Zomato shareholders have overwhelmingly approved a plan to raise 8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant's finances amid fierce competition in the rapidly expanding quick-commerce sector.
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Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
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In the last five trading sessions preceding November 22, the Sensex index rose by approximately 1.84%, or 1,426 points, closing at 79,117, with gains recorded in just two of those sessions. Despite the market's volatility, ETMarkets identified 10 stocks from the BSE midcap index that experienced consistent price increases during this period. (Data Source: ACE Equity)
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| 23.11 | Concurrent Gainers: 10 midcap stocks that gain for 5 days in a row |
| News and Media » |
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All news |
| 23.11 | Three years after losing casino bid, Matteson still seeks developer, completes acquisition of Lincoln Mall property |
| 23.11 | D-Street experts hail BJP alliance's emphatic Maharashtra victory, see policy continuity in state |
| 23.11 | Goldman Sachs sees buying opportunity in oversold stocks. Trent, Shriram Finance are among 10 top buys |
| 23.11 | FPIs net sell domestic equities worth Rs 26,533 crore in November so far |
| 23.11 | Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action |
| 23.11 | Zomato shareholders approve Rs 8,500 crore QIP plan |
| 23.11 | F&O Talk| Markets lack follow-through, cautious optimism amid uncertain momentum: Sahaj Agrawal of Kotak Securities |
| 23.11 | Concurrent Gainers: 10 midcap stocks that gain for 5 days in a row |
| More » |
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