Motilal Oswal has reiterated a “Buy” rating on Zomato stock, claiming it has found “no evidence” of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious “Neutral” stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still “serve as a key platform in the food delivery space”. In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate
December 8, 2025