Would prefer Zomato over Swiggy if asked to pick only one: Brokerage JM Financial
Citing Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce…
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Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj Finance
Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on Paytm: Outperform |…
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Paytm shares rally over 5% as brokerages raise target price on Zomato deal
Shares of fintech major One 97 Communications, which operates Paytm, surged approximately 5.5% to a day’s high of Rs 604.45 on the BSE on Thursday. This increase followed brokerages raising their target prices after the company sold its entertainment business to Zomato. Global brokerage CLSA has maintained a “Hold” rating on Paytm but increased its…
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Zomato surges 3% on Paytm’s ticketing business acquisition, brokerages predict 29% upside
Zomato’s shares surged 3% following its acquisition of Paytm’s ticketing business, marking a strategic expansion into the event and travel booking sectors. This move has sparked optimism among analysts, with brokerages setting target prices as high as Rs 335 for the stock. On Wednesday, the company’s board of directors approved a share purchase and subscription…
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