Zomato shares dropped 5% after Q2 profits fell short of expectations. Despite a 389% year-on-year profit increase, analysts expected higher figures. Brokerages have mixed opinions on the stock, with some raising target prices and others expressing concerns about profitability in the quick commerce segment. Nomura remains optimistic about growth potential.
Posts in category Economic Times
Add ICICI Prudential Life Insurance Company, target price Rs 825: HDFC Securities (23-10-2024)
HDFC Securities recommends adding ICICI Prudential Life Insurance with a target price of Rs 825. The current price is Rs 730.75. ICICI Prudential reported a net profit of Rs 252 crore in the September quarter. The company’s total income rose to Rs 25,229 crore. Assets under management increased by 18 percent.
Shares of Bandhan Bank rise as Nifty gains (23-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 198.87.
Regulatory clearance to boost Paytm’s growth outlook: Rahul Jain (23-10-2024)
So, it is kind of a one year of hiatus and they are back to where they were ex of one or two product. So, yes, there is no reason why it should not go back to where it was and probably extend beyond.
Mphasis shares rise 2.14% as Sensex climbs (23-10-2024)
A total of 4,973 shares changed hands on the counter till 10:09AM (IST)
Sensex rises! But these stocks are down 5% or more on BSE (23-10-2024)
In the Nifty pack, 26 stocks were trading in the green, while 23 stocks were trading in the red.
Buy Hyundai Motor India, target price Rs 2,345: Motilal Oswal Financial Services (23-10-2024)
Motilal Oswal Financial Services recommends buying Hyundai Motor India, setting a target price of Rs 2345.0. The current market price is Rs 1845.5. Hyundai’s diverse model portfolio and alignment with industry trends position it well for future growth. Expected earnings CAGR is 17% between FY25-27, and HMI’s UV mix has significantly improved since FY16.
SRF stock price up 3.8 per cent as Sensex climbs (23-10-2024)
As of 30-Sep-2024, promoters held 50.26 per cent stake in the company, while FIIs held 18.29 per cent and domestic institutional investors had 9.8 per cent.
Stock market update: Sugar stocks up as market rises (23-10-2024)
The 30-share BSE Sensex was up 195.76 points at 80416.48
Varun Beverages shares up 3.4% as Nifty gains (23-10-2024)
A total of 130,239 shares changed hands on the counter till 09:58AM (IST).