Zomato’s stock drops more than 7% due to a slowdown in the food industry and a PAT decline After Zomato admitted to a slowdown in its meal delivery business and posted lower-than-expected December quarter results, the company’s shares fell more than 7% on Monday, closing the day at Rs 230.70 on the NSE. Zomato’s Stock…
China vs. India: A conundrum for stock market investors as India faces three downsides According to Macquarie, China’s recent reversal is only an effort to de-risk and underwrite growth ambitions, with policies still lacking support from the standpoints of real estate and consumer. Weakening GDP growth, high EPS expectations of 17%, and the historically highest…
Shares of Bajaj Auto fall more than 11% as Q2 underwhelms D-St. Is it better to purchase or sell? Bajaj Auto Share Price: After the company’s Q2 FY25 profits fell short of forecasts, shares of Bajaj Auto fell more than 11%. At Rs 2,005 crore, the net profit increased by 9%. With ratings ranging from…
