With Zomato planning to expand its business, its outlook appears to be constructive, say analysts
Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.
Goyal said that the fall in market was due to the global sell-off in growth tech stocks
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations.
With the last four day's decline, the stock price of Zomato has tanked 33 per cent from its 52-week high of Rs 169.10 hit on November 16, 2021
Zomato ends 9% down, slips below listing price; Supriya LifeScience tanks 18% on disappointing Q3 earnings; Adani Wilmar IPO to open on Jan 27; price band fixed at Rs 218-230 apiece
The stock has declined 11% in the last four trading sessions, and now trades closer to its record registered on its debut day, July 23, 2021.
Zomato founder Deepinder Goyal said, "We're deeply aggrieved by death of our delivery partner Salil Tripathi in an unfortunate road incident. We are extending all possible support to help the family"
Zomato, Nykaa, Adani Enterprises, Dabur among 20 firms to join the list
Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate beginning Saturday
Zomato logs 6,000 orders per minute at around 7pm; Swiggy says it hit 6,600 orders per minute.
A customer in Ahmedabad placed this year's biggest order, worth Rs 33,000.
A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg
Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies
The NSE index has now declined nearly 11 per cent from its all-time in the last two months; Midcap and Smallcap indices were down over 3 per cent each
Online food delivery platform Zomato on Tuesday announced senior level hirings with ex-Unilever executive Anjalli Ravi Kumar joining as Chief Sustainability Officer and Nitin Savara as Deputy Chief Financial Officer. The company has consistently focused on corporate sustainability and Kumar's appointment is to take "our initiatives to the next level and ensure our growth is sensitive to both environment and society", Zomato said in a statement. A Harvard Kennedy School alumnus, Kumar worked as Unilever as Global Sustainability Director. She is a recipient of the Unilever Global Heroes Award in 2017 for launching a unique mobile skilling programme that reached over a million women in five countries, it added. She has also worked with KPMG's Climate Change Advisory practice in the past, the company said. On the other hand, Savara who was earlier a Partner at EY, will work with Zomato CFO Akshant Goyal. His core areas of expertise are finance, tax, M&A and deal structuring and had ..