Zomato’s stock has dropped 30% from its peak in early 2025, leading to concerns about its growth trajectory. The company reported a significant loss in Blinkit due to heightened competition and substantial investments. Nevertheless, Zomato is committed to expanding Blinkit, Hyperpure, and quick restaurant delivery services, despite mixed analyst opinions on its future prospects.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.