Eternal, parent of Zomato and Blinkit, saw shares jump despite a profit dip. Revenue grew strongly, fueled by quick commerce. Blinkit’s performance is notable. Brokerages maintain ‘Buy’ ratings. Motilal Oswal raised the target price to Rs 330. Elara increased its target to Rs 340. Nuvama set its target at Rs 320.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs