Zomato share price extended its correction on Tuesday morning, falling another 5% over and above the 27% correction the stock has seen in recent days. On the opening bell, Zomato share price was down at a new 52-week low of Rs 84.1 per share.
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SGX Nifty Hints At Opening Losses; Maruti Suzuki, Cipla, Hero Moto, United Spirits In Focus
SGX Nifty Hints Losses: U.S. equity futures and Asian stocks declined on Tuesday after volatility on Wall Street stoked by concerns over Federal Reserve policy tightening and geopolitical tension.
Sensex, Nifty Open Lower; Metal, I.T. Stocks Decline [24-01-2022]
India’s stock benchmarks opened lower, dragged by metals, consumer durables and metal stocks, amid weak global cues.
Stock Market – RIL, SBI, Axis Bank, Cadila, JSW Steel, ONGC In Focus
Stock Market Reports : Asian stocks fell on Monday and U.S. equity futures rebounded as traders weighed concerns about tightening Federal Reserve monetary policy.
Stock Recommendations [24-01-2022]: HUL, Kajaria Ceramics, Mphasis
Stock Recommendations: Cadila, HUL, Kajaria Ceramics, Mphasis
- Cadila Health raised to ‘outperform’ at DAM Capital; price target set at Rs 520.
- Hindustan Unilever raised to ‘buy at Nirmal Bang; price target set at Rs 2,725.
- Kajaria Ceramics raised to ‘buy’ at BOB Capital Markets
- Mphasis raised to ‘accumulate’ at Dolat Capital; price target set at Rs 3,550
Source: Bloomberg
Stock Recommendations: Tata Elxsi, Ultratech Cement, Polycab India, HDFC Life
Stock Recommendations: Tata Elxsi, Ultratech Cement, Jyothy Labs, Polycab India, PVR, HDFC Life
- Tata Elxsi raised to ‘buy’ on Weakness at Dalal & Broacha
- UltraTech Cement cut to ‘neutral’ at Choice Equity
- Jyothy Labs raised to ‘buy’ at Elara Secs India; price target set at Rs 185
- Polycab India cut to ‘reduce’ at Spark Capital Advisors
- PVR raised to ‘add’ at Spark Capital Advisors; price target set at Rs 1,850.
- HDFC Life raised to ‘buy’ at Elara Secs India; price target set at Rs 880.
Source: Bloomberg
Sensex, Nifty Off Day’s Low; Jyothy Labs Q3 Net Income Meets Estimate
India’s stock benchmarks recovered from day’s low, but still traded with losses, dragged by losses in information technology, banks, consumer durables, metals and healthcare stocks. The S&P BSE Sensex and NSE Nifty 50 look on course to log the worst week in nearly two months.