Motilal Oswal has reiterated a “Buy” rating on Zomato stock, claiming it has found “no evidence” of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious “Neutral” stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still “serve as a key platform in the food delivery space”. In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.
Sustained deal momentum, discretionary pick up hint at a better FY26 for Infosys
Infosys reported better-than-expected revenue and net profit growth for Q4 2024, increased its FY25 revenue guidance, and plans to hire more freshers. The steady recovery
January 16, 2025