Category: Stock

JM Financial wants a deep-pocketed player to acquire Swiggy. Here’s why

Arguing that Swiggy Instamart‘s current strategy risks prolonged value destruction despite a resilient food delivery franchise, domestic brokerage firm JM Financial has said that a takeover by a deeper‑pocketed internet or e‑commerce major is now the “best possible outcome” for Swiggy investors. While downgrading Swiggy to Reduce from Add, the brokerage has also slashed its […]

Adani Green, Adani Enterprises, Adani Ports shares rally up to 13%. Here are 3 reasons behind Rs 1 lakh crore surge

Adani Group stocks, including flagship Adani Enterprises, Adani Green Energy and Adani Ports, rallied up to 13% on Wednesday after billionaire Gautam Adani, India’s second richest person, moved a U.S. court seeking dismissal of the Securities and Exchange Commission’s (SEC) civil fraud case. In a related development, the US District Court granted Adani’s request for […]

Rs 15L cr added! Sensex zooms 2,800 pts, Nifty above 23,950. From Iran ceasefire to oil crash, check 5 key factors

Indian stock markets surged sharply on Wednesday morning, with the Sensex and Nifty zooming over 3.5% each, driven by a temporary US-Iran ceasefire, a steep drop in oil prices, and other supportive factors, extending gains for a fifth straight session. Sensex rallied over 2,800 points to the day’s high of 77,456, while the Nifty50 gained […]

Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolio

Jefferies has turned more cautious on India’s travel universe as the Iran–Middle East war dents international traffic, lifts fuel costs and weakens inbound tourism. It has trimmed earnings for airlines and hotels but continues to prefer airport stocks. The brokerage says the Middle East conflict has created downside risk from softer international traffic and higher […]

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