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Large cap stock down by 5.6% after it plans to raise funds via QIP

Trade Brains

Market analysts suggest that Blinkit is driving the upside in Zomato’s valuation as it extends its aggressive expansion plan. Chief Executive Albinder Dhindsa has also announced that Blinkit aims to have 2,000 dark stores by the end of 2026. Investors must therefore exercise due caution while investing or trading in stocks.

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Weekly Market Insights – May 1, 2023

Cornerstone Financial Advisory

Job Search The Tax Cuts and Jobs Act suspended the deduction for moving and job search expenses for most taxpayers through January 1, 2026. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm.