Online delivery firm Eternal’s stock dipped nearly 9% despite strong December quarter profits, driven by investor concerns over escalating competition. Slower store expansion boosted profitability, but increased spending to accelerate quick commerce growth may impact future earnings. Analysts maintain ‘buy’ ratings but have trimmed target prices.
Sensex slumps 583 pts, Nifty below 24,000; 7 key triggers
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices,