Latest Updates Around The World
Amid growing churn in high-growth parts of the market, investors’ focus is shifting from momentum-driven themes to valuation comfort and liquidity. The fast-paced trade, once a clear favorite, is now showing signs of fatigue as newcomers prepare to crowd an already frothy landscape. According to Sandeep Tandon, CIO at Quant Mutual Fund, the recent underperformance […]
India’s food and high-speed trading ecosystem is entering a decisive phase, marked by new entrants, deep-pocketed incumbents and increasing investor scrutiny of profitability. Even as a new player filed its draft Red Herring Prospectus (DRHP) this weekend, the sector remains flush with capital, with existing players sitting on nearly ₹40,000 crore of cash. While fundraising […]
Food and grocery delivery company Swiggy has raised Rs 10,000 crore in fresh capital through its qualified institutional placement (QIP), which closed on Friday, according to a filing with the stock exchanges.The Bengaluru-based company launched the QIP on Tuesday and allotted shares to leading domestic mutual funds and global investors at Rs 375 per share, […]
Bank of America Securities has upgraded Swiggy to ‘buy’ from ‘neutral’, saying the company is now “well positioned to strengthen its No. 2 market share in the quick com space” following its recent fundraising and a clearer path to improving margins. The brokerage has increased its target price from Rs 475 to Rs 490.BofA’s call […]
