[ad_1] MUMBAI: Shares of the food delivery platform fell 6.4% on Monday as analysts remained cautious about the company’s takeover. blinkit, a quick delivery service firm. Market participants worry that the $165 million per year cash burn for Blinkit will further delay Zomato’s road to profitability. “Given the intense competitive intensity in the QuickCommerce space, we believe that the path to profitability post the Zomato Group acquisition can be extended by at least one year from FY25 to FY26,” said Swapnil Potdukhe, Analyst Told , Volatile market environment, relatively cheap…
Tag: buyout
Power Grid: BofA Securities upgrades Power Grid to a buyout
[ad_1] MUMBAI: Bank of America Securities has upgraded to ‘buy’ citing whose defensive features? store and higher Dividend yield. shares of power grid Friday closed 0.3% higher at ₹209.20. Bank of America Securities said, “Given its defensive features led by an assured return-based regulated business model and our cautious outlook on macro volatility, we believe this sharp underperformance is unwarranted.” Evaluation The brokerage said that at two-year forward book value, 1.7x is not more expensive. Bank of America Securities said transmission capex in India is peaking, which could result in…