Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic markets remained in the negative territory throughout the day and closed with losses.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic markets closed the week deep in the red as geopolitical worries clubbed with supply chain turbulence marred investor sentiment. S&P BSE Sensex tanked 769 points or 1.4% to close at 54,333 while the NSE Nifty 50 was down 252 points or 1.53% at 16,245. Bank Nifty closed 1.5% lower at 34,407. Broader markets ended in red along with India VIX, which closed 0.71% lower. Dr Reddy’s Lab was the top Sensex gainer, up 2.78% accompanied by ITC, Tech Mahindra, and Ultratech Cement. On the other hand, Titan, Maruti Suzuki, and Asian Paints were the top laggards.
Live Updates
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
Zomato share price may rally 74%, long term growth stock remains intact; check target price
Zomato share price has tanked more than 41% so far this year to Rs 80.35 per share, just shy of its IPO price. The fall in stock price has come on the back of global factors such as rising interest yields, inflation, and also the company’s reluctance to host analyst/investor interactions, analysts said. Although the stock has nosedived, brokerage firm JM Financial remains positive on the long-term growth story of Zomato. JM Financial has reiterated a buy call on Zomato stock with a target price of Rs 140 per share. Similarly, Sachin Shah, Fund Manager, Emkay Investment Managers told .com that Zomato is a “win-win-win solution”.