News for Zomato Limited (ZOMATO.NS)

Nineteen out of the 33 new-age tech stocks under Inc42's coverage gained in a range of 0.15% to slightly under 19% this week

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.

India's top 500 companies achieved a record-breaking ₹15 lakh crore in net profit in FY25, driven by strong performances in agriculture, chemicals, and telecom, despite widespread earnings downgrades. While FY26 earnings forecasts have been revised downward, analysts remain optimistic about sectors like defence and telecom, anticipating continued growth and resilience in the face of economic uncertainties.

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.

Bajaj Auto Ltd., JSW Steel Ltd., M&M Ltd., Trent Ltd., and Hindalco Industries Ltd. were among the top gainers of the NSE Nifty 50 on Monday. Meanwhile, Eternal Ltd., Ultratech Cement Ltd., Kotak Mahindra Bank Ltd., Power Grid Corp., and Sun Pharmaceutical Industries Ltd. were among the biggest laggards.

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.

Indian high net-worth individuals invested in Swiggy, Eternal, and Jio Financial Services during the March quarter. They exited Nykaa and Premier Energies. HNI holdings in NSE-listed firms decreased by Rs 1.02 lakh crore. Nitco Ltd. saw a significant increase in HNI stake. UBS maintains a positive outlook on Indian equities. Foreign institutional investors have been net buyers recently.

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

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

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

Eternal's shares rebound despite Q4 profit drop, receiving buy recommendations from brokerages with cautious outlook.

Baron India Fund declined in the first quarter of 2025, in line with its benchmark, the MSCI AC Asia ex Japan/India Linked Index. Read more here.

Top gainers & losers intraday April 28: Reliance, Bharat Electronics, Sun Pharma, JSW Steel and Tata Steel led the gainers of Nifty 50 constituents, while Shriram Finance, Eternal (Zomato), HCL Tech, Bajaj Finance and Nestle depreciated.

Fifteen out of the 32 new-age tech stocks under Inc42’s coverage gained in a range of 0.15% to over 8% this week

Top gainers & losers today - Tata Consumer Products, SBI, Kotak Mahindra, Hindustan Unilever and Eternal (Zomato) lead. HDFC Bank, Kotak, IndiGo hits 52-week high. Waaree Energies, Mahindra Logistics, HCL Tech, Anant Raj, Tata Investment in focus due to Q4 results.

Zepto has now reportedly changed the name of its registered entity from Kiranakart Technologies Private Limited to Zepto Private Limited

Panacea Biotec, Sangam Renewables, NACL Industries, Gallantt Metal and Narayana Hruday, hit their fresh 52-week highs at 10:14AM.