Fri, Apr 26, 2024 11:42 AM
Blinkit more valuable than Zomato food delivery business: Goldman Sachs
A Flip by Shubhangi Gupta
📌Citi has maintained a 'sell' rating on Gujarat Gas with a target of ₹450 per share. 📌Citi has maintained a 'neutral' rating on M&M Financial Services with a target of ₹290 per share. 📌Citi has maintained a 'buy' rating on Marico with a target of ₹610 per share. 📌Jefferies has maintained a 'buy' rating on Hindalco with a target of ₹810 per share.
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📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 58.13 points or 0.08% at 73,953.67 and the Nifty was up 24.80 points or 0.11% at 22,467.50. 📢Marico (⬆️7.11%), HindPetro (⬆️3.89%) and Godrej Consumer Products (⬆️3.80%) appeared as the top performers on the Nifty50 at open. Titan, BPCL stocks are in focus today.
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Diversified agri firm DCM Shriram Ltd on Monday (May 6) reported a 36.9% year-on-year (YoY) drop in net profit at ₹117.8 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, DCM Shriram posted a net profit of ₹186.7 crore, the company said in a regulatory filing. The company's revenue from operations tanked 11.8% to ₹2,399.3 crore.
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