Latest Updates Around The World
Newly listed eyewear retailer Lenskart, in its first quarterly results as a listed company, reported a 21% year-on-year increase in operating revenues to ₹2,096 crore for July-September.The improvement in operational performance led to a 20% increase in net profit to ₹103 crore. The Gurgaon-based company reported earnings before interest, taxes, depreciation and amortization (Ebitda) at […]
Food delivery and quick-trading platform Eternal said in a statement on Saturday that the financial impact of the new social security law, which came into effect on Friday, will not harm the company’s long-term prospects. The Deepinder Goyal-founded company added that the exact financial and operational implications will only be known once the rules are […]
The Indian market may be buzzing with IPOs and investor euphoria, but Helios Mutual Fund remains cautious. CEO Dinshaw Irani said the fund skipped Lenskart’s IPO despite strong demand due to high valuations and limited growth visibility, especially in its overseas operations. “When valuations are this high, you need exponential growth to justify them. We […]
Eyewear retailer Lenskart will launch its much-awaited initial public offering (IPO) later this week, which will be one of the most high-profile listings of the year in India’s booming consumer technology sector. The IPO opens for public subscription on October 31 and closes on November 4, while the anchor investor round is scheduled for October […]
Eternal, the parent company of food delivery platform Zomato, is expected to post strong revenue growth in the September quarter, although profitability may decline on a year-on-year basis due to the expansion of its high-speed commerce business and challenges in the core food delivery segment. Higher costs, passenger incentives and higher marketing spend are likely […]
Goldman Sachs sold more than 1 crore shares from Food Lever and Quick Commerce Company Eternal Limited on Friday for RS 355.32 Crore where the buyer was Bofa Securities. The shares were sold at a price of RS 329 each, just over the Wednesday closing race. Nowadays, the eternal shares at RS 328.20 closed on […]
International Makelaarskantoor HSBC has repeated its ‘Buy’ call to Eternal, which increases its target price to RS 390 per share of RS 340, with reference to clear scale and profitability leadership in both food delivery and fast trade, while a ‘hold’ and RS 430 are the Vooruitbang of the Vroormijdier and the Vroormijdier and the […]
Worldwide Brokeragebedrijf JP Morgan has become Bullisher on Eternal, which strongly increases its price target to RS 390 of RS 310 and maintains its “overweight” attitude. The global brokerage said that the upgrade reflects the accelerating growth story of Blinkit, with reference to the growing national footprint and the possibility to maintain minimal discounts while […]
Shares of Eternal, the parent company of food delivery platform Zomato and Quick Commerce Arm Blinkit, will be in Focus on Friday, August 22, after the company has announced that the board has approved the recording of a new subsidiary, Blinkit Foods. The company unveiled the development in a stock market application on Thursday. The […]
Although retail investors may have taken a fancy for both New Age shares, investment funds were seen that dump the older shares of soing Zomato, while they accumulated his rival Swiggy aggressive, even while the war residence intensifies and to get ahead to fresh highs while the other gets the other stockwakettes while the other […]
