"There will be pauses and corrections in every bull markets but I don't see why stock markets can't move higher from here"
Anchor investors behave pretty much like retail investors in India where some profits are booked and some stay invested.
In just two days, Zomato shares have wiped out nearly Rs 12,000 crore of investors' wealth.
ICICI Securities sees 46% and 33% annualised revenue growth over the next 5 and 10 years.
For the financial year ended March 31, 2020, Grofers witnessed a turnover of Rs 165.27 crore
Zomato has completed the acquisition of 9.16% shareholding in Grofers India for Rs 518.21 crore
The successful IPOsin the recent months reflect the continued boom in the Indian technology sector, the central bank noted.
Zomato has invested $100 million (around Rs 745 crore) for acquiring a minority stake in Grofers
The latest data available showed that the money manager held more than four crore shares of the recently listed firm Zomato
Brokerage houses remain positive on the stock despite the EBITDA loss as the company is in its early stages of growth