Zomato's current valuations are too punchy and factor in aggressive growth forecasts
Need to wait to find out whether there are signs of capital infusion or any support from the government for Vodafone
Those who invested in the stock at the lows of March 2020 have also made a quick buck amid the ongoing rally in the domestic equity market
Higher slippages should be looked at in the context of no moratorium, negligible use of restructuring, already improving recoveries.
"Buy the dips as the Nifty is likely to move further . I see the Nifty touching 16,600 in the next 5-7 sessions."
Shares of the company traded 0.27% higher at Rs 423 at around 9.18 am (IST). On the other hand, the benchmark BSE Sensex was up 0.06% at 54,400
The MPC, a six-member team headed by RBI governor Shaktikanta Das, had left the rates unchanged last time, citing concerns about inflation.
Gemstone Equity Research and Advisory is positive on Apollo Hospitals with a target price of Rs 3,900
Zomato enjoys the first-mover advantage and has built a strong brand name and recall across India. as per RedSeer.
Markets have always faced selling pressure here in the past. There are chances of positive momentum sustaining.