Zomato shares surged 21% since June 4, outperforming the Sensex’s 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SMAs with a 1-year beta at 0.6. Axis Securities noted sustained buying activity and net profit.
The gamification of India’s investment landscape decoded
India’s retail investment boom is driven by tech and gamification but raises risks. Regulatory reforms on transparency, investor education, and gamification practices are essential to
November 15, 2024