BUSINESS
Unicorn Story! Investors can subscribe to Zomato for listing gains: Hemang Jani of Motilal Oswal Financial Services
At the higher end of the price band, Zomato is valued at 25x FY21 EV/Sales, which is expensive when compared to an average of 9.5x for global peers and 11.6x for Indian peers, says Jani.
BUSINESS
DAILY VOICE | Big opportunities in midcaps for alpha generation: Aashish Somaiyaa of White Oak Capital
India provides a structural investment opportunity with its strong domestically driven growth profile and a profitable and diverse corporate universe, says Somaiyaa.
BUSINESS
Trade Spotlight: What should investors do with Indiabulls Real Estate, Equitas Small Finance, IDFC?
Markets ended flat after a volatile session on July 12 even as broader markets continued to outperform the benchmark indices
BUSINESS
After The Bell: A volatile Monday, what should investors do on Tuesday?
The index has to cross and hold above 15,750 to witness an up move towards 15,850 and 15,915, while on the downside, support exists at 15,600 and 15,500 levels, say experts.
BUSINESS
Small & midcap Mantra: Bullish Flag in Eris Lifesciences looks like a buying opportunity
Experts noted that the formation of the bullish Flag pattern in the charts of Eris Lifesciences offers a fresh opportunity to enter the stock on dips.
BUSINESS
How to value lossmaking Zomato as it hits D-St to raise over Rs 9,000 crore
Experts say companies like Zomato are tech-based platforms that need huge initial investments but there are plenty of growth opportunities for them because the market is still underpenetrated
BUSINESS
Gold Price Today: How should investors trade yellow metal on Monday?
Weighing on gold prices is weaker investor interest and Fed’s monetary tightening expectations. Rising virus concerns, US-China tensions and inflationary worried are supporting the metal, experts say.
BUSINESS
Nifty stuck in a range; 10 trading ideas that could give 6-18% return
For the index to move higher now, a close above 16,000 is required, say experts. Though multiple attempts to breach the 16,000-mark have failed, what bodes well for the market is that there has not been any brutal correction so far, they say.
BUSINESS
Rising oil prices, strong dollar keep traders on the edge: Sacchitanand Uttekar of Tradebulls Securities
If we look at the key oscillators, and trend strength indicators, they are yet to quote above the overbought thresholds which make the dips lucrative for buying, says Uttekar.
BUSINESS
Zomato IPO | 'Don't see major listing gains as issue already priced 30% above last round of funding'
Investors should pay close attention to the growth in the number of orders, especially versus Swiggy, the trajectory of average order value, and unit economics, says Pranav Kshatriya of Edelweiss Securities
BUSINESS
DAILY VOICE | We might be at the start of a capex cycle which may last for 3-4 years: Prasanna Pathak of Taurus MF
Pathak is bullish on IT, pharma and chemical stocks. Among others, agri/ agrochemicals, capital goods, infrastructure and corporate banks look interesting, he says.
BUSINESS
A close above 15900 would take Nifty50 towards 16150-16200: Anu Jain of IIFL Wealth
On the downside, we would turn cautious if prices break below 15640-15680 decisively. In that case, we can expect 15440 levels, which coincided with the Feb 2021 peak, says Jain
BUSINESS
It is still a buy on dips market as long as Nifty holds 15450: Mehul Kothari of AnandRathi
The short-term trend still remains buy on dips till the time the swing low of 15450 stays untouched. However, the upside from here too won’t be that easy since the volatility index VIX is trading near its bottom.
BUSINESS
Opportunity for Zomato to grow the market and revenues are huge: Jitesh Ranawat of Marwadi Shares
Zomato is a futuristic business that will be difficult to value considering there are no profits and would have to be valued at Price/Sales and EV/Ebitda basis only, says Ranawat.
BUSINESS
Small & midcaps shine in a volatile week; 24 stocks in BSE500 index rise 10-20%
The crucial support for the index is placed at 15450-15500 levels, and as long as Nifty50 trades above this level, bulls have a chance of regaining lost glory, say experts
BUSINESS
After The Bell: Nifty slips below 15,700; what should investors do on Monday?
The Nifty50 has to cross and hold above 15750 zones to witness an up move towards 15850 and 15915 levels while on the downside support exists at 15600 and 15500 levels, suggest experts.
BUSINESS
Zomato IPO is expensive given company's financials, excitement is around the offering from the segment: Kunj Bansal of Karvy Capital
Read on to know what he expects from the listing of the internet company
BUSINESS
Small & Midcap Mantra: This multibagger from last year is poised for over 50% rally in 9-12 months
On the technical charts, a positive crossover between its 20-month and 50-month exponential moving averages indicates that the shares could rise towards Rs 1,100 in a year from now
BUSINESS
D-Street Talk: Saurabh Mukherjea on 30-years of reforms, polorisation in market & how to pick wealth creators
Top line is vanity, the bottom line is sanity, and cash flow is reality. And, that's why I keep telling people to focus on cash flow, not the newspapers headlines and not even profitability, says Mukherjea.
BUSINESS
Gold Price Today: Yellow metal trades higher, experts say buy for a target of Rs 48,000
Buy Gold around Rs 47,600 with a stop loss of Rs 47,380 for the target of Rs 48,000 and in silver around Rs 68,500 with a stop loss of Rs 68,100 for the target of Rs 69,500, suggest experts.
BUSINESS
Trade Spotlight: What should investors do with Jay Shree Tea, Speciality Restaurants and Sobha?
Stocks that were in focus include Jay Shree Tea, which rose nearly 9 percent to hit a 52-week high, Speciality Restaurants (gained nearly 11 percent), and Sobha (saw gains of over 5 percent).
BUSINESS
DAILY VOICE | A sustained rally in crude prices could hurt capital flows and macrostability of India: R Venkataraman of IIFL Securities
Sectors like Insurance, Chemicals have a long runway of growth, in our view. The supply chain disruptions due to Covid pandemic has provided an impetus to China + 1 strategy and favours the Chemicals sector., says Venkataraman.
BUSINESS
After The Bell: Benchmark loses nearly 1% in steep fall; what should investors do on Friday?
The index has to cross and hold above 15750 zones to witness an up move towards 15850 and 15915 levels while on the downside support exists at 15600 and 15500 levels, say experts.
BUSINESS
Small & Midcap Mantra: Amber Enterprises set to resume next leg of rally, over 20% upside expected
Since hitting a 52-week high in March 2021, the stock entered a consolidation phase. However, technical charts suggest that the stock is now ready to resume the second leg of the rally.
