansion in metros and large cities.
Kunal Kamra vs Zomato: Comedian criticizes CEO Deepinder Goyal’s World Record announcement, says 'You’re such a hack'
Comedian Kunal Kamra criticized Zomato CEO Deepinder Goyal on social media after Goyal announced that Zomato set a Guinness World Record for the largest first aid lesson at a single venue. Kamra questioned the working conditions and average income of Zomato's delivery partners, contrasting these concerns with Goyal's focus on the record. The post received mixed reactions, with some praising the achievement while others called for better treatment and health insurance for delivery partners.
Dare to buy these 8 multibagger stocks trading above 100 PE multiples?
Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.
Hot Stocks: Brokerages view on AB Capital, Zomato, UPL and Varun Beverages
BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.
Zomato-Paytm deal will be a win-win for both companies: Pankaj Murarka
Stock might look a bit rich in terms of near-term valuations over the next four or six quarters, but I still think from a medium-term perspective the outlook for the group and business or stocks continues to remain positive.
Buy Zomato, target price Rs 250: JM Financial
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 164259.65 Crore) operating in Services sector.
Trent, BEL may replace LTI Mindtree, Divi’s in Nifty rejig
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
Zomato confirms discussions to acquire Paytm’s movies, ticketing business
Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16. The company added that "no binding decision" has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore.
Zomato launches feature to show users their cumulative order count on app
Zomato introduced a feature that shows the total number of orders placed across India right after you place your own order. This gives you a glimpse of how many orders are happening on the platform in real-time.
Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 2,000 crore
Zomato’s interest in acquiring Paytm's events and movie ticketing business is in line with the Gurgaon-based company's efforts towards capturing consumer demand across categories like food, grocery and entertainment. If the transaction goes through, it will be the second biggest acquisition for Zomato after it acquired quick commerce platform Blinkit in 2022 in an all-stock deal for Rs 4,447 crore.
Stocks in news: Bharti Airtel, Bharti Hexacom, Patanjali Foods, Zomato, Shriram Finance, TCS, Vedanta
Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.
Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life
Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.
Rs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action
In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.
Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding
Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.
Paytm likely in talks with Zomato to sell movie ticketing business
Paytm is in advanced talks to sell its movie and events ticketing business to Zomato amid declining sales. The move is part of Paytm's revival strategy after reporting its first sales decline, triggered by regulatory actions. The potential sale aims to help Paytm refocus on core businesses like travel and cash backs.
Startups’ pink slip count falls to 10,000 amid funding blues
Firing in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off over 600 after sister company Ola Cabs fired around 200 workers in late April. Industry executive told ET, even with the slowdown in layoffs, startups are still not out of the woods.
Goldman Sachs raises Zomato's target price to Rs 240; stock jumps 3%
Goldman Sachs raised Zomato's target price to Rs 240, hinting at a 30% upside. Blinkit's projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.
Zomato shares zoom 5% after a Re 1 hike in platform fee; halts intercity deliveries
Zomato's shares rose 5% to Rs 197.80 after raising its platform fee by 25% to Rs 5 per order. With 2.0-2.2 million daily orders, this increase could significantly boost earnings.
A quick look at Zomato’s Rs 2,300 crore investment in Blinkit
Food delivery company Zomato will infuse Rs 300 cr into its quick commerce unit Blinkit, we reported on June 11. With this, Zomato has infused nearly Rs 2,300 cr since acquiring Blinkit in August 2022. Zomato will pump Rs 100 cr in Zomato Entertainment Pvt Ltd – the unit that runs the company’s live events and ticketing business.
Power sector may report solid growth in next 4-5 years: Manish Sonthalia
All in all, as long as the growth continues I do not think there is any reason to get worried about Zomato just yet. I mean, of course, competition is something which we need to watch out for and it is a very strong competitor who has announced intentions to get into the quick commerce and the food delivery space but it is a high entry barrier business I would believe, not so easy to get in and take market share.
Zomato’s Rs 300-crore Blinkit boost; Ola Electric gets IPO nod
Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit. This and more in today’s ETtech Top 5.
Zomato to infuse Rs 300 crore in quick commerce unit Blinkit as battle intensifies with Swiggy, Zepto
Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit, as per filings made with the RoC. With this, Zomato has infused nearly Rs 2,300 crore since acquiring Blinkit in August 2022. Zomato will pump Rs 100 crore in Zomato Entertainment Pvt Ltd – the unit that runs the company’s live events and ticketing business.
After Zomato makes a request to customers due to heatwave, a netizen offers a 'Rs 800' solution
With many parts of India experiencing a prolonged heatwave, Zomato has urged customers to avoid ordering food during peak afternoon hours unless absolutely necessary. This request, posted on X (formerly Twitter), has generated varied reactions from netizens.
Jio Fin, Adani Green, Zomato among cos eligible for F&O
Nuvama Alternative & Quantitative Research identifies potential F&O stocks like Zomato, YES Bank, and Jio Financial among others. Sebi's proposed changes may see 78 new stocks entering the segment.
New-age stocks recover post poll results; Ixigo IPO launch
A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
Zomato, ABB India among 5 largecap stocks that hit new 52-week highs on Monday
Indian shares declined on Monday while volatility climbed with key equity benchmarks giving up most gains made this year on concerns over the outcome of ongoing national elections and sustained selling by foreign investors. However, in today's trading session, 5 largecap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
9 stocks held by over 100 MFs in April surge over 50% in CY24
Investors tend to be confident about a stock when it's held by multiple mutual fund schemes. In the month of April 2024, 153 stocks were found in the portfolios of over 100 mutual fund schemes. In ETMarkets' recent analysis, 32 of these stocks saw their prices surge by over 25% in CY24 and are held by more than 100 mutual fund schemes. Among these, nine stocks have recorded gains between 50% to 80% in CY24 till now. (Data Source: ACE MF, ACE Equity).
Zomato shares fall 3.04% as Nifty gains
A total of 1,660,666 shares changed hands on the counter till time (IST).
Zomato requests customers to not order food during afternoon hours; netizens say 'close down the services': Here's why
Zomato has urged customers to avoid ordering food during peak afternoon hours unless absolutely necessary, amidst the intense summer heat in India. This request, posted on the social media platform X on June 2, has sparked mixed reactions. While some users criticized the company for not suspending services during the hottest hours, others appreciated the concern for delivery partners' well-being.
A pivotal event for online commerce; and other top tech, startup stories
Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.
Zepto’s mega fundraise; Oyo funding gets shareholder nod
Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.
Zomato’s 260% stock surge has analysts scrambling to catch up
Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc. and HSBC Holdings Plc.
Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart
Company to double dark-store count to 700, taking on rivals Blinkit, Swiggy Instamart and Big Basket’s BB Now; DST Global, Lightspeed Venture Partners, Avenir Growth Capital and Avra joined as new investors in the round led by Glade Brook Capital, StepStone Group and Nexus Venture Partners.
Hot Stocks: Brokerages view on Nestle India, Bajaj Finance & ACC; Goldman raises Zomato target price
Brokerage firm Goldman Sachs maintained a buy rating on Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.
We remain very positive on capital goods, defence, and manufacturing: Hemant Shah
Notably, multinational companies in this sector, such as those in bearings and chemicals, have posted exceptionally strong numbers. Therefore, we remain very positive on capital goods, defence, and manufacturing.
Zomato, RIL among top 10 stock holdings of Franklin Templeton Mutual Fund
The fund house had an AUM of Rs 96,692 crore as on May 2024 and manages 39 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Mutual Fund
Auditor of Zomato subsidiaries resigns
The food tech platform's auditor Deloitte Haskins & Sells has been appointed in its place to make the audit process more efficient.
Stock prices of new-age firms swing on poll results
Major new-age companies including Zomato, Paytm, Delhivery, Nykaa and PB Fintech saw their stock prices plummet on Tuesday. However, as the broader markets recovered some losses on Wednesday, these stocks also saw their prices rise. This plunge followed massive gains on Monday when exit polls had suggested a clear mandate for the ruling Bharatiya Janata Party (BJP).
JM Financial raises target price for Zomato by 30% to Rs 260
JM Financial raised Zomato's price target to Rs 260 from Rs 200, citing Blinkit's rapid growth. The firm expects Blinkit to surpass Zomato's food delivery business, emphasizing industry tailwinds and strong balance sheet. Zomato's strategic priorities include expansion of dark-store network and enhancing product offerings.
7 stocks from Nifty Next 50 index that have surged up to 379% from their lows
Here are stocks that have been seeing the most movement and gains in the Nifty Next 50 index. According to Prabhudas Lilladher, these emerging giants hold immense potential. Take a look:
Big movers on D-Street: What should investors do with Dabur, Inox Wind and Zomato?
Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday.
The Pant Project raises $4.25 million in maiden funding round
The Pant Project will use the funds for offline retail store expansion, branding and marketing, technology development, and team growth, Dhruv Toshniwal, cofounder of the company told ET. The company gets about 60% of its revenue from top-tier cities such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Pune, and Ahmedabad, and the balance 40% from tier II cities.
RIL, Zomato among 10 companies that saw highest increase in mutual fund holdings in March
Around 10 companies saw the highest increase in mutual fund holdings in March, according to a press release by Prime Database. Here is the list of companies.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
RBI, payment industry meet discusses contours of new draft PA guidelines
The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.
eBikeGo plans to expand e-two-wheeler fleet to 1 lakh units by FY26
eBikeGo, under the leadership of founder and CEO Irfan Khan, plans to expand its e-two-wheeler fleet to 1-lakh units by FY26, targeting the growing last-mile and e-commerce segment.
Sare jahan se achhi biryani hamari
India ordered 2.5 plates of biryani every second in 2023, with one veg biryani for every 5.5 chicken biryanis ordered. This trend extends to iftar, with 6 million plates ordered from Mar 12 to Apr 8. Biryani is not just for vegetarians or non-Hindus, and Swiggy's most-popular order for the eighth year in a row is as secular as the roti and as diversely consumed as India itself.
Zomato, Godrej Properties among 6 large and midcap stocks that hit new 52-week highs on Monday
Indian shares inched higher in choppy trading on Monday, as a drop in the state-owned lenders limited gains from the country's information technology stocks on rising hopes of U.S. rate cuts. Meanwhile, in today's trading session, six large and midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
Bluestone’s new investors; states & semicon hubs
Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
Third Wave Coffee will add over 50 stores, expand to new cities: CEO Rajat Luthra
Third Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, with a focus on Chennai, as stated by new CEO Rajat Luthra. The expansion comes as new-age coffee brands such as Blue Tokai, Subko Coffee and AbCoffee have seen a rush of venture capital.
Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Quick may click with electronics too: Instamart, BBNow, others plan to extend superfast delivery to handsets, white goods by Diwali
Swiggy Instamart, Zomato, and BigBasket plan to expand quick commerce services to electronic products and white goods categories, delivering within 10-45 minutes by Diwali.
Paytm appoints Rajeev Agarwal to board; Neeraj Arora resigns
Paytm has appointed former Sebi whole time member Rajeev Krishnamuralilal Agarwal to the board as non-executive independent director as Neeraj Arora had resigned citing "personal commitments".
DPIIT’s action plan for startups; Infy’s push for Hubballi campus
In its action plan for the first 100 days, the DPIIT will focus on early-stage startup funding and a lesser burden of compliance for businesses. More on this on today’s ETtech Top 5.
Food delivery companies lean on existing users for growth
In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.
Yes Bank among10 largecap & midcap block deals last week
The Kotak Bank block deal value stood at Rs 2,915 crore and about 1.83 crore shares exchanged hands.
IAMAI seeks two-month extension of deadline for declaring vehicle fleet details
IAMAI, representing food delivery giants Zomato and Swiggy, ride-hailing companies Ola, Uber, and Rapido, has requested a two-month delay from the Delhi government for these platforms to report on their existing vehicle fleets.
What to do with Paytm, HUL, Adani Green and 3 other stocks? Aamar Deo of Angel One decodes
Markets are inherently intelligent by nature and structure, and given the kind of election mandate, markets had factored in the anti-incumbency & challenges that the government would face in the elections.
As Hyundai India eyes listing, here are some of nation's biggest IPOs
Hyundai Motor's Indian business filed draft papers for a potential large IPO in India to enhance its brand image and increase liquidity.
Delhi poll body partners with Rapido, Zomato, Swiggy to encourage voter turnout
Delhi's Chief Electoral Officer, P Krishnamurthy, announced that over 100,000 polling personnel have been deployed for the May 25 elections, with measures in place to combat the intense heat wave. Special initiatives include 70 "pink" polling stations run by women, 70 model polling stations with enhanced facilities, and polling stations staffed entirely by persons with disabilities in each parliamentary constituency.
Looking for long-term investment ideas? Check out these 5 stocks
Here is a look at stock ideas for investors that have an investment horizon of a year or more. (Data: MOSL | Upside scope as of Monday's close)
Hot Stocks: Brokerage view on Zomato & TCS; Exide could double in next 1 year
CLSA maintained an underweight rating on TCS post March quarter results and reduced the target price to Rs 3941 from Rs 4043 earlier.
Big movers on D-Street: What should investors do with HDFC Bank, Zomato and CAMS?
Here's what Santosh Meena, Head of Research at Swastika Investmart, StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Singapore govt's Indian investment's soar: 7 stocks rally over 150% in a year
The Government of Singapore (GoS) is a big FII player in Indian stocks. In their recent March quarter's shareholding report, they revealed their ownership in 60 BSE-listed companies, totaling about Rs 2,50,118 crore as of April 26, 2024. The disclosed list includes companies where the GoS has over a 1% ownership, but it might only cover some of their investments. According to ETMarkets analysis, their portfolio of 14 stocks experienced remarkable growth, with share price returns more than doubling in the past year. Furthermore, most of these stocks have given double-digit returns during the same period. We have highlighted the top seven stocks that have surged over 150% in the past year. (Data Source: ACE Equity)
BLive launches EZY EV rental program for last-mile delivery partners
BLive introduces the EZY EV Rental Program for last-mile mobility partners, addressing financial challenges. Rentals start at INR 1500/week, promoting EV integration. A 'Rent to Own' model allows riders to own EVs after 36 months. Survey by Robas Research shows 77% of delivery riders own EVs. Samarth Kholkar is optimistic about reducing carbon emissions.
We are a little cautious on Bhel; trimmed position in Zomato and PB Fintech: Sanjiv Bhasin
Sanjiv Bhasin advises caution on Bhel stock due to parabolic rise, suggests focusing on rail stocks instead for investment opportunities. Bhasin says we would say be a little cautious, wait out, hear the commentary and let some corrections come in because now you are chasing a parabolic rise which may not last for long.
Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
Food delivery cos bet on existing users; Infosys CEO interview
Happy Tuesday! With user growth stagnating, Zomato and Swiggy are prodding existing customers to order more. This and more in today’s ETtech Morning Dispatch.
Restaurants face the heat in summer of '24, business drops by up to 40 per cent
Temperatures in and around Delhi have hit all time highs this summer. On May 29, the day's maximum temperature of 46.8 degrees Celsius, recorded at the primary weather station Safdarjung Observatory, was a 79-year high. It broke the previous record of 46.7 degrees Celsius, registered on June 17, 1945. In Najafgarh area, temperatures soared even higher.
Zomato Q4 Results: Firm posts profit of Rs 175 crore vs loss YoY, but misses estimates
Zomato Q4 Results: Zomato reported a net profit of Rs 175 crore for the quarter ending March 31, 2024, compared to a loss of Rs 188 crore in the previous year period, with operations revenue increasing by 73%.
Buy Zomato, target price Rs 230: Emkay Global Financial Services
Emkay Global Financial Services has buy call on Zomato with a target price of Rs 230.
Scoop: DST Global, Lightspeed, others may join Zepto’s financing round valuing it at about $3 billion
Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.
Zomato Q4 Results Preview: Steady earnings on cards after solid few quarters
Zomato Q4 Results Preview: In the previous quarter, the food delivery platform saw a remarkable surge in its net profit, skyrocketing nearly fourfold (283%) quarter-over-quarter to reach Rs 138 crore. Furthermore, revenue from operations in the third quarter showed a robust 69% year-over-year increase, reaching Rs 3,288 crore. These figures underscore the platform's substantial growth and increasing demand for its services during that period.
What to do with Zomato, Cochin Shipyard and 4 other stocks? Aamar Deo of Angel One decodes
Ahead of the June 4 general election, India VIX nears 30, causing high volatility. Analyst advises caution in investing light amid market rally driven by Modi and Amit Shah's statements. RBI's record dividend payout boosts market sentiments. Watch Nifty and Bank Nifty levels for market trends. Consider diversifying among large caps, midcaps, and small caps.
Indians get hooked on 10-minute grocery apps, squeezing small retailers
India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates precisely, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasising the need for speed in the entire process.
Indians get hooked on 10-minute grocery apps, squeezing small retailers
India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasizing the need for speed in the entire process.
IPO gold rush for investors; second-hand EV sales sputter
Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in today’s ETtech Morning Dispatch.
How investors struck gold in the new-age IPO boom
In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past one month. Their investors, including Peak XV Partners, Elevation Capital, ChrysCapital and TVS Capital and A91 Partners, are sitting on multiple returns from some of these investments.