India’s BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones. The company is on track to double its business year-on-year by March 2026 and expand to … Read more
Nearly 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi’s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here’s what to look forward to on the earnings front: February 3 … Read more
Kotak Institutional Equities initiated coverage with a ‘Sell’ rating and set a target price of Rs 2,550. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven … Read more
“So, certainly that pressure is on as far as the market is concerned. The larger part of the delivery volume gets reflected when we see the data, but the F&O volume is not showing the data where we believe that large FPIs are basically shorting the counters on that side of the market and gradually … Read more
“The growth should continue as far as Zomato is concerned. And after the consolidation, the stock can be accumulated and for a longer-term investor it is still a good investment,” says Neeraj Dewan, Market Expert.Just wanted to begin by discussing the latest news flow coming in on Zomato. There is a bit of a bull … Read more
Zepto is in advanced discussions to file draft documents by March-April for an initial public offering, as the quick-commerce firm has now secured Singapore’s approval to move its holding entity to India, people aware of the plan said. The company is aiming to file its draft red herring prospectus by March, ideally, but that may … Read more
“So, whether it is infrastructure which I feel is one space where the government spending is also picking up and should pick up faster now when you are reaching close to the end of the third quarter. So, infrastructure is one space that I am very positive,” says Neeraj Dewan, Market Expert.What is your outlook … Read more
Citing Swiggy’s solid brand presence and user base, brokerage HDFC Securities has initiated coverage on the Dalal Street debutant with an Add rating and a stock target price of Rs 430. The brokerage highlights the company’s strong growth prospects in quick commerce but notes operational hurdles could impact its long-term profitability trajectory. The target price … Read more
The stock market witnessed a slump on Tuesday, extending its correction phase with the Sensex dropping over 800 points and the Nifty shedding 200 points. This decline reduced the market capitalisation of BSE-listed companies by Rs 5.76 lakh crore, bringing it down to Rs 436.78 lakh crore. However, there are some key stocks that will … Read more
Food delivery giant Swiggy Ltd has raised Rs 5,085 crore from anchor investors ahead of its initial public offering (IPO), which opens on Wednesday. Marquee funds who participated in the anchor round include Kotak MF, ICICI Prudential MF, Fidelity, Nomura, Axis MF, HDFC Life, ICICI Pru Life, Invesco, HSBC, Citigroup, Bofa Securities, Bandhan Multi Cap, … Read more