Zomato posted a ₹1,222 crore loss but its stock gained 18% — reasons behind the surge Zomato has been losing steam ever since PayTM’s listing debut took the wind off all tech startup valuations. But today, the stock gained 18% even as it posted a net loss of ₹1,222 crore for the March quarter - which swelled by ₹400 crore since last year. The secret of this investor interest does not come from its revenues which nearly doubled either.
Bad News! 5 charts show this bull market may be nearing tipping point Brokerage firm Jefferies India in a recent report highlighted how several metrics in the stock market are suggesting that a tipping point for investors may be near. Given the fact that investors have been lulled into complacency by streaks of record highs and freak stock price movements, the rollover when it comes could be painful.
The Economic Times
Bad News! 5 charts show this bull market may be nearing tipping point