Zomato shares may rise 22% backed by food delivery, Blinkit’s GMV growth: Kotak Equities
Kotak Institutional Equities has maintained a ‘buy’ rating on Zomato with a target price of Rs 305, expecting a 22.3% upside. The brokerage forecasts a 19% YoY growth in Zomato’s food delivery GMV and a 114% growth in Blinkit GMV. While Blinkit’s expansion may lead to widening EBITDA losses, its strong unit economics continue to […]
SRF, Navin Fluorine shares rally 14% as refrigerant gas price increase
Shares of SRF and Navin Fluorine surged 14% on Thursday after a report highlighted a sharp rise in global refrigerant gas prices. Supply constraints for key gases like R32 and R125 are creating challenges for the HVAC industry.
ETMarkets Smart Talk: Water and Renewable Energy – Niche themes with long-term growth potential in 2025, decodes Atul Singh
The Indian market enters 2025 with optimism tempered by caution. GDP growth is projected at 6.5%-7%, driven by domestic consumption and industrial expansion, positioning India as a resilient investment destination.
Reliance’s attractive valuations could make it a strong bet: Varun Saboo
Absolutely, I agree with you on the point that valuations have become very attractive out here and all businesses have been doing fine. So, I do not see any reason why Reliance should be here and we remain quite optimistic on it.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 8, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular […]
Q3 results today: TCS, Tata Elxsi, IREDA among 9 companies to announce earnings
TCS will release its Q3 earnings, with expected year-on-year revenue growth between 5.2% and 6.4%. Motilal Oswal forecasts an 8.1% PAT growth, while Kotak Equities anticipates deal wins of $9-10 billion. Analysts’ focus includes growth, deals, pricing, and BFSI trends.
Shriram Finance 1:5 stock split record date tomorrow: Last chance to buy
Investors have until today to purchase Shriram Finance shares to participate in the upcoming stock split scheduled for January 10. The company plans to split each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The split aims to enhance stock liquidity and […]
Davin Sons Retail IPO listing today. Here’s what GMP indicates
Davin Sons Retail shares are set to debut on the BSE SME platform with an expected 9% listing premium. The company received an impressive IPO subscription of 120 times. The proceeds will fund warehouse purchases, working capital, and general corporate purposes. Revenue saw a significant rise from Rs 3.91 crore in 2023 to Rs 13.39 […]
Stocks to buy today: Delta Corp, Waaree Energies and Tata Technologies on investors’ radar
Equity indices ended slightly lower on Wednesday due to investor hesitation ahead of the earnings season amid lower economic growth projections. Noteworthy stock movements include Delta Corp rising 3%, Waaree Energies falling 3%, and Tata Technologies gaining 0.37%. Analysts provided buy, sell, or hold recommendations based on technical analysis.
TCS’ operating efficiency to bring shine amid muted top-line show
TCS is expected to report a 0.4% sequential revenue drop for Q3 FY24 due to furloughs and currency headwinds. Net profit may grow 5.8% to ₹12,599.8 crore, supported by operational efficiencies and a weaker rupee.