Share market updates: Today there is a slight increase in the market, but after the result, the stock of Zomato jumped up to 8 percent

After the result, there is a boom in Zomato.

After the result, there is a bumper increase in the share price of food delivery company Zomato. The market is witnessing a slight uptrend in the early trade.

The stock market is currently stuck between buyers and sellers. second day of the week Sensex ,Share market updates) With the rise of 19 points at the level of 54307 and the Nifty opened at the level of 16225 with the rise of 11 points. Today pressure is being seen on Nifty index. The market is bullish in early trade. At 9.22 in the morning, the Sensex was trading close to 54400 with a gain of more than 100 points. Mahindra & Mahindra, IndusInd Bank, Reliance and HDFC are seeing a rise today. Hindustan Unilever, Tata Consultancy Services and Tech Mahindra declined.

After the result, the shares of food delivery company Zomato (Zomato share price) is seeing a bumper boom. At this time, the stock was trading at the level of Rs 61 with a gain of 7 per cent. Zomato’s loss has increased to Rs 360 crore in the March quarter. The company’s loss in the March 2021 quarter was Rs 134 crore. However, there has been a jump of 75 per cent in the operational revenue of the company and it stood at Rs 1212 crore. The company’s operating revenue in the March 2021 quarter was Rs 692 crore.

Target of Rs 135 for this stock

After the fourth quarter results, brokerage MS has given a buy advice in Zomato. The target price has been kept at Rs 135. There has been a jump in the revenue of the company. Also, the company has given a strong outlook for the first quarter of the current financial year. Apart from this, an attempt has been made to give a strong framework regarding capital allocation.

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Metals rise today after heavy selling

After heavy selling on Monday, metals are seeing a rise today. The metal index is up about 1 percent. Stocks like Tata Steel, Jindal Steel, JSW Steel, Vedanta Limited are up more than 1 percent. These are the stocks in which there was a huge fall of up to 15-20 percent on Monday. By the way, according to market experts, the sentiment of metals has weakened. The government has waived the import duty of raw materials and increased the duty on exports from the country to cut the cost of steel and steel products. In such a situation, the profits of the companies will be affected.

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