Motilal Oswal Financial Services has given Swiggy a neutral rating with a target price of Rs 475. They believe that Swiggy’s food delivery business is stable and will continue to grow. However, they are concerned about the gap between Instamart and Blinkit in the quick commerce space. On mid-mile and last mile variable costs, Instamart is, however, strikingly, better than Blinkit.
Posts in category Economic Times
Vedanta shares in focus as subsidiary partners with GAIL Gas for sustainable aluminium production (21-11-2024)
Shares of Anil Agarwal-led Vedanta are expected to remain in focus on Thursday following news that the company’s subsidiary, Vedanta Aluminium, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter.
CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue (21-11-2024)
CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.