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Source: Live Mint Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, saw its shares spike 10 per cent in Tuesday’s trade (December 3), reaching a fresh high of ₹541.95 per share. The surge in shares comes just ahead of the company’s Q2FY25 results announcement, scheduled for today, marking Swiggy’s first earnings…
Source: Live Mint Delhivery Ltd’s shares are hovering near their 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment remains subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce. Further, the rise of in-house delivery fleets by e-commerce giants such as Meesho has…
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…
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…
Source: Live Mint Zomato Ltd’s September quarter (Q2FY25) result was decent. A key parameter – the gross order value (GOV) – of food delivery and Blinkit grew by 21% and 122% year-on-year, respectively. Growth rates are in line with management’s guidance. The company needs an average GOV of ₹7 lakh a day per store to…
Source: Live Mint Reliance Industries Ltd’s (RIL’s) shares hit an all-time high of ₹3,217.6 on 8 July but have fallen almost 16% since then. One problem has been weakness in the oil-to-chemicals (O2C) business, where Ebitda fell 19% year-on-year in the first half of FY25 and 24% year-on-year in the September quarter. Despite the drop…
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…
Source: Live Mint Avenue Supermarts Ltd’s shares fell over 8% on Monday after its September quarter (Q2FY25) earnings missed expectations and concerns rose on growth prospects amid intensifying competition from quick commerce companies. Avenue runs the DMart supermarket chain. Standalone Ebitda margin in Q2 dropped 27 basis points year-on-year to 7.9%, which was below analysts’…
Source: Live Mint Delhivery Ltd is on a rocky journey as the market turf is changing for the leading logistics company in the express parcel and part truckload segments. Also, India’s third-party logistics sector is facing some headwinds amid increasing competition from established players and as online marketplaces like Meesho opt for their own delivery…
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