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India Business News: Zomato share price dropped 8% in 3 sessions due to recent trading activity and profit-taking. Find out why the multibagger stock is experiencing a decline and the impact of Motilal Oswal Mutual Fund selling a portion of its stake in Zomato. Learn more about the company's quarterly earnings and revenue growth.
Ace Investor Ashish Kacholia has picked up a 1.9% stake in smallcap multibagger Tanfac Industries while Madhulika Agarwal, wife of Mukul Agrawal bought 1.80% in the company in the quarter ended December 31.
Over the course of three years, shares of Solar Industries India have experienced a significant surge, escalating from ₹1,083 per share to ₹6,875 per share, translating into an impressive 535% return for investors.
The Zomato stock hit a 52-week high on Thursday after the brokerage HSBC gave an "extremely strong 2023" review on the stock. The company reported profits in back-to-back quarters ended June and September.
Adani Ports shares have turned the tide after hitting lows of Rs 395.10 as a fallout of the Hindenburg report in January last year. The returns have been to the tune of over 200%.