Tue, Feb 6, 2024 12:23 AM
Abu Dhabi-based Mubadala, 2 other funds acquire 8% stake in Manipal Health
A Flip by Shubhangi Gupta
President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, particularly in the Arctic National Wildlife Refuge, which environmentalists seek to protect and some Alaska Native communities want to open for drilling.
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The Indian market has dropped 10% from its peak, fueled by foreign institutional investors' selling, global uncertainties, and weak earnings, sparking fears of a prolonged downturn; however, historical data suggests that corrections are common and essential, and the market will rebound stronger, with signs of a potential recovery on the horizon.
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Seeing the stock of Zomato as a potential doubler in the next 3-4 years, global brokerage firm Morgan Stanley has increased its target price to Rs 355 from an earlier Rs 278, stating that quick commerce (QC) may positively surprise the market. Morgan Stanley has an ‘overweight’ rating on the stock and the above mentioned target price indicates a 31.7% upside potential in the stock.
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