FILE PHOTO: People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS
Zomato Stocks Today, Zomato Share Price, Jio Financial Share Price Today news updates: Shares of Zomato & Jio Financial are in focus today, a day after the quick commerce platforms Swiggy & Zomato reacted to downgrades and target price cuts from brokerages.
Why these stocks were in focus today?
Zomato and Mukesh Ambani-backed Jio Financial Services shares, as part of the Nifty 50 rejig, replaced Bharat Petroleum and Britannia Industries today. According to Nuvama Alternative & Quantitative Research, Zomato and Jio Financial included in Nifty 50 index would result in inflows worth up to $602 million and $308 million, respectively.
These stocks ended in green, up 1%.
On Wednesday, Zomato & its rival Swiggy dropped 3-5 per cent after brokerage firm BofA Securities downgraded the shares and slashed target prices amid slow growth in the quick commerce space. Read more here.
Published on March 26, 2025
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