Zomato: Brokerages remain positive as net loss narrows; see up to 64% upside

Zomato was in focus on Monday after Q4 earnings showed the company's net loss narrowed further, adjusted Ebitda turned positive and revenue surged in the quarter ended March 2023. On the back of strong results, brokerages also retained their positive outlook on the food delivery aggregator.

Nykaa, Zomato among top 10 most bought shares by MFs in April: Report

Business Standard noted that Nykaa and Zomato were in the list of top 10 most bought shares by MFs last month, with fund houses' holdings in these two stocks rising by over  <span class='webrupee'>₹</span>1,100 crore.

ONDC poses no immediate challenge to Zomato, says Motilal Oswal; retains 'buy'

ONDC stands for Open Network for Digital Commerce, a platform launched by the Government of India in 2021 to promote digital commerce in the country. 

Zomato says majority of Blinkit stores which were shut have resumed oprations

The food aggregator said over the past few days, it made changes in the delivery partners' payout structure with respect to the Blinkit business.

Zomato stock look poised for clocking healthy gains; ICICI Sec maintains buy, Motilal Oswal sees a 30% upside

Brokerage firm Motilal Oswal Financial Services has initiated coverage on the stock with a 'buy' call, pegging the target price of  <span class='webrupee'>₹</span>70, implying a 30 percent upside potential.

64% potential upside! Zomato to continue to gain market share from Swiggy, says HSBC

The food delivery industry may slow down further in Q4FY23, but the brokerage expects Zomato to reclaim market share. It also believes that the ‘Gold’ loyalty program is helping it win market share from rival Swiggy.

Kotak remains positive on Zomato, sees nearly 62% upside; here's why

Kotak believes Zomato will eventually increase its pricing by offering higher renewal price to existing customers.

New-age stocks outperform benchmarks in the last 1 month; What happens next?

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Some new-age internet stocks have sharply outperformed the benchmark Nifty50, Nifty IT and even NASDAQ in the past one month after a massive underperformance in the last 1 year. Is it time to buy?

Shareholding patterns of Nykaa, Delhivery, Paytm, and PB Fintech indicate further potential supply, says BofA Securities

<ul><li>However, the brokerage believes that the supply overhang remains of some investors, despite the fact that these companies experienced high volatility as few early investors withdrew.</li></ul>

Paytm, Nykaa see some recovery in February so far; is the worst over for new-age stocks?

Shares of One97 Communications (Paytm) surged over 21 percent in February so far while PB Fintech (PolicyBazaar) rallied 19 percent this month.

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Zomato: Brokerages remain positive as net loss narrows; see up to 64% upside

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