Zomato kept the upward momentum in Friday’s early morning session as well.
Total revenue for the quarter stood at Rs 228,310 crore, showing growth from Rs 215,286 crore in Q1FY23
Recommendation: Reduce; Target price: Rs. 360
These securities have exceeded 95% of the market-wide position limit (MWPL), leading to their inclusion in the F&O ban list, as stated by the NSE
Analysts of IIFL Capital Services believe ISG data reconciles with healthy wins announced by Indian IT vendors and gives comfort on revenues being relatively resilient once macro stabilizes.
Recommendation: Buy; Target price: Rs. 160
This bond issuance signifies the Adani group's return to the local corporate bond market following the release of Hindenburg Research's report in January.
At 99.71 in the early Asian hours, the dollar index—which compares the value of the dollar to six significant competitors—was at its lowest level since April 2022.
Net interest income of the bank grew by 20% to Rs 1,919 crore in Q1FY24.
At the upper price band, the company's valuation stands at a price-to-book ratio of 1.39x, resulting in a post-issue market capitalization of Rs 2,740 crore.

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
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+91 9892691696
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