Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Swiggy Shares Up 3% on Morgan Stanley 'Overweight' Rating
The Business Guardian
|June 04, 2025
Shares of food delivery and quick commerce major Swiggy rose 3 percent to Rs 342 in morning trade on June 3 after global brokerage Morgan Stanley initiated coverage with an "overweight" rating, setting a price target of Rs 405 per share.
This implies a potential upside of 22 percent from the stock's last close and places the firm's target slightly above Swiggy's IPO price of Rs 390.
The investment thesis hinges on three key pillars: Swiggy's strengthening performance in food delivery, the large and growing addressable market in quick commerce, and a mismatch between investor assumptions on capital outlay versus topline growth.
According to the brokerage, the food delivery landscape in India is expected to remain a two-player arena. As Swiggy tightens its execution, Morgan Stanley believes the company could close the profitability gap with its rival, Eterna or Zomato, in this segment.
Dit verhaal komt uit de June 04, 2025-editie van The Business Guardian.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business Guardian
The Business Guardian
Govt okays Rs 305-crore Tex-RAMPS scheme to boost R&D in textiles sector
The Government of India has approved a new central sector scheme, \"Textiles Focused Research, Assessment, Monitoring, Planning and Startup' (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country's textiles sector.
1 min
November 28, 2025
The Business Guardian
India's economy on strong footing as GST cuts boost demand, Inflation hits record low
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.
2 mins
November 28, 2025
The Business Guardian
HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA
With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.
4 mins
November 28, 2025
The Business Guardian
RURAL DEMAND LIFTS MICROFINANCE SECTOR AS LENDERS SEE SIGNS OF STABILITY
New Delhi: India's microfinance industry is witnessing a renewed upswing, supported by rising rural demand, improved repayment behaviour and early signs of asset quality stabilisation, according to experts and lenders.
1 mins
November 28, 2025
The Business Guardian
Tesla opens first all-in-one Centre in Gurugram
Tesla India announces the opening of its first Tesla Centre in Gurugram on Thursday, marking a major step in its plan to expand electric mobility in the country.
1 mins
November 28, 2025
The Business Guardian
NEW TELECOM CYBERSECURITY RULES IN FORCE: DOT
The ministry clarified through a press release that a subsequent inadvertent re-publication of the rules does not affect the validity of the original amendments.
2 mins
November 28, 2025
The Business Guardian
NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO
Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.
1 mins
November 28, 2025
The Business Guardian
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
1 mins
November 28, 2025
The Business Guardian
An enchanting evening with veterans and gems of Hindi Poetry
The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.
1 min
November 28, 2025
The Business Guardian
Govt approves Rs 305-crore Tex-RAMPS scheme to
The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.
1 min
November 28, 2025
Listen
Translate
Change font size