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Time of India
27-05-2025
- Business
- Time of India
Sensex soars 10,000 points from April lows. But India Inc's Q4 numbers expose cracks in market rally
Despite the Sensex's impressive 10,000-point surge, Q4 earnings growth for Nifty companies is a modest under 6%, raising concerns about market valuations. While the market anticipates a strong FY26, analysts caution about global economic uncertainties and potential EPS downgrades. Midcaps and smallcaps outperformed, but overall, earnings need to catch up to justify current market highs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Still, risk looms large. Tired of too many ads? Remove Ads The Sensex has stormed back with a stunning 10,000-point plus surge since April lows, but Nifty 's Q4 earnings growth is clocking in at under 6% year-on-year, a number that's raising eyebrows among analysts. Even as the market brushes off the disappointment, the current valuations, already hovering at 21-22x forward price-to-earnings, demand a far more compelling earnings story."Q4 earning season is turning out to be muted yet again in absolute terms, with 5-10% earnings growth depending on sectors," Atul Bhole, EVP & Fund Manager, Kotak Mahindra Asset Management, told ET market, ever the forward-looking beast, appears to be banking on a robust FY26, driven by a low FY25 base and macro tailwinds like tax breaks, improving wage growth, capex uptick, and a favorable monsoon. But Bhole warned, "India appears to be in a better situation as of now, but larger economic blocks like China & Europe can start attracting large amounts of capital depending on tariff negotiations & changing fiscal / monetary policies given relative valuations advantage. US fiscal position & dollar valuation would also impact flows & hence asset prices.'March quarter numbers, however, didn't leave the Street overtly disappointed as expectations were already lowered post 3 quarters of continuous low-growth and weak corporate commentaries.'It was a kind of mixed bag across sectors,' said Sunny Agrawal of SBI Securities. He pointed to strong showings by ICICI Bank, HDFC Bank and Kotak, with Axis Bank missing expectations. Cement and metal sectors showed sequential improvement, driven by easing input costs and better realizations. Autos were a mixed lot, with M&M and TVS Motors performing well, while Hero MotoCorp consumer staples, volume growth was tepid, though Marico stood out with 6% volume growth. Jewelry and value retail players reported solid SSG growth, and QSRs held up despite a seasonal and smallcaps emerged as outperformers. "We are finding that the growth momentum may continue for the next two years, especially from midcap and smallcap companies," Agrawal added, noting that markets are rewarding bottom-line strength over sentiment.'Our FY26E/27E net profits of the Nifty-50 Index have seen cuts since the start of CY25,' said Shrikant Chouhan, Head of Equity Research at Kotak Securities. With Nifty trading at ~22x/19x for FY26E/FY27E, he warns that continued EPS downgrades could threaten target levels. "If that continues then there is a risk to our [Nifty 26,000] target."According to Elara Securities, Nifty50's rebound from March lows has been more price-driven than earnings-led, with PE multiples rising from 21x to 23x. Only a few top contributors like ICICI Bank and HDFC Life saw both earnings growth and rerating, while Reliance Industries and Adani Ports surged on sentiment more than in Nifty MidCap 150, the 17% rebound was mostly earnings-led, especially in names like BSE, HPCL, Polycab, and MRF, where price moves outpaced PE rerating, a positive sign of fundamentals driving midcap Lilladher noted a similar trend. With 80% of Nifty 50 earnings declared, Q4 has shown sales growth of 4.8%, EBIDTA up 7.4%, and PBT growth at 14%, with margins expanding YoY and QoQ. 'We don't expect a significant change in trend,' they Mittal of LIC Mutual Fund remains cautiously optimistic. "Q4 season has been better than expectations... the downgrade cycle appears to be behind us," he said. With falling bond yields and ample liquidity, 'downside is capped, and upside will depend on the earnings trajectory.'Q4 earnings, therefore, haven't fallen off a cliff, but they also haven't provided the rocket fuel needed to justify valuations near all-time highs. With the global macro environment turning fragile and earnings growth still playing catch-up, the market's next move hinges on whether corporate India can deliver — and deliver fast.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
14-04-2025
- Business
- Yahoo
Is Yatra Online (YTRA) Among the Best Indian Stocks to Buy According to Billionaires?
We recently published a list of the 10 Best Indian Stocks to Buy According to Billionaires. In this article, we will take a look at where Yatra Online, Inc. (NASDAQ:YTRA) stands against other best Indian stocks. India's stock market had a rough ride during the second half of FY25, amid uncertainty around US tariffs, weak earnings, and persistent foreign outflows. Analysts expect the volatility to extend into the new financial year, especially after the Trump administration unveiled fresh tariffs on April 2. READ ALSO: 10 Best European Stocks To Buy According to Billionaires and 20 Stocks Insiders Bought in April After Trump's Tariff Rollout. In recent years, millions of Indian investors have piled into stocks, hoping to build wealth by betting on their country's strong economic growth. Social media has been buzzing with 'finfluencers' offering financial advice and trends. Easy-to-open online brokerage accounts and stock funds have also wooed the population, especially youngsters and retirees, into investing. Several notable billionaires have also made significant investments in Indian stocks, reflecting the market's growing appeal. As of November 2024, Rajiv Jain's GQG Partners was the fourth-largest shareholder in Gautam Adani's firm. Late last year, billionaire Azim Premji's private equity firm also acquired a 1.6% stake in a leading Indian technology services and consulting company. Last Monday, many investors were dealt a blow as the stock market lost $170 billion, with two of the country's most prominent indexes plummeting from fears that Trump's new tariffs would ignite a global recession. Foreign institutional investors sold shares valued at $1.05 billion during the day, the highest outflow since February 28. The market fell again on Wednesday, as the 27% tariff on Indian exports to the US took effect. Here is what Nilesh Shah, managing director at Kotak Mahindra Asset Management, was quoted by Reuters as saying about the situation: 'Indian markets are unable to quantify the uncertainty unleashed by the tariff war. The unfolding events will likely keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.' On April 9, the Reserve Bank of India cut the interest rate by 0.25% and reduced its growth forecast for this year from 6.7% to 6.5%. Sanjay Malhotra, the governor of the central, stated the following in a speech: 'The recent trade tariff-related measures have exacerbated uncertainties, clouding the economic outlook across regions, posing new headwinds for global growth and inflation.' While multiple brokerage firms expect the tariffs to hurt India's GDP growth for FY26, government officials in Delhi, who spoke on the condition of anonymity to a media outlet, expect the country to meet the 6.3%-6.8% growth projection if oil prices stay below $70 per barrel. A finance ministry official said they had already made provisions in the budget for duty remission schemes to help exporters. A passenger gazing out the airplane window, taking in the sights of her journey. For this article, we scanned Insider Monkey's Q4 2024 proprietary database of billionaires' stock holdings and identified Indian stocks from the list. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaires: 3 Billionaire Holdings: $844,249 Yatra Online, Inc. (NASDAQ:YTRA) is India's leading corporate travel services provider with over 1,200 corporate customers and is also one of the country's leading online travel companies. Its subsidiary, Yatra Online Limited, was recently ranked first in India's YouGov Brand Mover rankings for December 2024. With 3 billionaires holding a stake in the company, YTRA is one of the best Indian stocks to buy now. On February 11, the company declared financial results for the three months ended December 31, 2024. Revenue for the quarter surged 111.4% from last year to $27.5 million, driven by significant growth in Yatra Online, Inc. (NASDAQ:YTRA)'s corporate travel business. Adjusted Hotels & Packages margin increased 65.8% from last year, fueled by the expansion of the Meetings, Incentives, Conferences, and Exhibitions (MICE) business. Yatra Online, Inc. (NASDAQ:YTRA) posted a profit of $0.5 million for the period, which was a significant improvement from a loss of $0.5 million for the three months ended December 31, 2023. Adjusted EBITDA surged 173% from last year to $1.4 million as the company focused on profitable growth and cost optimization. However, the stock is down by over 50% this year, as revenue fell short of estimates due to challenges in the B2C segment, with adjusted air ticketing margins seeing a 23% decline. On February 12, in response to the results, HC Wainwright & Co. lowered Yatra Online, Inc. (NASDAQ:YTRA)'s price target to $3 from the previous $4 while maintaining a Buy rating. In September last year, Yatra Online, Inc. (NASDAQ:YTRA) entered into an agreement to acquire Globe All India Services Limited (GAISL) for $15.25 million in cash. Through this acquisition, the company is adding approximately 360 customers and will gain annual gross bookings of around $90 million, which is expected to further solidify YTRA's strong position in the corporate travel sector. Overall, YTRA ranks 9th among the 10 best Indian stocks to buy according to billionaires. While we acknowledge the potential of YTRA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than YTRA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Infosys Limited (INFY): Among the Best Indian Stocks to Buy According to Billionaires
We recently published a list of the 10 Best Indian Stocks to Buy According to Billionaires. In this article, we will take a look at where Infosys Limited (NYSE:INFY) stands against other best Indian stocks. India's stock market had a rough ride during the second half of FY25, amid uncertainty around US tariffs, weak earnings, and persistent foreign outflows. Analysts expect the volatility to extend into the new financial year, especially after the Trump administration unveiled fresh tariffs on April 2. READ ALSO: 10 Best European Stocks To Buy According to Billionaires and 20 Stocks Insiders Bought in April After Trump's Tariff Rollout. In recent years, millions of Indian investors have piled into stocks, hoping to build wealth by betting on their country's strong economic growth. Social media has been buzzing with 'finfluencers' offering financial advice and trends. Easy-to-open online brokerage accounts and stock funds have also wooed the population, especially youngsters and retirees, into investing. Several notable billionaires have also made significant investments in Indian stocks, reflecting the market's growing appeal. As of November 2024, Rajiv Jain's GQG Partners was the fourth-largest shareholder in Gautam Adani's firm. Late last year, billionaire Azim Premji's private equity firm also acquired a 1.6% stake in a leading Indian technology services and consulting company. Last Monday, many investors were dealt a blow as the stock market lost $170 billion, with two of the country's most prominent indexes plummeting from fears that Trump's new tariffs would ignite a global recession. Foreign institutional investors sold shares valued at $1.05 billion during the day, the highest outflow since February 28. The market fell again on Wednesday, as the 27% tariff on Indian exports to the US took effect. Here is what Nilesh Shah, managing director at Kotak Mahindra Asset Management, was quoted by Reuters as saying about the situation: 'Indian markets are unable to quantify the uncertainty unleashed by the tariff war. The unfolding events will likely keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.' On April 9, the Reserve Bank of India cut the interest rate by 0.25% and reduced its growth forecast for this year from 6.7% to 6.5%. Sanjay Malhotra, the governor of the central, stated the following in a speech: 'The recent trade tariff-related measures have exacerbated uncertainties, clouding the economic outlook across regions, posing new headwinds for global growth and inflation.' While multiple brokerage firms expect the tariffs to hurt India's GDP growth for FY26, government officials in Delhi, who spoke on the condition of anonymity to a media outlet, expect the country to meet the 6.3%-6.8% growth projection if oil prices stay below $70 per barrel. A finance ministry official said they had already made provisions in the budget for duty remission schemes to help exporters. A programmer typing on a laptop, highlighting the cutting edge software engineering solutions provided by the company. For this article, we scanned Insider Monkey's Q4 2024 proprietary database of billionaires' stock holdings and identified Indian stocks from the list. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaires: 10 Billionaire Holdings: $875,164,416 Infosys Limited (NYSE:INFY) provides digital services and consulting to clients in more than 50 countries, enabling them to navigate their digital transformation through cloud and artificial intelligence. With 10 billionaires holding a stake in the company, it is one of the best Indian stocks to buy. The company recently extended its 10-year-long strategic partnership with AIB by taking on a renewed and enhanced role to support the financial services group as it accelerates its transformation initiatives. Under the collaboration, Infosys Limited (NYSE:INFY) will deliver application development and maintenance services, which will help in enhancing AIB's operational efficiency. Earlier this month, Infosys Limited (NYSE:INFY) and Formula E announced the launch of an AI-powered stats center to boost fan engagement. The stats center will leverage Infosys Topaz, which uses GenAI technologies, to deliver data-driven insights and interactive and immersive experiences. On March 31, Infosys Limited (NYSE:INFY) and Linux Foundation announced a collaboration to advance responsible artificial intelligence principles across global networks. The partnership is a testament to the company's commitment to fostering responsible use of AI on a global scale. According to Insider Monkey's database for Q4 2024, 27 hedge funds held a stake in the company, up from 26 at the end of the third quarter. Moreover, 10 billionaires have investments in Infosys Limited (NYSE:INFY), with combined holdings of over $875 million. Overall, INFY ranks 2nd among the 10 best Indian stocks to buy according to billionaires. While we acknowledge the potential of INFY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than INFY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Is MakeMyTrip Limited (MMYT) One of the Best Indian Stocks to Buy According to Billionaires?
We recently published a list of the 10 Best Indian Stocks to Buy According to Billionaires. In this article, we will take a look at where MakeMyTrip Limited (NASDAQ:MMYT) stands against other best Indian stocks. India's stock market had a rough ride during the second half of FY25, amid uncertainty around US tariffs, weak earnings, and persistent foreign outflows. Analysts expect the volatility to extend into the new financial year, especially after the Trump administration unveiled fresh tariffs on April 2. READ ALSO: 10 Best European Stocks To Buy According to Billionaires and 20 Stocks Insiders Bought in April After Trump's Tariff Rollout. In recent years, millions of Indian investors have piled into stocks, hoping to build wealth by betting on their country's strong economic growth. Social media has been buzzing with 'finfluencers' offering financial advice and trends. Easy-to-open online brokerage accounts and stock funds have also wooed the population, especially youngsters and retirees, into investing. Several notable billionaires have also made significant investments in Indian stocks, reflecting the market's growing appeal. As of November 2024, Rajiv Jain's GQG Partners was the fourth-largest shareholder in Gautam Adani's firm. Late last year, billionaire Azim Premji's private equity firm also acquired a 1.6% stake in a leading Indian technology services and consulting company. Last Monday, many investors were dealt a blow as the stock market lost $170 billion, with two of the country's most prominent indexes plummeting from fears that Trump's new tariffs would ignite a global recession. Foreign institutional investors sold shares valued at $1.05 billion during the day, the highest outflow since February 28. The market fell again on Wednesday, as the 27% tariff on Indian exports to the US took effect. Here is what Nilesh Shah, managing director at Kotak Mahindra Asset Management, was quoted by Reuters as saying about the situation: 'Indian markets are unable to quantify the uncertainty unleashed by the tariff war. The unfolding events will likely keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.' On April 9, the Reserve Bank of India cut the interest rate by 0.25% and reduced its growth forecast for this year from 6.7% to 6.5%. Sanjay Malhotra, the governor of the central, stated the following in a speech: 'The recent trade tariff-related measures have exacerbated uncertainties, clouding the economic outlook across regions, posing new headwinds for global growth and inflation.' While multiple brokerage firms expect the tariffs to hurt India's GDP growth for FY26, government officials in Delhi, who spoke on the condition of anonymity to a media outlet, expect the country to meet the 6.3%-6.8% growth projection if oil prices stay below $70 per barrel. A finance ministry official said they had already made provisions in the budget for duty remission schemes to help exporters. A busy airport terminal with travelers queuing up for flights, revealing the sheer volumes of travelers served by the company. For this article, we scanned Insider Monkey's Q4 2024 proprietary database of billionaires' stock holdings and identified Indian stocks from the list. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaires: 7 Billionaire Holdings: $98,924,260 MakeMyTrip Limited (NASDAQ:MMYT) is an online travel company offering various services and products, including air and bus ticket bookings, holiday packages, hotel bookings, foreign currency exchange, and visa processing services. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The stock has returned 39% over the past 12 months, driven by a surge in gross bookings value, the company's strong dedication to innovation, and investments in cutting-edge technologies to enhance customer experience. An increase in domestic tourism in India and the government's investments in travel infrastructure bode well for MakeMyTrip Limited (NASDAQ:MMYT)'s further growth ahead. India's GDP is forecast to grow at 6.7% for the next two fiscal years. The government has undertaken significant investments to improve roads, airports, and railways to make travel more convenient and reliable. Furthermore, with rising incomes, an increasing number of Indians are also beginning to explore international destinations, besides domestic tourism. According to Insider Monkey's database for Q4 2024, 28 hedge funds held a stake in the company, an improvement from 22 at the end of the third quarter. Marshall Wace LLP was the largest investor in MakeMyTrip Limited (NASDAQ:MMYT), with holdings valued at approximately $107 million. According to reports, APG Asset Management N.V. recently acquired a new position in MMYT, buying shares worth $28.2 million during the fourth quarter. Moreover, 7 billionaires held a stake in MakeMyTrip Limited (NASDAQ:MMYT), with combined holdings of nearly $99 million, making it one of the best Indian stocks to buy now. Overall, MMYT ranks 6th among the 10 best Indian stocks to buy according to billionaires. While we acknowledge the potential of MMYT, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MMYT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Is Zoomcar Holdings (ZCAR) Among the Best Indian Stocks to Buy According to Billionaires?
We recently published a list of the 10 Best Indian Stocks to Buy According to Billionaires. In this article, we will take a look at where Zoomcar Holdings, Inc. (NASDAQ:ZCAR) stands against other best Indian stocks. India's stock market had a rough ride during the second half of FY25, amid uncertainty around US tariffs, weak earnings, and persistent foreign outflows. Analysts expect the volatility to extend into the new financial year, especially after the Trump administration unveiled fresh tariffs on April 2. READ ALSO: 10 Best European Stocks To Buy According to Billionaires and 20 Stocks Insiders Bought in April After Trump's Tariff Rollout. In recent years, millions of Indian investors have piled into stocks, hoping to build wealth by betting on their country's strong economic growth. Social media has been buzzing with 'finfluencers' offering financial advice and trends. Easy-to-open online brokerage accounts and stock funds have also wooed the population, especially youngsters and retirees, into investing. Several notable billionaires have also made significant investments in Indian stocks, reflecting the market's growing appeal. As of November 2024, Rajiv Jain's GQG Partners was the fourth-largest shareholder in Gautam Adani's firm. Late last year, billionaire Azim Premji's private equity firm also acquired a 1.6% stake in a leading Indian technology services and consulting company. Last Monday, many investors were dealt a blow as the stock market lost $170 billion, with two of the country's most prominent indexes plummeting from fears that Trump's new tariffs would ignite a global recession. Foreign institutional investors sold shares valued at $1.05 billion during the day, the highest outflow since February 28. The market fell again on Wednesday, as the 27% tariff on Indian exports to the US took effect. Here is what Nilesh Shah, managing director at Kotak Mahindra Asset Management, was quoted by Reuters as saying about the situation: 'Indian markets are unable to quantify the uncertainty unleashed by the tariff war. The unfolding events will likely keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.' On April 9, the Reserve Bank of India cut the interest rate by 0.25% and reduced its growth forecast for this year from 6.7% to 6.5%. Sanjay Malhotra, the governor of the central, stated the following in a speech: 'The recent trade tariff-related measures have exacerbated uncertainties, clouding the economic outlook across regions, posing new headwinds for global growth and inflation.' While multiple brokerage firms expect the tariffs to hurt India's GDP growth for FY26, government officials in Delhi, who spoke on the condition of anonymity to a media outlet, expect the country to meet the 6.3%-6.8% growth projection if oil prices stay below $70 per barrel. A finance ministry official said they had already made provisions in the budget for duty remission schemes to help exporters. Photo by Paul Hanaoka on Unsplash For this article, we scanned Insider Monkey's Q4 2024 proprietary database of billionaires' stock holdings and identified Indian stocks from the list. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaires: 2 Billionaire Holdings: $25,508 Zoomcar Holdings, Inc. (NASDAQ:ZCAR) is a leading online car-sharing marketplace, headquartered in Bengaluru, India. The company's platform connects hosts with guests, who pick from a selection of cars at affordable rates. On April 8, the company expanded its product range with the launch of Zoomcar Vouchers, allowing users to prepay for future trips. The announcement is expected to further improve customer retention and encourage repeat user behaviour. Zoomcar Holdings, Inc. (NASDAQ:ZCAR) noted in the press release that repeat user bookings are now exceeding bookings from new users. On February 14, Zoomcar Holdings, Inc. (NASDAQ:ZCAR) declared financial results for the third quarter of the fiscal year 2024. The company's contribution profit reached a record high of $1.28 million. This represented 52% of the revenue and was significantly higher from $0.21 million in the prior year's period. This marked the fifth successive quarter of positive contribution profit. During the three months ended December 31, 2024, contribution profit increased to $12.39, as compared to $2.40 per booking for the three months ended December 31, 2023. Zoomcar Holdings, Inc. (NASDAQ:ZCAR)'s number of bookings during the quarter also increased 19% year-over-year, amid a 2x increase in the repeat user booking rate. The company also noted a 28% reduction in its Cost of Revenue from last year. Technology expenses were down 41% from year-over-year, while marketing costs decreased 80% compared to the same period in 2023. This helped Zoomcar Holdings, Inc. (NASDAQ:ZCAR) to significantly lower its adjusted EBITDA loss from $10.17 million in Q3 2023 to $3.15 million for the recent quarter. Zoomcar Holdings, Inc. (NASDAQ:ZCAR) is among the best Indian stocks to buy. According to Insider Monkey's database, two billionaires held a stake in the company at the end of Q4 2024. Overall, ZCAR ranks 10th among the 10 best Indian stocks to buy according to billionaires. While we acknowledge the potential of ZCAR, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ZCAR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
