Latest Updates Around The World
With the Union Budget just a day away, sharp moves in defense stocks and changing sector dynamics are making investors more selective, said market expert Sandip Sabharwal. Speaking to ET Now, Sabharwal emphasized that while the defense theme remains structurally strong, stock selection will be crucial going forward.He said the defense sector has gone through […]
Food delivery and quick-service company Swiggy on Thursday reported a consolidated net loss of Rs 1,065 crore, higher than the loss of Rs 799 crore recorded in the year-ago period. The loss will be borne by the company’s owners.Operating income from operations stood at Rs 6,148 crore in Q3FY26, up 54% year-on-year (year-on-year) compared to […]
India’s primary market is set for an active week, with four companies looking to raise around Rs 2,066 crore through initial public offerings, led by logistics firm Shadowfax Technologies, even as investor focus remains on upcoming listings such as Bharat Coking Coal and Amagi Media Labs.Investors will be watching a total of seven listings next […]
India’s overall GDP growth may look impressive, but equity markets are likely to focus more on earnings acceleration and valuation comfort going forward, said GV Giri, president and head of research at IIFL Capital.Speaking to ET Now, Giri said India’s reported real GDP growth of 8.2% should be viewed with caution as it is supported […]
UBS has cut adjusted EBITDA estimates for Eternal (Zomato) by 10-18% and for Swiggy by 12-28% for the next two to three fiscal years, citing increasing competition in India’s fast-trade sector slowing margin recovery. The analyst revisions pose a significant challenge for both platforms as they compete for market share in a segment characterized by […]
Swiggy has been attracting steady interest from major institutional investors, including Foreign Institutional Investors (FIIs) and Mutual Funds (MFs). When such institutions consistently increase their stake in a company, it often reflects strong confidence, as these investors typically commit capital only after detailed research. Retail investors often keep a close eye on these trends to […]
Global brokerage firm Bernstein expects Eternal’s high-speed trading arm Blinkit to continue to outpace rivals Swiggy, Instamart and Zepto in 2026, even as increasing competition keeps profitability volatile and stock returns likely to be uneven throughout the year.Bernstein says Eternal is favored in the industry, citing Blinkit’s stronger operating metrics, lower cash burn and more […]
Shares of Waaree Energies fell as much as 2.7% on Tuesday, extending a brutal sell-off to a ninth straight session and dragging the stock down nearly 15% in just over a week, while weak technical cues continued to weigh on investor sentiment despite a recent capital raise at the energy storage arm.The stock fell to […]
NEW DELHI: Food delivery giants Zomato, Swiggy and Magicpin reported a huge surge in orders on New Year’s Eve and said operations remained largely unaffected despite a nationwide strike call from a section of gig workers demanding better wages and working conditions.Eternal founder Deepinder Goyal shared a post on ‘Remove the 10-minute delivery option’: Gig […]
After a volatile and largely disappointing 2025 for equity investors, seasoned market expert Dipan Mehta, director at Elixir Equities, believes 2026 could mark a meaningful turnaround – driven by an earnings rebound, selective stock selection and a shift towards export-oriented sectors.Speaking to ET Now, Mehta said 2025 looked like a ‘bear market in disguise’ despite […]
