The record
Written from the 1 report below. Nothing here is unsourced.
- Eternal, the parent company of Zomato and Blinkit, reported better key metrics in its first quarter results.
- However, brokerage Dolat Capital has downgraded the stock to a 'Sell' rating following these results.
- The downgrade reflects expectations that near-term earnings will be weighed down by expansion investments, losses in new business ventures, and a higher tax rate.
What to watch next
- Impact of expansion investments on upcoming quarterly earnings
- Performance of new business ventures and whether losses narrow
- Effect of the higher tax rate on future profit estimates
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Named India · Blinkit · Zomato · Dolat Capital · Eternal
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