Swiggy launched its IPO with a reduced valuation of $11.3 billion, down from its initial target of approximately $15 billion. Through this issuance, the company aims to raise around Rs 11,300 crore, which includes a fresh equity sale of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.
Posts in category Economic Times
Avenue Supermart 0.08% as Sensex (08-11-2024)
The stock traded at a P/E multiple of 93.89, while the price-to-book value ratio stood at 15.76.
Ambuja Cements shares 0.93% as Sensex falls (08-11-2024)
A total of 16,977 shares changed hands on the counter till 12:23PM (IST)
Share price of Havells India as Nifty (08-11-2024)
A total of 3,873 shares changed hands on the counter till 12:13PM (IST).
ABFRL Q2 Results: Firm posts net loss of Rs 215 crore (08-11-2024)
Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter due to higher depreciation and interest costs. Despite this, the company saw revenue growth driven by newer businesses and established brands. ABFRL recently announced the de-merger of its Madura business into a separate listed entity, ABLBL.
Share price of ICICI Lombard as Sensex drops 181.74 points (08-11-2024)
A total of 1,661 shares changed hands on the counter till 12:03PM (IST)
Infosys, Wipro among 5 stocks with long buildup (08-11-2024)
Five stocks saw fresh long positions on November 8, with increasing open interest and rising prices, signaling a bullish trend: Indian Hotels, Wipro, OFSS, Infosys, and Page Industries.
Chola Inv Finance shares 0.74% as Nifty drops (08-11-2024)
A total of 5,374 shares changed hands on the counter till 11:58AM (IST).
Market volatility expected to persist amid US policy uncertainty: Gautam Trivedi (08-11-2024)
So, if that were to come through, will foreigners still continue to put money into China and as a result sell India? So, the bigger question really is how much more foreign selling is left and what is India’s ability to absorb that foreign selling.
Why Sandip Sabharwal will like to add this bank stock on dips (08-11-2024)
Market analyst Sandip Sabharwal sees potential in IDFC First Bank after a 35% drop, citing strong asset quality. He’s also keeping an eye on SBI’s results, particularly its asset quality and CASA ratio, given its aggressive unsecured lending. While cautious about PSU banks, Sabharwal acknowledges their recent performance and suggests SBI’s results could influence the sector.