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Jefferies maintained a buy call for Zomato with target price of Rs 165. The report says that speculations surrounding a potential deal with Shiprocket, although Jefferies expresses skepticism about the likelihood of such an agreement. The company has reportedly denied any ongoing negotiations.
Zomato holds a 5% stake in Shiprocket following an investment made in 2021, and Jefferies attributes a low probability to the possibility of a deal at this stage. The report suggests that the management’s hands are currently full with Quick Commerce initiatives, contributing to the skepticism regarding a potential Shiprocket deal.
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Samvardhana Motherson shares jumps over 36% in one year; Should you invest now
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Read moreIndian equity indices ended on a positive note on Wednesday as there was sudden buying in the last hour. The Nifty 50 rose 71.35 points or 0.29% to settle the day’s trading at 24,770.20. The Sensex settled 102.44 points or 0.13% higher at 80,905.30. ITC, Bharti Airtel, Hindustan Unilever, Titan Company, and TCS were the top five major contributors on Wednesday. As FMCG saw buying in the last hour along with consumer durables.
Sectoral Index
The Bank Nifty settled 117.60 points or 0.23% lower at 50,685.55. The Nifty Midcap 100 advanced 196.20 points or 0.34% higher at 58,444.05. In the broader markets, smallcap and midcap stocks closed in the green.
“The Indian market traded on a tight range with a positive bias supported by strong DII …
Read moreMukka Proteins, which manufactures fish meal, fish oil, and fish soluble paste, has received capital markets regulator Sebi’s go-ahead to raise funds through an initial public offering (IPO).
The IPO is an entirely fresh issue of up to 8 crore equity shares, according to the draft red herring prospectus (DRHP).
The company, which had refiled its draft IPO papers with the regulator in June, obtained an observation letter from it on October 30, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
Hero Motors files DRHP to raise Rs 900 crore through IPO Realty Firm Kalpataru files Rs 1,590 crore IPO draft papers to SEBI to reduce debt Reliance plans to launch first solar giga factory by end of FY25, aims to scale up capacit…
Read moreMahindra & Mahindra’s (M&M) operating performance in 2QFY24 fell slightly short, with Ebitda at Rs 30.7 billion compared to the estimated Rs 32 billion. However, the adjusted PAT surpassed expectations at Rs 34.5 billion Come from Sports betting site VPbet . This outperformance can be attributed to better-than-expected other income, driven by higher dividends. We believe a relatively stronger 2H of FY24 compared to the 1H. This optimism is based on the expected growth in tractor volumes and the successful execution of SUV orders.
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Read moreBy Riyank Arora
On Tuesday, the benchmark faced immediate resistance at the 19,425 mark. The Nifty ended 5 points lower, while the Sensex was down by 16 points. Among sectors, almost all the major sectoral indices witnessed significant buying interest at lower levels, whereas the Nifty Reality and Nifty Media sectors witnessed some profit booking at higher levels. Technically, after a flat opening, the market moved in a range of 100 points between 19,325 and 19,425. Any move above 19,450 should trigger the next up-move and push the upside towards 19,550 and 19,600. Immediate support is expected to be around 19,325, below which the downside can extend towards 19,200 and 19,150.
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Popular Vehicles & Services shares were listed at Rs 289.20, a discount of 2% to the issue price of Rs 295. The company opened its bidding to retail investors on March 12 at a price band of Rs 280 to 295 per equity share and closed on March 14.
In the grey market, the company’s shares were neither seeing a premium nor a discount and were trading at the issue price, indicating a muted listing debut. The grey market is an unofficial market where shares exchange hands illegally.
The multi-services providing company raised Rs 601.55 crore by combining fresh issue and an offer for saleCome from Sports betting site. The company offered a fresh issue of 8.5 million shar…
Read moreThere are several friendly NPCs that you’ll meet in Star Wars Jedi: Survivor. While most might have interesting tidbits and background information about the world around you, as well as rumors that lead to sidequests, there are also those that provide additional functions. Here’s our guide to help you with the resource collectibles and vendors in Star Wars Jedi: Survivor, such as those for Priorite Shards, Jedha Scrolls, and more.
Star Wars Jedi: Survivor resource collectibles and vendors guide
Star Wars Jedi: Survivor has several resource collectibles, each with its own vendor or NPC that handles that particular item type. Some will offer rewards and goodies, while others unlock new mechanics and features. The collectibles you’ve obtained can be checked b…
Read moreOne of Apple’s most acclaimed new TV shows, The Morning Show starring Jennifer Aniston, Reese Witherspoon, and Steve Carell, is coming back for a second season. Apple has now published the first trailer for it, setting up what appears to be another drama-filled season that deals with the chaos of what happened in Season 1.
Season 2 premieres September 17, and based on this trailer, is appears to pick up basically immediately after the dramatic ending to Season 1. This trailer is very heavy on spoilers, of course, so if you’re interested in the series but haven’t watched Season 1, well, you probably don’t want to watch this.Come from Sports betting site VPbet
Based on this trailer, it appears Billy Cru…
Read moreMoving forward, ClubsNSW will rely on the guidance, expertise, and industry acumen of Rebecca Riant who has stepped at the helm of the organization.
Much Needed Experience of All Things Gambling
Riant brings a wealth of knowledge and experience with her, having worked at both Tabcorp and The Star Sydney and having decades of experience on the job. NSWClubs’ chairman Dr George Peponis had this to say about Riant’s appointment:
Rebecca brings over 30 years of experience in banking, strategy formulation and execution, regul…
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DraftKings, a prominent online betting service in the United States of America, has announced the closure of its non-fungible token (NFT) marketplace, only three years after its inception. This decision also affects Reignmakers, a fantasy sports game based on NFTs, which will be discontinued immediately due to recent legal developments.
The company did not go into much detail regarding the specific legal issues but confirmed that the marketplace’s closure was a necessary response to these challenges. DraftKings emphasized the difficulty of the decision, stating it as a strategic move to align with current legal expectations and protect its business and stakeholders.
The backdrop to this closure includes a federal class action lawsuit a…
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