Macquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and strong Quick Commerce growth, it said.
Shiprocket shares gain 3% as Q1 net loss narrows to Rs 14 crore in first earnings post IPO; revenue up 34% YoY
Shiprocket reported a narrower consolidated net loss of Rs 13.7 crore in Q1FY27, compared with Rs 18 crore a year earlier, while revenue from operations