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Brokerage firm Macquarie has placed an underperform rating on Zomato, signaling caution on the stock. In contrast, Citi has upgraded Ramco Cements to a "Buy" rating, reflecting optimism about the company's prospects.
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News and Media
Acme Solar Holdings made its stock market debut today, with shares trading at a discount in the grey market. Despite recent growth and profitability, analysts are cautious due to the company's high debt levels. The IPO received a decent response from investors, aiming to raise funds for debt repayment and general corporate purposes.
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News and Media
Vodafone Idea's shares dipped ahead of its Q2 results, where the telco is expected to report narrowed losses and marginal revenue growth. Analysts predict a loss between Rs 6300-6400 crore and a 5% YoY revenue increase. ARPU is projected to improve, while subscriber count may decline.
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News and Media
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