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Brokerage firm Bernstein has upheld its 'Outperform' rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day's closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein notes that initial assumptions about QCsuch as its focus on small 'top-up' orders, its appeal being limited to metropolitan areas, and its catering mainly to affluent consumershave been consistently updated each quarter.
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Deccan Transcon Leasing IPO features a fresh equity issue of 55.24 lakh shares alongside an offer for sale (OFS) worth Rs 5.4 crore. Shares are priced between Rs 102 and Rs 108 each, with a minimum bid of 1,200 shares per lot.
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News and Media
More than 30,000 workers will walk out after union members voted overwhelmingly to back the strike.
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News and Media
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