Macquarie maintained an underperform rating on Zomato but raised the target price to Rs 96. The brokerage said that Zomato demonstrated improved unit economics, while also showing stronger growth in quick commerce in the past few quarters.
Investors must moderate return expectations, stick to asset allocation: Nilesh Shah
Nilesh Shah of Kotak AMC remains optimistic about consumer discretionary spending, citing tax rebates, reduced EMI burdens, and the upcoming 8th Pay Commission. He favors
June 30, 2025