BofA has a buy view on the Zomato counter for a price target of Rs 110. It sees momentum remaining strong with a clutch of catalysts likely helping the company to further get a re-rating. The platform fee, World Cup and Swiggy IPO re-rating could be the likely triggers. Blinkit shareholder lock in expiry opens August 5
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may