The US data since the last FOMC meeting were mixed as the Manufacturing PMIs remain below 50 since the start of the year while labour market still remains tight as seen in ADP figures. Meanwhile, the non-farm payrolls continued to decline over the past 2 months, showing early signs of moderating Jobs growth
Zomato shares advance 7% as CLSA adds stock to ‘high conviction overweight’, raises target price to Rs 400
Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its “High Conviction Overweight” list and raising the target price
January 16, 2025