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Source: Live Mint Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. The target price…
Source: Live Mint Lower interest rates also boost consumer spending, as individuals pay less on their loans and have more disposable income to purchase goods and services. The RBI has held the repo rate steady at 6.5% for a while now. However, with inflation pressures easing, rate cuts could be on the horizon. Growth stocks,…
Source: Live Mint Swiggy share price jumped over 6% on Wednesday after the food and grocery delivery major reported its earnings for the second quarter of FY25. Swiggy shares spiked as much as 6.69% to ₹534.85 apiece on the BSE. The newly-listed Swiggy reported strong revenue growth along with narrowing of losses in the quarter…
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 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 Swiggy IPO allotment date: The Swiggy IPO share allotment will be finalised today (Monday, November 11). The investors who applied for the issue can check Swiggy IPO allotment status in Swiggy IPO registrar portal, which is Link Intime India. The Swiggy IPO opened for subscription on Wednesday, November 6, and closed on…
Source: Live Mint Swiggy IPO is scheduled to open on Wednesday, November 6, and close on Friday, November 8. The details on allocation to anchor investors for Swiggy IPO will be out Tuesday, November 5. Swiggy IPO price band has been fixed in the range of ₹371 to 390 per equity share of face value…
Source: Business Standard Swiggy IPO: Leading Indian food aggregator and delivery platform Swiggy is all set to go public as the company has filed the draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi). The Indian primary market has been booming this year, with as many…
