News for Zomato Limited (ZOMATO.BO)

Zomato and Swiggy shares declined following Rapido setting significantly lower commission rates for its food delivery foray, ranging from 8–15% compared to the 16–30% charged by the established players. This move has resonated with restaurant owners who have voiced concerns over the high costs associated with Zomato and Swiggy.

India Business News: Eternal Limited shares saw a significant jump. This surge follows Morgan Stanley's positive outlook. Eternal's Q4 earnings showed a profit decline. Ho

Eternal shares: The rally was largely driven by Morgan Stanley reaffirming its ‘Overweight rating on the stock, with a maintained target price of Rs 320 per share.

Morgan Stanley remains bullish on Eternal (formerly Zomato), naming it a top pick with a target price of Rs 320, citing market leadership and a strong balance sheet. The brokerage projects India's Quick Commerce TAM to reach US$57 billion by 2030, driven by rapid customer growth.

Equity indices decline with metal, auto, and IT stocks, Sensex and Nifty down, while some sectors show resilience.

Equity indices rise on global optimism, IT sector shines, while domestic triggers remain weak, awaiting GDP data and RBI policy.

Domestic markets rose sharply on Monday, marking a second straight day of gains, driven by strong buying in IT and auto stocks. Sentiment improved on news of delayed US-EU tariffs, a rising rupee, and monsoon optimism.

Equity benchmark indices rebounded after opening flat as US Treasury yields ease. IT and consumer stocks drove the market surge, while pharma and healthcare stocks slipped to trade in negative territory in the mid-trading session.

Despite market euphoria, top-performing PMS funds are strategically loading up on 36 unique stocks. These portfolios, delivering strong returns in April, reveal focused bets on midcap financials, digital disruption, and select plays in real estate and defence. While some experts caution against trend-driven segments, these holdings offer insights into where seasoned investors are placing their capital.

Analysts predict the scrip will be under pressure in the near future, as some early investors may seek an exit despite Swiggy trading below its IPO price.

Sanjeev Bikhchandani: InfoEdge saw 36% returns from startup investments since 2007, while its AIF investments yielded 18.7% returns. The company invested Rs 3,959.16 crore, now with a fair value of Rs 36,855 crore. InfoEdge invested in 111 companies, of which 76 companies received follow-on investments. Oldest investments Zomato and Policybazaar have matured recently, and Bluestone Jewellery has filed for listing.

Seventeen out of the 32 new-age tech stocks under Inc42's coverage gained in a range of 0.13% to over 10% this week

Amid its increased focus on quick commerce, Swiggy has temporarily shut down its delivery service Swiggy Genie

Baron Global Advantage Fund declined during the first quarter of 2025, underperforming its benchmark, the MSCI ACWI Index.

Swiggy's Bolt food delivery service expands to 500+ cities, offering quick meals from popular restaurants with high retention rates.

Elevation Capital is the largest shareholder in Urban Company, holding 10.84% equity via Elevation Capital V Limited on a fully diluted basis as of the date of this draft red herring prospectus

Equity indices fluctuate mid-session, Sensex slightly up, Nifty down; sectoral indices negative, Adani Group stocks rise, IndusInd gains.

Eternal shares: The company reported a 78% year-on-year drop in net profit to Rs 39 crore for the March 2025 quarter, even as revenue from operations jumped 64% YoY to Rs 5,833 crore.

Eternal Q4 Net Profit: Eternal, formerly Zomato, has reported a significant 77.71% drop in consolidated net profit to ₹39 crore for Q4 FY25, compared to the previous year's same quarter. Despite this, the company achieved a full-year net profit of ₹697 crore, a substantial increase from FY24. Its total expenses for Q4 FY25 were Rs 6,104 crore, up from Rs 5,533 crore in Q3 FY25 and Rs 3,636 crore in Q4 FY24.