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Motilal Oswal initiates coverage on Swiggy, sees 16% upside; here’s what the brokerage says | Stock Market News

TheSpuzz Desk2 months ago09 mins

Source: Live Mint Swiggy, the recently-listed food tech company, has garnered significant attention from leading domestic brokerage firms. After HDFC Securities and JM Financial, Motilal Oswal Financial Services (MOSL) has become the third domestic brokerage to initiate coverage on the stock. The firm believes that Swiggy’s quick commerce business could disrupt consumption patterns in India…

Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock

TheSpuzz Desk2 months ago07 mins

Source: Live Mint “It is a momentous event. We have raised a huge amount of capital in the middle of a tough market, which is a great feat,” Sumer Juneja, managing director for EMEA & India at SoftBank Investment Advisors, told Mint. Swiggy had raised $3.2 billion in private capital in total from marquee investors…

Investors shy away from FMCG stocks but embrace quick commerce platforms: Why?

TheSpuzz Desk3 months ago07 mins

Source: Live Mint Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as…

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Investors shy away from FMCG stocks but embrace quick commerce platforms: Why?