Brokerage

Unlisted HDFC Securities shares double in 12 months on discount arm plan

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Unlisted HDFC Securities shares double in 12 months on discount arm plan

The deals are happening at Rs 14,200 – Rs 14,300 apiece valuing HDFC Securities upward of Rs 22,000 crore. Synopsis This is after the private lender firmed up plans for its brokerage house to create its own discount broking architecture to compete with new-age firms like Zerodha. The unlisted shares have doubled in the last … Read more

UBS starts Zomato coverage with a buy, target of Rs 165

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UBS starts Zomato coverage with a buy, target of Rs 165

Mumbai: UBS has initiated coverage on Zomato, India’s first listed food delivery platform, with a ‘buy’ rating and a target price of Rs 165, which implies a 24 per cent upside from the current levels. The foreign brokerage sees a long runway for growth in the Indian food delivery space, estimating that will deliver an … Read more