But the question remains: Is it still a good ‘buy’? Let’s see what technical and fundamental experts have to say. Stock Price Trend Zomato share price has surged over 200 percent in the last one year and over 30 percent in 2024 YTD. In comparison, the benchmark Nifty has advancedRead More →
Invesco, a US-based asset management company (AMC) , has recently raised the valuation of food delivery aggregator Swiggy to $8.3 billion, for the second consecutive time, regulatory filing said. According to the exchange filing, the valuation of the company is as on October 21, 2023. By the end of thisRead More →
“Volatility” sums up the last two trading sessions at Dalal Street. But given the overbought technical conditions, analysts say this shouldn’t be surprising. The Nifty 50 finished Tuesday at 21,665.80, down 76 points, or 0.35%, while the Sensex closed 379 points, or 0.53%, lower at 71,892.48. “Exciting news! Mint isRead More →
Stocks such as Paytm, PB Fintech, Zomato, CarTrade Tech, Nykaa, and Delhivery have all yielded positive returns thus far in the current year. Among these, Zomato managed to cross its IPO price and also delivered a multi-bagger return. Although commencing the year 2023 on a relatively negative note with aRead More →
New Delhi: Following are the stocks that could be in focus on Friday: Zomato: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated ₹1,127.5 crore, or $135 million, as per the term sheet of the blockRead More →
Indians overall were highly disappointed with the outcome of the ICC Men’s Cricket World Cup 2023. The event though brought cheer in certain sectors such as the online food delivery industry with companies like Zomato Ltd and Swiggy seeing a significant boost. “The online food delivery segment is likely toRead More →
Investors are keenly awaiting five initial public offerings (IPOs) this week, including the much anticipated one of Tata Technologies Ltd. That, and those of the Indian Renewable Energy Development Agency, Fedbank Financial Services (Fedfina), Flair Writing Industries and Gandhar Oil Refinery are expected to raise over ₹7,300 crore collectively. ButRead More →
As we plan for Samvat 2080 if we take a look back at equity markets in Samvat 2079. Samvat2079 has been a year of two halves . From the beginning of last Samvat to March 2023, markets were under pressure due to relentless selling by foreign investors. From October 2022Read More →
Zomato Ltd’s shares have gained as much as 15% since its September quarter (Q2FY24) results surpassed expectations, particularly on growth. Not only did more customers order last quarter, but the frequency of ordering was higher, too. This was largely driven by its loyalty programme—Zomato Gold— where the members doubled toRead More →
SoftBank’s venture capital fund SVF Growth, Singapore, will sell a 1.1% stake in Indian food delivery firm Zomato for 10.24 billion rupees ($123.24 million), CNBC TV-18 reported on Thursday, citing sources. SVF Growth will sell the stake at an offer price of 109.4 rupees to 111.65 rupees per share, at a 2%Read More →
