Why Zomato Share is Falling Today: Zomato share price dropped by 11.43% after reporting a 57% decline in Q3 net profit to Rs 59 crore. Revenue rose by 64% to Rs 5,405 crore. Analysts have mixed ratings: UBS and Nomura maintained ‘Buy’ ratings, while Macquarie rated it ‘Underperform’. BofA expects Blinkit’s losses to persist but anticipates strong growth.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285