Online food delivery platform Zomato shares plunged over 4.5% to trade at Rs 231 during the January 13 trading session. This marks a fall of nearly 20% in the last three weeks for the stock. Zomato shares have so far declined for the seventh straight session since January 2. The stock has fallen over 23% from its December 9 level, when it had hit its all-time-high record of Rs 304.7.
Open FlipIndian stockbroking firm Groww is planning an IPO to raise $700 million at a valuation of $7-8 billion, engaging with investment bankers to start the process. The Bengaluru-based company aims to list despite market challenges, boasting 1.3 crore active investors and a 17% rise in operational profit to Rs 535 crore in FY23.
Open FlipMukul Mahavir Agrawal, a well-tracked stock market maven on Dalal Street, picked up over 10 per cent stake in a small and medium enterprise (SME) stock Siyaram Recycling Industries during the third quarter of the ongoing financial year 2024-25 (Q3 FY25). Mukul Agrawal made a fresh entry into the stock as the investor’s name did not appear in the key shareholders in the second quarter of FY25.
Open FlipVidya Wires has filed its DRHP for an IPO, aiming to raise Rs 320 crore to enhance manufacturing capabilities and broaden its product range, with a diverse customer base of over 370 clients and a product lineup of over 6,400 SK . The firm, a significant player in the winding and conductivity sector, plans to allocate funds for new projects and debt repayment, holding a 5.9% market share in India.
Open FlipThe Securities and Exchange Board of India (SEBI) will soon come up with further circulars on specific investment strategies that the 'New Asset Class' or 'Specialized Investment Fund' (SIF) can offer to its clients, said people in the know. These strategies, among others, would include the ones mentioned in the consultation paper like inverse ETF and long-short ones, the people added.
Open FlipPrabhudas Lilladher's research report on Rainbow Children's Medicare. RAINBOW enjoys higher margins, strong FCF generation with net cash B/S, and healthy return ratios because of the asset-light hub-and-spoke model, it being the only integrated multi-specialty pediatric hospital chain in India offering comprehensive services, and its full-time doctor engagement model.
Open FlipThe Nifty Realty Index is down close to 5% in today's trading session. The index has now declined 20% from the peak, which it had made on June 18 last year. A correction of over 20% from the peak means that the index has slipped into a bear market. Top losers include Sobha (-40%), Mahindra Lifespace (-35%), and Prestige Estates (-26%), while Oberoi Realty stands out as the only gainer, up 7%.
Open FlipMotilal Oswal's research report on Shriram Finance: Shriram Finance offers a diversified product suite, demonstrating strong execution capabilities and asset quality resilience, with a well-positioned loan book and cross-selling opportunities. Expected to deliver 19% PAT CAGR over FY24-27E and 3.3%/17% RoA/RoE in FY27E, with a target price of INR700.
Open FlipShares of Quadrant Future Tek are set to list at 10 am on Tuesday, January 13, on the BSE and NSE, with analysts expecting a stellar listing at a premium of nearly 20% to the issue price, driven by strong investor demand. The ₹290-crore initial public offering (IPO) of Quadrant Future Tek witnessed an overwhelming subscription of 186.66 times on its final bidding day.
Open FlipReported Consolidated quarterly numbers for SHAH METACORP are: Net Sales at Rs 39.86 crore in December 2024 up 208.72% from Rs. 12.91 crore in December 2023. Quarterly Net Profit at Rs. 3.00 crore in December 2024 up 288.41% from Rs. 0.77 crore in December 2023. EBITDA stands at Rs. 4.01 crore in December 2024 up 138.69% from Rs. 1.68 crore in December 2023.
Open FlipReported Consolidated quarterly numbers for GTPL Hathway are: Net Sales at Rs 887.27 crore in December 2024 up 4.28% from Rs. 850.88 crore in December 2023. Quarterly Net Profit at Rs. 10.17 crore in December 2024 down 57.04% from Rs. 23.68 crore in December 2023. EBITDA stands at Rs. 113.79 crore in December 2024 down 12.81% from Rs. 130.51 crore in December 2023.
Open FlipNBCC (India) Ltd's share price plummeted over 6% on Monday despite announcing a ₹3,500 crore order win from UP Awas Vikas, amid weak market conditions and a broader market decline of 1%. NBCC's share price has corrected over 15% in 2025, but has still provided multibagger returns to investors over the past two years.
Open FlipReported Consolidated quarterly numbers for GNA Axles are: Net Sales at Rs 375.07 crore in December 2024 up 5.06% from Rs. 357.00 crore in December 2023. Quarterly Net Profit at Rs. 25.36 crore in December 2024 up 12.89% from Rs. 22.47 crore in December 2023. EBITDA stands at Rs. 53.00 crore in December 2024 up 11.84% from Rs. 47.39 crore in December 2023.
Open FlipElara Capital initiates coverage on Vishal Mega Mart with a "buy" rating and a Rs 140 target price, citing strong growth potential, efficient operations, and expansion plans. Risks include slower growth and supply chain challenges. Caption: Poised for 19.2% revenue CAGR and loyal customer growth, Vishal Mega Mart targets 846 stores by FY27, backed by efficient operations and mass-market appeal.
Open FlipReported Consolidated quarterly numbers for Avenue Supermarts are: Net Sales at Rs 15,972.55 crore in December 2024 up 17.68% from Rs. 13,572.47 crore in December 2023. Quarterly Net Profit at Rs. 723.72 crore in December 2024 up 4.79% from Rs. 690.61 crore in December 2023. EBITDA stands at Rs. 1,241.38 crore in December 2024 up 7.68% from Rs. 1,152.81 crore in December 2023.
Open Flip