Rs 325 or Rs 470? Swiggy share price targets leave investors confused after listing
Like most other big IPOs, Swiggy too made a muted debut on Dalal Street by listing at a small premium of 8% over its issue price. Since Swiggy is currently loss-making at consolidated level and believed to be at least 2-3 years away from PAT level break-even, investors are refraining from making bold bets. After…
READ MORE
Nomura, Macquarie initiate coverage on Hyundai Motor on listing day, signal up to 26% return
Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs…
READ MORE
JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077
JSW Steel shares surged 4% to its dayβs high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India’s metals sector. In addition to upgrading JSW Steelβs rating to outperform, Macquarie has also raised the…
READ MORE