Saturday, November 9, 2024

Jefferies

Beauty and fashion retailer Nykaa may grow at 20% CAGR till FY27: Jefferies

News
Beauty and fashion retailer Nykaa is expected to post a compound annual growth rate (CAGR) of about 20% from FY24 to FY27, brokerage firm Jefferies said. This growth rate is considered a baseline case, where the upside...

ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics

News
ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR 300. This indicates a potential increase of over 67% from the stock's previous...

Zomato among Jefferies’ top picks for next five years, anticipates 2.5X share price increase by 2029

News
Zomato has secured a spot among Jefferies' "top picks" for the next five years, with the brokerage predicting a 2.5X increase in the foodtech...

Zomato shares surge 6.2% after robust Q3 earnings; touches fresh 52-week high

News
Following robust Q3 FY24 earnings, shares of foodtech major Zomato surged as much as 6.2% during intraday trading on Monday (February 12), touching a...

Zomato’s strong Q3 performance spurs brokerage firms to boost price targets; Blinkit expansion drives optimism

News
Brokerage firms such as Jefferies, Nuvama, and Kotak have increased their price targets (PT) for Zomato stock following the foodtech giant's announcement of a...

Zomato allots 10.88 Crore equity shares for employee stock options ahead of Q3 FY24 earnings

News
Foodtech giant Zomato has allocated 10.88 crore equity shares under its multiple employee stock option plans (ESOPs) ahead of its Q3 FY24 earnings. Zomato announced...

Motilal Oswal Mutual Fund divests 4.5 Cr Zomato shares in INR 621 Cr block deal

News
Motilal Oswal Mutual Fund initiated an open market transaction on Monday, shedding 4.5 crore shares of the leading foodtech company Zomato. According to data from...

Zomato’s stock dips 3% following INR 622 Cr block deal transaction

News
Zomato's stock experienced a nearly 3% decline in early Monday trading, following a block deal involving approximately 4.5 crore shares of the food delivery...

Zomato’s bull run continues as Goldman Sachs and Jefferies raise price targets post HSBC’s lead

News
Following HSBC, Goldman Sachs and Jefferies have raised their price targets (PTs) for Zomato, a leading foodtech company, due to robust growth in its...

Swiggy lays groundwork for mega IPO launch; taps top banks for key advisory roles

News
Food delivery giant Swiggy is in the process of shortlisting seven investment banks to act as advisors, as the Softbank-backed firm prepares for the...

Zomato’s stock surges 1.7% as investors show increasing faith in the company’s growth

News
Zomato's stock witnessed a 1.7 percent surge in trading activity on the NSE on September 18. This noteworthy uptick can be primarily attributed to...

Zomato’s rising stock price draws Jefferies’ Christopher Wood for increased investment

News
According to reports, Christopher Wood, the global head of equity strategy at Jefferies brokerage firm, is said to be planning to further increase his...

Zomato’s stock hits one-year high, surges 53% in two months, investors bullish

News
In the past two months, the shares of Zomato Ltd have witnessed a remarkable surge, leading to a fresh one-year high. With an impressive...

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