Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. Analysts at Axis Capital view Swiggy as a compelling investment opportunity, …
Swiggy shares surged to a new record high on December 16 after domestic brokerage Axis Capital initiated coverage on the food delivery and quick-commerce platform with a strong recommendation. BROKERAGE VIEW Axis Capital’s report highlighted Swiggy as a strong investment opportunity, calling it India’s second-largest player in the food delivery and q-com space. RISKS TO WATCH While Axis Capital is …
Amazon is entering India’s quick commerce race, close on the heels of pilots from Flipkart and Reliance. The rise of Big QCom, if we may call it that, is likely to disrupt the country’s retail trade in all its forms and also impact other segments of this industry. Traditional retailers, the kirana or corner shops, are likely to be impacted …
The newly-established Beijing Stock Exchange started trading on Nov 15. East China's Zhejiang province is home to three of the 81 companies that are currently listed on the Beijing bourse, the third one to be operational in China following the decades-old Shanghai and Shenzhen bourses. Of the 81 BSE-listed companies, 71 were directly transferred from the NEEQ Select, the highest …
