Macquarie raises Zomato’s target price to Rs 130 but maintains an ‘underperform’ rating due to growth risks. Zomato’s competitor Swiggy also attracts mixed ratings from brokerages.
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
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and
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