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Eternal, parent of Zomato and Blinkit, saw shares jump despite a profit dip. Revenue grew strongly, fueled by quick commerce. Blinkit's performance is notable. Brokerages maintain 'Buy' ratings. Motilal Oswal raised the target price to Rs 330. Elara increased its target to Rs 340. Nuvama set its target at Rs 320.
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The US tech firm behind ChatGPT say it will work with the UK government to "deliver prosperity for all".
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Nilesh Shah from Envision Capital suggests that young India offers significant investment opportunities, particularly in digital platforms, premium consumer goods, nutraceuticals, and infrastructure. He advises investors to study successful market strategies from other countries and focus on long-term, capital-efficient growth. When investing in mid and smallcaps, prioritize governance, a strong balance sheet, and a viable business model to mitigate risk.
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