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Revenue from operations during the quarter surged 21.2% to Rs 826 crore as against Rs 681 crore in the corresponding quarter of last year. The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 370 crore.

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​As of March end, the domestic mutual fund held a 1.3% stake in the company.Plutus Wealth Management bought 50,00,000 shares or 0.6% stake for Rs 145 crore. Before this purchase, the wealth management firm did not hold any stake in the NBFC major

However, the fund ran into a spat with the company following the latter’s deal to merge business with Sony Pictures. In late 2021, the fund had sought a meeting of shareholders before Zee Entertainment’s merger deal with Sony Pictures.

The Dow Jones Industrial Average rose 43.99 points, or 0.13%, at the open to 33,930.46.

Nifty has to hold above 17,717 zones to extend the move towards 17,850 and 18,000 zones, while on the downside, supports are placed at 17,620 and 17,500 marks, said Chandan Taparia of Motilal Oswal.Options data suggests a shift in the trading range between 17,400 to 18,000 zones, while a shift in the immediate trading range between 17,500 to 17,850 zones

However, its revenue from operations was at Rs 459.59 crore, up 2.40 per cent, as against Rs 448.79 crore in the corresponding quarter last fiscal.Its revenue from the broadband business was at Rs 159.16 crore and Rs 300.43 crore from the Cable TV business in the fourth quarter

Resilience in U.S. core retail sales and a jump in inflation expectations have led investors to trim the amount of easing expected from the Fed later this year to around 55 basis points (bps).

In its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying internet penetration, rising consumption and growth in urbanization. "Zomato is a dominant player in the industry and we forecast the company to report 29% revenue CAGR over FY23-25," it said.

Meanwhile, ICICI Bank said its board will meet on April 22 to consider and approve fundraising by way of issuance of debt securities, including NCDs, bonds and other instruments on a private placement basis. The fundraising, if approved, will be executed in one or multiple tranches.