ICICI Bank, ITC, SBI, HCL Tech & Axis Bank were the top gainers on Sensex. While L&T, HUL, Reliance Industries, NTPC & IndusInd Bank were the laggards
According to Motilal Oswal, the company continues to strengthen the key drivers of its success in India over the last decade
Most analysts on the street are of the opinion that Zomato's continuous focus on unit economics and growth keeps the long-term story intact.
In the morning trades, Zomato continued its upward trajectory and was trading at Rs 138.90 implying a premium of 82.76% over its issue of Rs 76 on NSE
At open, Sensex rose 117 points or 0.22% to 52,955, while the Nifty 50 advanced 31 points or 0.20% to 15,855
The market share of the top-10 listed developers has increased from 11% in 2011 to 27% in 2020 and is expected to improve further from here
Sensex ended 638 points or 1.22% higher at 52,837, while Nifty 50 settled at 15,824, up 191 points or 1.23%
Going debt-free, bonus issue, acquisition, preferential issue are some of reasons behind 161% rally in Brightcom Group share over the last month
Rakesh Jhujhunwala bought 2.17% stake or 1,00,00,000 shares of Indiabulls Housing Finance during the June quarter.
Zomato is likely to finalise the share allotment status today, July 22, as per the schedule mentioned in the red herring prospectus