The brokerage has downgraded Zomato from ‘Buy’ to ‘Neutral’, and cut its price target to ₹250 per share, and Swiggy to ‘Underperform’ from ‘Buy’ with price target slashed to ₹325.
Groww’s Ishan Bansal sees structural shift in derivatives participation post regulatory changes
Derivatives business faces a structural reset post FY25 regulatory changes, with growth now driven by a smaller but stable customer base, increased market volatility, and