Nuvama Institutional Equities initiated coverage on Swiggy with a ‘Buy’ rating and a target price of ₹510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggy’s turnaround in execution, noting it now outpaces Zomato’s growth and stands among India’s largest hyperlocal delivery players.Read More
Investor enthusiasm for Groww’s ₹6,632 crore IPO has tempered, with its grey market premium slipping to ₹5 (5%) above the issue price of ₹100 on allotment day. Despite strong subscription, the soft GMP signals caution over near-term listing gains.Read More
Investor sentiment toward new-age tech IPOs has cooled sharply after Lenskart’s weak debut. Grey market premiums (GMPs) for Groww, PhysicsWallah, and Pine Labs have plunged to just 2–5%, reflecting caution among investors. Analysts say high valuations and tepid demand have dampened near-term enthusiasm for digital-first companies hitting Dalal Street.Read More
Shares of Nalco rose sharply on Monday after the PSU reported a 37% YoY surge in Q2 profit to Rs 1,430 crore and announced a hefty interim dividend of Rs 4 per share. Strong margins, higher aluminium realisations, and progress on refinery expansion projects further boosted investor sentiment and extended the stock’s rally.Read More
In an era of career uncertainty, relying on a single paycheck is risky. Bonds are emerging as a preferred asset class for passive income in India, offering predictable 10-14% annual returns. This provides a steady cash flow, much like a secondary salary, ensuring financial stability and security for investors across all life stages.Read More
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