Indian food delivery giant Swiggy Ltd. is reportedly preparing to raise up to 100 billion rupees ($1.1 billion) from institutional investors as early as next week. The company has shortlisted Citigroup, JPMorgan Chase, and Kotak Mahindra to manage the potential share sale, which was approved by its board on November 7th.Read More
When large institutional investors like mutual funds put money into a stock, it’s often a signal worth paying attention to. These funds carry out extensive research and focus on long-term growth, investing only when there’s strong reasoning behind it. But what happens when some of their most favored stocks plummet by as much as 55% from their highs?Read More
Dipan Mehta of Elixir Equities discusses select mid-cap and sectoral stocks. He sees potential in Force Motors for long-term investors. Mehta anticipates a short-term trading rally in IT stocks but remains structurally cautious. He acknowledges missing Wockhardt but prefers waiting for the hype to subside. CDMO and contract manufacturing players are viewed positively.Read More
Emmvee Photovoltaic rose sharply on Tuesday after the company reported a stellar Q2FY26 performance, with net profit jumping 578% YoY to Rs 238 crore and revenue rising 181%. Strong demand for high-efficiency solar modules, improved margins, and IPO-led debt reduction strengthened its financials as the company positions for growth in India’s expanding renewable energy market.Read More
Wockhardt Ltd shares jumped over 4% to ₹1,533, extending a two-day rally after surging nearly 20% on Tuesday. The rise follows the US FDA’s acceptance of its New Drug Application for Zaynich, a first-in-class antibiotic, marking the first NDA approval for a New Chemical Entity by an Indian pharma company.Read More
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