Zomato Share Price: Zomato shares are set to gain attention as the company announces its Q2FY25 earnings today. Expected net profit could jump between 585% and 662% YoY, with revenue growth between 61% and 80%. While Nuvama and ICICI Securities have varying projections, both predict significant revenue boosts driven by strong volume growth in food delivery and associated businesses.
Posts in category Economic Times
Hyundai India shares to list today. Will it light up D-Street? (22-10-2024)
Hyundai India shares debut today after the country’s largest IPO, with estimates suggesting a 3-5% gain over the issue price. Despite the issue being fully subscribed only on the last day, the company’s strong market position and focus on electric vehicles hint at promising long-term investment potential.
Big movers on D-Street: What should investors do with Manappuram Finance, Raymond Lifestyles and 360 One Wam? (22-10-2024)
Benchmark indices Sensex and Nifty closed lower on Monday due to a sharp decline in Kotak Mahindra Bank and continuous foreign fund outflows. Manappuram Finance fell significantly after RBI restrictions on NBFCs. Raymond Lifestyles and 360 One Wam showed varied performance, with technical indicators showing possible recoveries under certain conditions.
Q2 results today: Bajaj Finance, Paytm, Zomato among 70 companies to announce earnings on Tuesday (22-10-2024)
The earnings season sees 70 companies, including notable players like Bajaj Finance, Adani Green, Zomato, and Paytm, reporting their Q2 results for July-September 2024. Key expectations include significant revenue and profit jumps for Zomato and Bajaj Finance, while Paytm may face widened losses despite higher revenue growth.
Dollar steady at August high on US rates view, election (22-10-2024)
The U.S. dollar remains strong, supported by rising Treasury yields and Fed rate cut expectations, amid a tight upcoming election. Analysts predict 25 basis points rate cuts in November and December. Trump’s potential win adds uncertainty, while Japan’s election on Oct. 27 draws attention with optimism for the ruling LDP and coalition partners.
Fed needs to continue to cut rates, Daly says (22-10-2024)
San Francisco Fed President Mary Daly affirmed that the U.S. central bank is expected to persist in cutting interest rates, currently at 4.75%-5%, aiming for a ‘soft landing’ with 2% inflation and a healthy labor market. She emphasized the importance of easing the policy rate to avoid excessive tightness that could harm employment.
The Lalit likely to file for IPO in FY26, eyes Rs 1,800 crore (22-10-2024)
The IPO size may be between ₹1,500 crore and ₹1,800 crore, though the final decision is still some time away and will depend on several factors, including the market situation, said another person aware of the New Delhi-based hotel chain’s plans.
Four Fed policymakers favor more rate cuts, but differ on pace (22-10-2024)
Four Federal Reserve policymakers express support for interest-rate cuts but differ on speed and extent. Three prefer gradual reductions, citing economic strength and uncertainty, while San Francisco Fed President Mary Daly favors continued cuts given falling inflation. The Fed’s decision is expected at the November policy meeting.
Dow, S&P end down as Treasury yields rise, investors eye earnings (22-10-2024)
The Dow Jones and S&P 500 closed lower on Monday following record highs, attributed to rising Treasury yields and investor caution over high valuations. Major companies like Tesla and Coca-Cola are set to report earnings. The technology sector saw gains, while rates-sensitive sectors declined.