Continuing its stock rally post the announcement of large block deal worth ₹88.2 crore, Zomato share price continued to trade in green on Wednesday. At 9:56 am, Zomato shares were trading 1.61% higher at ₹58.72 apiece on BSE on Wednesday. Notably, the company shares witnessed a massive 8 per centRead More →
Mumbai: Primary markets are poised to cool further this year as anchor investors who burnt their fingers in new-age technology IPOs in 2021 turn wary at a time of darkening market mood, investment bankers said. These investors, many of them foreign portfolio investors, might prefer the safety of traditional sectors,Read More →
Shares of Info Edge (India) Ltd were down by more than 10% during trading hours on Monday on the NSE. The company slipped into losses in the December quarter (Q3FY23) owing to recognition of impairment charge of Rs276 crore on investment in 4B Networks Pvt. Ltd due to uncertainty inRead More →
Zomato Ltd’s financial results for the three months ended December (Q3FY23) were hurt owing to demand slowdown in the food delivery business in a seasonally strong quarter. The segment’s gross order value (GOV) was up merely 0.7% sequentially to ₹6,680 crore. For perspective: in the June and the September quarters,Read More →
