Further, Blinkit is expanding its SKU’s offerings to newer things which in turn leads to requirement of Bigger warehouse in congested urban areas as well as lower inventory turnover for many items, which can negative effects on Margins. Grocery is very difficult business but mixing grocery with Electronics as well as clothing is very difficult.
SBI is Nomura’s top pick, says PSB well set to deliver on asset quality (09-10-2024)
Nomura has reaffirmed its ‘Buy’ rating for SBI, maintaining a target price of Rs 980. This target suggests a potential upside of approximately 25per cent from the previous closing price of Rs 781.
Oil prices steady after sliding on potential Israel-Hezbollah ceasefire (09-10-2024)
Oil prices stabilize in Asian trading, balancing Middle East conflict uncertainties with bearish fundamentals. Brent crude rises slightly to $77.29 a barrel, and U.S. West Texas Intermediate to $73.60. Price fluctuations follow market reactions to geopolitical tensions, U.S. crude stock increases, and the potential impact of Hurricane Milton on Florida’s fuel supply.