Jefferies Cuts Zomato Stock To Hold As Quick Commerce Competition Heats Up

Jefferies Cuts Zomato Stock To Hold As Quick Commerce Competition Heats Up

New Delhi: Global brokerage firm Jefferies has downgraded Zomato’s shares to ‘hold’ as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability. Although valuations appear reasonable considering Zomato’s strong execution and growth opportunities, Jefferies is “worried on the rise in quick commerce competition.” Jefferies has set a…

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Zomato becomes a bigger company than Tata Motors and Bajaj Auto: Market-cap becomes ₹ 2.78 lakh crore, today its share will also be included in Sensex.

Zomato becomes a bigger company than Tata Motors and Bajaj Auto: Market-cap becomes ₹ 2.78 lakh crore, today its share will also be included in Sensex.

Mumbai37 minutes ago copy link Online food delivery company Zomato has now become a bigger company than Tata Motors and Bajaj Auto. The market cap of the company has reached Rs 2.78 lakh crore, more than these two automakers. After Thursday (December 19) trading, the market cap of Tata Motors on BSE stood at Rs…

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No change in the price of petrol and diesel: Hebrew University professor said – AI can lie, Mango founder dies in accident

No change in the price of petrol and diesel: Hebrew University professor said – AI can lie, Mango founder dies in accident

New Delhi13 minutes ago copy link Yesterday’s big news was related to the valuation of the top 10 companies of the country. The valuation of 5 out of the top-10 companies has increased by Rs 1,13,117 (1.13 lakh) crore after last week’s trading. IT company Infosys Limited will announce results on January 16 for the…

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Deadline for updating Aadhaar free extended by 6 months: From next year, you will be able to withdraw 50% of PF money from ATM, record 15,547 crore transactions.

Deadline for updating Aadhaar free extended by 6 months: From next year, you will be able to withdraw 50% of PF money from ATM, record 15,547 crore transactions.

Hindi News Business Business Brief Detailed Business News | Share Market, Aadhaar, Deadline, UADAI, UPI New Delhi44 minutes ago copy link Yesterday’s big news was related to Aadhaar card. Unique Identification Authority of India (UIDAI) has again extended the deadline for updating Aadhaar for free by 6 months. Now you will be able to update…

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