Info Edge
Motilal Oswal has a buy rating on the stock with a target price of Rs 1,000. The brokerage house highlighted the significant improvement in Zomato’s performance in FY17 and that its sharp reduction in burn is a significant positive.
The company is a major stakeholder in the restaurant listings and food ordering firm. It highlighted that Zomato had refrained from discounting and applied it to less than 2 percent of the orders. Going forward, the company has massive room to continue growing transactions without spending much.
Yes Bank
Motilal Oswal has a buy rating on the stock with a target of Rs 2,110, adding that the re-rating is led by diversification and balance sheet granularity. The brokerage house expects the bank to register 28 percent loan CAGR over FY17-20. The robust loan growth and net interest margin expansion will drive 27 percent PAT CAGR through FY20. Furthermore, the lender is poised to leverage on investments in franchise, people and technology, the brokerage house added.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
Motilal Oswal has a buy rating on the stock with a target price of Rs 1,000. The brokerage house highlighted the significant improvement in Zomato’s performance in FY17 and that its sharp reduction in burn is a significant positive.
The company is a major stakeholder in the restaurant listings and food ordering firm. It highlighted that Zomato had refrained from discounting and applied it to less than 2 percent of the orders. Going forward, the company has massive room to continue growing transactions without spending much.
Yes Bank
Motilal Oswal has a buy rating on the stock with a target of Rs 2,110, adding that the re-rating is led by diversification and balance sheet granularity. The brokerage house expects the bank to register 28 percent loan CAGR over FY17-20. The robust loan growth and net interest margin expansion will drive 27 percent PAT CAGR through FY20. Furthermore, the lender is poised to leverage on investments in franchise, people and technology, the brokerage house added.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
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