February 22, 2025

Swiggy

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

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

TheSpuzz Desk09 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…

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IPO frenzy fizzling out: What’s behind low subscription rates, tepid listings? | Stock Market News

IPO frenzy fizzling out: What’s behind low subscription rates, tepid listings? | Stock Market News

TheSpuzz Desk06 mins

Source: Live Mint IPO buzz fizzling out: Despite the ongoing excitement surrounding initial public offerings (IPOs), a sense of fatigue appears to be creeping into the IPO market recently. So far in November, Afcons Infrastructure Ltd (2.6x), Sagility India Ltd (3.2x), Swiggy Ltd (3.6x), ACME Solar Holdings Ltd (2.8x), and Niva Bupa Health Insurance Company…

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SoftBank posts .7 billion profit on India’s IPO market boom, rebound in tech valuations | Stock Market News

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations | Stock Market News

TheSpuzz Desk04 mins

Source: Live Mint SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio.  The Tokyo-based company earned a net income of ¥1.18 trillion ($7.7 billion) in the September quarter, compared with a net loss of ¥931 billion last…

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Swiggy IPO GMP status ahead of listing; Check allotment status, other details | Stock Market News

Swiggy IPO GMP status ahead of listing; Check allotment status, other details | Stock Market News

TheSpuzz Desk04 mins

Source: Live Mint The much-awaited Swiggy Limited’s initial public offering (IPO) is poised to make its Dalal Street debut on Wednesday, November 13. The food delivery and quick commerce company is expected to finalise its share allotment on Monday, November 11.  The successful bidders from the public issue can expect their shares to be credited…

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Swiggy IPO: Food delivery, quick commerce giant raises ₹5,085 crore via anchor investors ahead of public issue | Stock Market News

Swiggy IPO: Food delivery, quick commerce giant raises ₹5,085 crore via anchor investors ahead of public issue | Stock Market News

TheSpuzz Desk05 mins

Source: Live Mint Swiggy Limited, the online food delivery and quick commerce firm, on Tuesday said it has raised around ₹5,085 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 13,03,85,211 or 13.03…

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

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

TheSpuzz Desk07 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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