GAGA Share Market News

[hfe_template id='11223'] [ad_1] A scurrilous story that was slowly fizzling out, has made a messy reappearance. An unhindered Wall Street player that thrives on blemishes of others and is seemingly answerable to no one, has cast aspersions on an overbearing regulator which is used to dealing with timid fund managers and brokers. The Adani story has moved beyond Adani: it's now turning into a skirmish, playing out in full public glare, between Hindenburg - the American researcher and short-seller - and capital market regulator SEBI which was possibly hoping for a quiet end to a sordid chapter. Hindenburg, emboldened by the belief that it is beyond SEBI's jurisdiction, did what Indian regulated entities would never dare to do: it posted the show cause notice from SEBI while mincing no words in accusing the regulator of treating local corporate biggies with kid gloves, training its guns on the messenger instead of going to the bottom of the message, and even threat...

[hfe_template id='11223'] [ad_1] Shares of foodtech platform Zomato on Tuesday fell up to 6% to Rs 182.10 on BSE even as brokerages like CLSA, Jefferies, Bernstein and Elara raised target prices going up to Rs 280 per share following an impressive show in Q4 results. CLSA raised target price on Zomato to Rs 248, Bernstein to Rs 230, Jefferies Rs 230 while Elara Capital had the highest target at Rs 280. "We continue to favor Zomato on its strong moat in the food business, which may continue to post an adjusted EBITDA CAGR of 47% in FY24-26E, and superior execution for Blinkit (market leadership), helped by better customer experience versus peers (on-time delivery, better product assortments)," Elara Capital said. Analysts were impressed again with the growth in Blinkit as the quick commerce platform's GOV grew by a solid 13.7% QoQ driven by a 17% QoQ in orders offset by 3% QoQ decline in AOV. The announcement to increase dark stores count to 1,000 by the end...