Indian stock market: Shares of India’s two leading food delivery aggregators—Zomato and Swiggy—have witnessed a sharp decline from their recent peaks, slipping to multi-month lows. The downturn comes amid a broader correction in domestic equity markets, with investors growing increasingly cautious about risky assets, and new-age tech stocks being no exception. Valuation concerns have also … Read more
Swiggy share price has the potential to more than double, while Zomato share price can jump nearly 40% from current levels, according to ICICI Securities’ latest report on these quick commerce stocks. Swiggy shares spiked as much as 7.72% to ₹351.60 apiece, while Zomato share price gained 3.42% to ₹229.65 apiece on the BSE Tuesday. … Read more
The stock market slump has sent a cautionary signal to new-age companies eyeing initial public offerings (IPOs) this year, according to nearly a dozen founders, CEOs, investors and bankers. While companies with strong financials can still make it to the bourses, there’s growing concern that the IPO window may not stay open for long, before … Read more