BofA Securities initiated its coverage on the recently listed logistics service firm Delhivery with a buy rating and a target price of Rs 630, saying the company is in a sweet spot. "The company is uniquely positioned to gain shares and extract synergies. It is on track for breakeven EBITDA and free-cash-flow," it said.

On the technical charts, the RSI of the stock stood at 49.17.

ICICI Bank is not only well poised to leverage on growth pickup in Indian bank credit from 8-9 per cent to 12 per cent and the ramp-up of SME vertical, but also from the recent correction, coupled with high ROA, said the brokerage firm.

While the Sensex was up over 600 points, Nifty crossed the 15,900 mark. Market experts say the global factors at this stage are more important than the domestic factors in driving the stock market higher.

As of 31-Mar-2022, promoters held 41.94 per cent stake in the company, while FIIs held 31.87 per cent and domestic institutional investors had 11.86 per cent.

Goel, who represents the promoter group in Dish TV, could get only 21.05 per vote in favour of his reappointment for three more years, a regulatory filing by the DTH operator, updating disclosure of voting results of EGM, showed. A total of 128.54 crore votes were polled in the EGM, which was held on Friday through video conferencing and other audio-visual means.

“Sectors like capital goods; autos, especially four wheelers will be the preferred sectors for me. I believe that these sectors will continue to outperform and investors should keep on allocating in these stocks. This year, the earnings growth could be very strong and that is where people should start focusing.”

This, analysts said, was impressive, considering Zomato operates in 1,000 cities versus 15 for Blinkit. Also, Blinkit’s average order value stands at Rs 509, which is 28 per cent higher than Zomato. That said, the company is losing Rs 84 per order.

As of 31-Mar-2022, promoters held 62.55 per cent stake in the company, while FIIs held 12.2 per cent and domestic institutional investors had 7.43 per cent.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 52860.03 Crore) operating in Services sector.