Company
Zomato Shares Fall 5% Following Jefferies’ Downgrade To ‘Hold’
On January 7, food technology major Zomato witnessed a decline in its stock value during intraday trading. The shares fell by approximately 4.9% from their January 6 closing, reaching ₹251.60. This dip is attributed to brokerage firm Jefferies revising its outlook on the company. Zomato At Hold Rating Jefferies has assigned Zomato a “Hold” rating […]
Nykaa Shares Jump Over 5% Following Robust Q3 Performance
Nykaa, a leading beauty and fashion company, witnessed a 5.21% rise in its share price during intraday trading on January 6. This surge propelled the stock to ₹176.50, reflecting positive market sentiment following a significant update for the third quarter of FY2024-25. Nykaa Stock Update As of now, Nykaa’s stock is trading at ₹174.80, with […]
Zepto Plans To File IPO Draft Papers By March-April: Report
Quick commerce platform Zepto is reportedly gearing up to file its draft prospectus for an Initial Public Offering (IPO) by March or April this year. According to sources, the company has secured the necessary approvals to shift its base from Singapore to India ahead of its public listing. Zepto Board Meeting While the IPO details […]
“PB Fintech Shares Soar To All Time High, Market Cap Approaches $12 Billion”
PB Fintech, the parent company of the popular insurance technology platform Policybazaar, witnessed a significant surge in its stock price on January 2. During trading hours on the Bombay Stock Exchange (BSE), the stock rose by over 5%, reaching a new all-time high of ₹2,230 per share. PB Fintech’s Stock Update Despite some fluctuations during […]
“Zepto VP Jitendra Bagga Resigns In Less Than A Year”
Jitendra Bagga, who served as the Vice President of Central Operations at Zepto, has stepped down after a nine-month tenure. During his time at the quick commerce startup, Bagga played a crucial role in leading the warehousing division, focusing on key projects like the Mother Hub and Line Haul initiatives. Jitendra Bagga Left Zepto Bagga […]
“PhonePe In 2024: Paving The IPO Path With ₹5,000 Crore Revenue”
PhonePe, one of India’s leading fintech companies, is already operating with the transparency and governance expected of a public limited company. In 2024, the company released its annual report, a significant step showcasing its financial discipline and commitment to accountability. PhonePe Report The report includes consolidated and standalone financial numbers, giving stakeholders a clear insight […]