Amid improving profitability and strong revenue growth, a clutch of India’s internet-focused stocks have shed the tag of being just great business models without earnings. An analysis of the Nifty India Internet index shows eight stocks delivering double-digit returns of up to 80% when India’s headline index Nifty has slipped 1.4%. Leading the rally is … Read more
Mumbai: HDFC Asset Management Company, Bosch, Muthoot Finance, Cummins India, Polycab India, Dixon Technologies, Swiggy and Canara Bank are likely to be upgraded from mid-cap to large-cap in the next Association of Mutual Fund in India’s semi-annual reclassification in January 2026, according to Nuvama Alternative & Quantitative Research. The mutual fund industry body announces the … Read more
Shares of food delivery and quick commerce major Swiggy, which has attracted several bullish brokerage calls, found another supporter on Monday as global brokerage Nomura initiated a buy rating on the stock with a target price of Rs 550. “We believe that at the current price, the market is valuing only 0.3x EV/GOV for its … Read more
Indian equity benchmarks wrapped up the week on a solid note, buoyed by strong domestic macroeconomic data and ongoing policy reforms. The Nifty gained 1.29% to settle at 24,741, while the Sensex climbed 1.13% to close at 80,710. The uptrend was broad-based, with midcap and smallcap indices outperforming, rising 1.8% and 2.5% respectively — a … Read more
360 One Wam – USD 7 mn One 97 Communications (Paytm) – USD 4 mn J.B. Chemicals & Pharma – USD 4 mn Kaynes Technology India – USD 4 mn Afcons Infrastructure – USD 3 mn L&T Finance – USD 3 mn Go Digit General Insurance – USD 2 mn Kpr Mill – USD 2 … Read more
Shares of food delivery major Swiggy have declined 26.75% year-to-date, weighed down by back-to-back weak quarterly results and sustained losses despite solid revenue growth. The stock has taken a sharp fall, reflecting investor concerns over profitability, aggressive spending, and rising operational costs. Although the stock has recovered partially since then, it continues to trade below … Read more
Food delivery player Swiggy Ltd on Thursday reported widening of its net losses to Rs 1,197 crore in the first quarter of FY26, compared to Rs 611 crore in the year-ago period. Revenue from operations in the reporting period rose 54% YoY to Rs 4,961 crore. The company’s management attributed the higher losses to scale-driven … Read more
“Over the past 3–4 quarters, we saw increasing losses in quick commerce due to pricing wars, heightened competitive intensity, and marketing investments. So, it’s evident that the worst is behind us in terms of profitability and losses. From a medium- to long-term perspective, we expect the breakeven point to return for Blinkit — something we … Read more
“If I was to pick something within the new-age companies, I definitely would go with Swiggy or Eternal or Policybazaar and not Nykaa,” says Hemang Jani, Independent Market Expert.What is it that you are making of the market structure? I guess, all things in control at least when it comes to the macro data points, … Read more
Accenture’s better-than-estimated Q3 revenue estimates initially thrilled global tech watchers but economic uncertainty and shifting US policies are squeezing global tech spending and creating concerns for the tech companies and Indian IT stocks, which often follow Accenture’s cues are reflecting this uncertainty, Mayank Jain, Market Analyst, Share.Market says. In his view, Tier-1 giants like TCS … Read more