Food delivery platform Zomato listed on the stock exchanges on July 23 in a low-key event at its office Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Investors who did not get shares of Zomato on allotment can enter at current levels or at dips for a 15-20 percent upside, Sneha Poddar, AVP, Research, Broking & Distribution, Motilal Oswal Financial Services Ltd said in an interview with Moneycontrol’s Kshitij Anand . Edited excerpts: Q) What should investors do post Zomato listing? Can new investors enter at current levels? A) Zomato , India’s leading online food delivery company, listed strongly on the exchanges on Friday with a 53 percent premium at Rs 116 per share and rallied towards an intraday high of Rs 138 before settling around Rs 125 levels. Despite the large size of IPO and rich valuations, the …
JD.com Goes All Out For Market Share, But Margins May Shrink
Share to Twitter Share to Linkedin Chinese e-commerce giant JD.com is betting on household products to keep growth humming as it prepares for a secondary listing in Hong Kong. But the company could face fiercer competition and margin pressure down the road, say analysts. JD.com , founded and led by billionaire Richard Liu , became a go-to place for many people to buy groceries online during coronavirus-induced lockdowns—an unexpected gain it credited to faster and more reliable deliveries arranged by the company’s in-house logistics unit. Although local quarantine restrictions are being lifted, a senior executive says growth is here to stay, and JD.com won’t wince when it comes to investing to attract users or gain market share. “Market share is crucial to us,” says Carol Fung, JD.com’s president of fast-moving consumer goods (FMCG) omnichannel business unit. “We won’t be just keeping previous growth rates, but will continue to get new users on board.” …
Continue Reading about JD.com Goes All Out For Market Share, But Margins May Shrink →
Heranba Industries IPO grey market premium jumps sharply this week ahead of listing
SRF Ltd. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The listing of crop protection chemical manufacturer Heranba Industries seems to be a on a strong footing as its IPO grey market premium jumped sharply to 38 percent within a week. The renewed strong momentum in the equity market on falling US bond yields and strong FII inflow could be one of reasons for upside in grey market premium. The Nifty50 itself gained over 4 percent this week after falling around 6 percent in previous two weeks. Shares were traded at a premium of Rs 230-240 in the grey market i.e. 37-38 percent premium (Rs 857-867) over issue price of Rs 627, the data available on the IPO Watch showed. In fact, the premium has increased significantly from Rs 140-150 quoted in the grey market last week, which was 22-24 percent higher compared to issue price. The …
Trade Desk Faces Off With Google, Quantcast In $150B Market
Share to Twitter Share to Linkedin Changes in the use of the lowly cookie — a bit of software dropped into a browser that helps advertisers and publishers gather data on consumers’ web activity to better target ads — are having a tidal-wave like effect on the $150 billion digital advertising market. That’s because earlier this month Google announced that it would phase out the use of individual third party cookies to help target ads — and deploy a system based on groups of customers with common interests — according to the Wall Street Journal . Google’s announcement has wiped over $8 billion off the market capitalization of Ventura, Calif.-based Trade Desk — a Google digital advertising rival — that uses third-party cookies in its service. Meanwhile, a much smaller rival — San Francisco-based Quantcast (which told me Forbes is a client) — says it’s winning business from Trade Desk thanks to its use of “real-time data from over 100 million web and mobile …
Continue Reading about Trade Desk Faces Off With Google, Quantcast In $150B Market →
Share market holiday: BSE, NSE shut today on account of Bakri Id
The National Stock Exchange of India (NSE) and the BSE will remain closed on July 21 on account of Bakri Id. Wholesale commodity markets, including metal and bullion, will also remain shut. There will be no trading activity in the forex and commodity futures markets either. On July 20, while the Sensex ended 354.89 points (0.68%) lower at 52,198.51, and the Nifty was down 120.30 points (0.76%) at 15,632.10. "Markets drifted further lower in continuation to Monday's fall and lost nearly a percent. The benchmark opened on a muted note amid sell-off in global markets, inched gradually lower as the day progressed. On the global front, the concerns over the economic recovery due to the rise in COVID cases due to the new virus variants hit sentiment. In line with the benchmark, most of the sectoral indices turned southward and the broader indices too witnessed a sharp cut of nearly 1.4% each," said Ajit Mishra, VP - Research, Religare Broking. "We believe concerns over global …
Continue Reading about Share market holiday: BSE, NSE shut today on account of Bakri Id →
Equity Strategy: ‘Deploy derivative-based portfolio hedging strategy to protect gains made so far’
There is no doubt that global GDP will see a sharp recovery in 2021 from the troughs of pandemic ravaged 2020. But, the strong resurgence is expected to continue well beyond pre-COVID levels into 2022. Substantial fiscal stimulus, near-zero interest rates, and significant spurt in household savings act as tailwinds. Delta/+ variant, which is behind the current spike in cases in UK/Indonesia, could move across borders to create more havoc. Though hospital admissions have not grown as much, and it seems jabs have played their part, nothing can be left to chance when dealing with an invisible and ever-mutating enemy. Growth will vary across countries depending on policy support, vaccine stocks and rollout strategy, and GDP composition. Developed Markets (DM) have seen better-than-expected growth with the US at the helm. Deployment of EUR 750bn recovery fund could now see Europe taking the lead. Within Asia, China’s pace could slow down with others catching up. Close …
Lyft Is Gaining on Uber, Finally
Uber has been enduring horrendous press for almost a year, the latest bad news being tied to a lawsuit from investors against former CEO Travis Kalanick. Meanwhile, smaller rival Lyft has been quietly reaping the gains of Uber's journey from controversial-but-envied company to veritable Silicon Valley pariah. How could it not? Lyft head of product Taggart Matthiesen told Recode that Lyft "saw a 60 percent increase in passenger activations" in response to the first #DeleteUber protest. Despite its demure reputation , Lyft is aggressively capitalizing on the opportunity to grow at Uber's expense -- and spending less doing it. A source who worked on Lyft's promotional efforts told Inc. that Lyft has been progressively reducing its marketing since fall 2016 as Uber's troubles have increased. The source, who requested anonymity due to an NDA, said that Lyft has been scaling back its partnerships with external promoters as well as reducing the financial incentives for new users …
Asian shares slip as new COVID cases rise
Asian shares stumbled on Wednesday, giving up early gains, while the dollar was firm as investors worried that a fast-spreading coronavirus variant could impede a global economic recovery. But European share markets were set for a slightly higher open following sharp falls early in the week, ahead of a European Central Bank meeting on Thursday that is expected to convey a dovish tone. Euro Stoxx 50 futures rose 0.16% and German DAX futures were up 0.07%. FTSE futures added 0.08%. The Delta coronavirus variant has for the moment displaced inflation as investors’ primary source of concern, with South Korea on Wednesday reporting a daily record of new infections. Last week, data showing a surge in U.S. consumer prices in June had sparked fears that the Federal Reserve could bring a quicker end to emergency stimulus measures. Close The shift from a debate over whether price spikes are transitory to outright fear of the impact of the latest COVID-19 surge has …
Continue Reading about Asian shares slip as new COVID cases rise →
Has the market texture changed from ‘buy on dips’ to ‘sell on rallies’? Maybe not, say experts
Indian markets pared gains after hitting a record on July 16, which has fuelled worries among market participants about a possible market top. The Nifty50 fell by about 2 per cent, after hitting a record intra-day high of 15,962 on July 16. Yes, the fall is steep, and Nifty50, as well as Sensex, might have slipped below the crucial support levels, but technical experts feel it is a regular bull market correction and investors/traders should not get worried. The trend is still on the upside, they say. The Nifty50 trades well above the crucial long-term moving averages such as 50,100 and 200-Days Moving Average (DMA). However, the index has slipped below the short-term moving averages such as 5,10 & 20-DMA on daily charts. A close below the short-term moving averages suggest a cautious stance. Much of the correction is due to external factors, and the Nifty should bounce back from the crucial support levels near 15,250-15,450. Selling broad-based Close “In …
With Addressable Market Expanding, Is Snowflake Stock A Buy?
Share to Twitter Share to Linkedin Snowflake stock (NYSE: SNOW) has rallied by almost 36% from its lows of about $190 per share seen in mid-May. The rally comes on the back of a more positive outlook from brokerage analysts and the robust Q1 FY’22 earnings, which saw the company report a 110% year-over-year growth in product revenues. However, with the stock now trading at over $250 per share or about 69x consensus 2022 revenues, does it still remain attractive? We value Snowflake stock at about $230 per share, slightly below the market price, due to near-term risks such as rising inflation and the Federal Reserve’s increasingly hawkish stance. However, the stock should still remain a good bet for investors with a long-term view. Cloud-based data warehousing is clearly the future, as businesses continue to migrate from on-premise systems to the cloud, which is more cost-effective and scalable. Snowflake, which is seen as a technology leader in the space, is …
Continue Reading about With Addressable Market Expanding, Is Snowflake Stock A Buy? →