Aswath Damodaran, a professor at NYU’s Stern School of Business, acknowledges both impressive and questionable aspects of Zomato’s expansion, particularly its shift towards becoming a last-mile delivery service in India. He plans to revisit Zomato for future valuations, stressing the dynamic nature of market valuation and the necessity for family groups to objectively inventory their holdings.
Posts in category Economic Times
Iran-Israel war: 14 Indian-listed companies with an Israeli connection (03-10-2024)
As tensions in the Middle East escalated with Iran firing more than 180 missiles into Israel, the repercussions were felt on Dalal Street, with the Sensex dropping over 1,300 points. Investors expressed concerns about the potential impact of the conflict on crude oil prices and global supply chains. However, for the 14 listed Indian companies operating in the troubled region, the overall impact may be limited.
SBI Securities initiates ‘buy’ rating on MCX, signals upside potential of 16% (03-10-2024)
SBI Securities has recommended a ‘buy’ on MCX with a 12-month target of Rs 6,743.60, citing strong volume growth, improved fee transparency, a TCS software partnership, new product launches, and attractive valuation. MCX holds a 97.84% market share and ranks globally in commodity trading.
Shares of HDFC AMC fall as Nifty drops (03-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 3864.15.
InterGlobe shares down 4.49% as Nifty falls (03-10-2024)
The stock quoted a 52-week high price of Rs 5033.2 and low of Rs 2363.85.
DLF shares drop 4.16% as Sensex falls (03-10-2024)
On the technical charts, the RSI of the stock stood at 50.42.
Share price of Ashok Leyland falls as Sensex drops 1354.19 points (03-10-2024)
A total of 395,028 shares changed hands on the counter till 12:47PM (IST)
Pidilite Ind shares drop 0.62% as Sensex falls (03-10-2024)
On the technical charts, the RSI of the stock stood at 59.01.
Nomura initiates coverage on 2 metal stocks, signals 19% upside potential (03-10-2024)
Nomura has initiated coverage on the 2 stocks with a buy rating and a target price of Rs 1,220 for JSW Steel and Rs 1,200 for JSPL.
Tata Power share price down 1.97 per cent (03-10-2024)
A total of 470,419 shares changed hands on the counter till 12:37PM (IST).