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"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomato’s food delivery business and the high likelihood of the company having lost some market share to Swiggy in recent quarters as the latter had continued to run its loyalty programme, especially when ‘Pro Plus’ was absent," the brokerage firm JM Financial said.

It provides and helps to create employment opportunities, provides risk capital and ensures development of markets (private to public) by enhancing liquidity and making it efficient.

Maruti Suzuki India’s net profit for the December quarter more than doubled on year to Rs 2,351 crore, and beat ET Now Poll of Rs 1,873 crore. >> For more such web stories click on the ET icon below

As of 31-Dec-2022, promoters held 58.37 per cent stake in the company, while FIIs held 27.73 per cent and domestic institutional investors had 2.71 per cent.

The brokerage said collection delays from Vi and Indus’s exposure as service provider (~35%+ revenues, in our view) remained the key area of concern, adding that the key issue going forward is clarity on how the tower company plans to recover its money from loss-making Vi.

A total of 31,371 shares changed hands on the counter till 01:37PM (IST)

There will be no action in the equity segment, equity derivative segment and SLB Segment on Thursday, according to the list of stock market holidays 2023, available on the official BSE website. Trading in the commodity segment of MCX will also remain close.

The stock quoted a 52-week high of Rs 730.0 and a 52-week low of Rs 416.75.

​ In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks closed above their 200 DMA (Daily Moving Averages) on January 24.>> For more such web stories click on the ET icon below

The Nifty Auto index was trading 0.33 per cent down at 12917.8.