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.
Reliance Power shares rally 5% to hit fresh 52-week high amid volume surge and clean energy order win
Reliance Power shares: Reliance Power’s recent gains follow its May 28 announcement that subsidiary Reliance NU Energies received a Letter of Award from SJVN for
June 2, 2025