The food delivery company s stock price has been surging on the back of rising profitability in its core business and the fast growth of its quick commerce arm, Blinkit.
Foreign institutional investors (FII) bought shares worth Rs 614.32 crore, while domestic institutional investors (DII) purchased Rs 125.03 crore worth of stocks on August 23, provisional data from the National Stock Exchange (NSE) showed.
Goldman Sachs sees revenue growth for
India s IT sector companies picking up, driven by pent-up demand
for IT services and the impact of adopting generative artificial
intelligence tech. .
The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector s upside, even though near-term revenue is likely to remain "muted".
IT Sector: "Indian IT services companies have doubled their market share in the last 10 years,” analysts at Goldman Sachs led by Manish Adukia wrote in a note.