The key focus in this quarter would be the core petrochemicals and oil business of Reliance Industries, says Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services. Edited excerpts:
Do you think that loss-making unicorns will be able to keep up the momentum on Dalal Street after listing?
The kind of response that Zomato and other companies have seen in the primary market shows that there is a huge amount of optimism. We would like to see how the business evolves, how pricing changes and when they can achieve profitability. At least for now, it looks like there is a huge momentum and interest in some of these players given the low penetration. There is a huge expectation that the growth can be sustained based on the technology that they are using. We saw Jubilant Foodworks talking about getting into food tech. Look at the interest that is generated in the stock. It (Zomato) is at the forefront of technology and penetration is still low. At least in the near ter
Zomato delivers stellar debut; Mcap reaches Rs 1L cr
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Ant-backed Zomato s stellar debut sets pace for other Indian tech listings
timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Indian food delivery app Zomato surges 80 per cent on IPO
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.