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Total revenue from operations grew by 39 per cent year-on-year (YoY) to Rs 739.24 crore for the quarter ended June 2022 as against Rs 551.68 crore in June 2021. Company’s total expenses increased to Rs 684.3 crore against Rs 568.53 crore in Q1 FY22.

Zomato does not have an identifiable promoter and is a professionally managed company. In such cases, entire pre-IPO equity is locked in for 12 months from the date of allotment of shares, during the IPO.

Out of the 27 Nifty50 companies that have reported their quarterly numbers so far, 12 have reported results that beat Street expectations, seven fell short of meeting investor expectations. Two companies reported in-line results while the rest six came out with a mixed set of numbers.

The Relative Strength Index of the stock stood at 64.94 on Friday.

“India’s cost competitiveness vis-à-vis China has improved significantly. Our labour cost is $200, China’s labour cost is $800; our power costs have come down and are more or less at par with China. We are getting better on the logistics costs side also. I see a mini IT kind of a trend playing out in manufacturing over the next five-seven years. These drivers are not temporary, they are structural in nature and structural changes tend to last over 5, 10, 15 years.”

Investors who had the delivery of shares in their account as of June 28 were eligible for the equity dilution of the shares and the number of shares increased by 10 times, without changing the amount invested.

“When one is overweight India, one can afford to trim the overweight and become neutral weight, but in a performing market, very few fund managers will be able to remain underweight India. That is where we believe a little bit of frustration trade is emerging. Also, in the FTSE Index, Korea has been upgraded from emerging market to developed market. If that happens, there will be an increase in India’s weightage in MSCI.”

SKF India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 20975.04 Crore) operating in Auto Ancillaries sector.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is a civil construction and infrastructure EPC (Engineering, Procurement and Construction) company.

The stock traded at a P/E multiple of 34.17, while the price-to-book value ratio stood at 9.3.