UBS believes Swiggy is well positioned to benefit from the rapid growth in India's food delivery and quick commerce markets with an estimated GMV and revenue CAGR of 35% and 29% over FY24-27e.
Siyaram Silk Mills stock hit a high of Rs 788, and was trading at its highest level since December 2017 in an otherwise subdued market on expectation of strong earnings.
Till 01:10 pm; a combined 27.04 million shares representing 8.5 per cent of total equity of Triveni Turbine changed hands on the NSE and BSE.
Experts said the institutional flows on Monday was largely a one-off event due to MSCI buying and selling and not a change in trend
Stock Market Highlights: The day ended in favour of the bulls, with 47 out of 50 constituent stocks of the Nifty50 ending in the green, led by ONGC, BEL, BPCL, and Shriram Finance
The regulator has proposed two means for the bourses to diversify their current ownership: a 100 per cent sell down of the holding in question or the initial offloading of a 49 per cent stake to
The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.
While the rally on Friday of 1,961-points was mostly led by positive global cues amid some buying in Adani group shares, the up move on Monday was triggered by the outcome of Maharashtra polls
Index heavyweights ICICI Bank, Reliance Industries, SBI and Infosys lead the market rally, contributing nearly 40 per cent of the day's gain on Friday
In Q2 the company delivered impressive 31.8% YoY revenue growth, of which 23.0% was organic, driven primarily by volume, with contributions coming from both its existing and newly launched centres.
Shares of specialty chemicals company Multibase India were locked in the 10% upper circuit and quoted at the highest level since September 2018.
NALCO shares continued their upward movement hitting a new high at Rs 252.65, up 5% in intra-day trades and have surged 15% in the past 3 days after China said it would cancel export tax rebates.
Siyaram Recycling Industries share price hit a new high of Rs 183.85, surging 16% on the BSE in Tuesday's intraday trade, amid heavy volumes.
KRN Heat Exchanger share price hit a new high of Rs 716.90, and was 10 per cent on the BSE in Monday's intra-day trade in an otherwise weak market.
At 11:15 am on Wednesday; Swiggy's market cap stood at Rs 100,148 crore (Rs 1.0 trillion), the NSE data shows.
The accelerating pace of equity supply is the key reason domestic equity markets are again developing a vulnerability to the volatility in foreign flows.
JSW Holdings, however, had reversed the day's gain and was quoting 6% lower, while the company issued a clarification on rise in trading volume at the counter.
The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.
Analysts believe Paytm's cost optimization measures and gradual business turnaround will put it on an early path to profitability.
Shares of Avalon Technologies hit a new high of Rs 849.45, as they surged 20% on the BSE in Friday's intra-day trade on heavy volumes.