Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. Q1 Earnings Zomato’s consolidated net profit for Q1FY25 skyrocketed to ₹253 crore, up from ₹2 crore a year ago, driven by increased gross order value across its food delivery, quick commerce, and going-out verticals. Investment Rationale Food Delivery Growth: Nomura …
Infosys, the country’s second-largest IT services company, is set to announce its financial results for the fourth quarter ended March 2024 on Thursday, April 18. BNP Paribas in its note said Infosys’ EBIT margin is likely to have declined by 25 basis points in Q4 FY24 to 20.3 per cent due to wage hike impact, visa costs and muted revenue …
Tata Motors Ltd has seen a 21% increase in share value so far this year, as investors react positively to the better-than-expected performance of its UK-based subsidiary, Jaguar Land Rover Automotive Plc. The automaker's ambitious electric vehicle plans, which include a GBP15 billion investment in electrification over the next five years, have bolstered investor confidence. Nomura analysts emphasize the need …
Tata Group’s home appliances company, Voltas, will be considering a potential price hike in the month of April. With the Indian Meteorological Department predicting heat waves across most parts of the country in the next couple of months, several brokerage firms remain bullish on the company’s shares. Japan-based brokerage Nomura has put out a ‘Buy’ rating on the stock with …