Retail portion covered fully on Day 1

Geojit considers Swiggy’s strong brand recall, diversified offerings, integrated app, rapid scaling, consistent innovation, expansion of dark stores, and promising industry outlook.

According to Rajan Shinde, Research Analyst at Mehta Equities, Swiggy’s market cap to sales ratio of 7.8x appears fairly valued compared to competitor Zomato.

Analysts view Swiggy’s diverse portfolio, encompassing food delivery, grocery services, and restaurant reservations, as a competitive advantage over rivals like Zomato.

Swiggy confronts intense competition from Zomato in the food delivery sector, potentially impacting its market share and customer acquisition costs.

Macrotech Developers acquires Bain Capital’s stake in three joint digital infrastructure platform entities for Rs 307 crore

Swiggy IPO: Retail portion booked 0.84 times, QIBs 0.28 times, NIIs 0.14 times, and employee portion 1.15 times.

While acknowledging Swiggy’s growth potential in hyperlocal commerce, Bajaj Broking cautions investors about ongoing financial risks.

Honasa Consumer Limited trading at ₹386.35 down by ₹1.50 or 0.39 per cent

Swiggy operates in an oligopoly market: Motilal report

The collaboration will support EaseMyTrip’s existing co-branded credit and debit card programs with its bank partners, while also paving the way for new co-branded credit card launches

Swiggy’s B2C operations account for 61 per cent of revenue and its B2B supply chain segment contributes a substantial 39 per cent, marking a key distinction from Zomato’s business structure

Experts believe that the markets may consolidate in the near term, with key support levels at 23,800-24,000 for the Nifty 50

Sharekhan

Emkay Global

Damodaran emphasises the importance of accountability, suggesting that the SEBI chairperson report to Parliament biannually

Sensex, Nifty updates on November 8, 2024: Indian equity indices ended lower on TFriday, with the Sensex down by 55.47 points at 79,486.32 and the Nifty falling 51.10 points to 24,148.20. Market breadth was negative, with 1,314 shares advancing and 2,475 declining. Sector-wise, IT gained 0.7 per cent, while media, PSU Bank, and metals dropped. Midcap and smallcap indices shed 1 per cent and 1.6 per cent, respectively.

Buzzing stocks: Tata Power, MOIL, Lodha, Aurionpro, Brigade group, Rushil Decor, INOX India, Northern Arc, Embassy REIT, SBI, LIC, Ola, Tata Motors, Premier Energies, Ashok Leyland, Equitas SFB

The CBI in Madurai had issued the notice to the private finance company official to cooperate in the investigation into the case of gold jewellery missing from Punjab National Bank, Pudukkottai Branch, in 2019

The ceremony marks the end of Kanda Sashti festival which started with ‘Kappu Kattudhal’ ceremony. 

Karisal literary festival to be held in Sivakasi on Dec 14, 15

According to a copper plate of the Muthukumara Vijayaragunatha Sethupathi Kaathathevar, one will incur the sin of killing a Kaaram Pasu, if one misappropriates the proceeds from Pakkiri Puthukulam village donated to the Habil and Qabil Dargah, which is a few yards away from the house of late President A.P.J. Abdul Kalam

Chettikulam Deivanayagam started a school for girls in 1904. It was named after his wife Thayammal who died young. He introduced free meals and followed reservation in admission. He also started a teachers’ training institute in 1947

AIADMK leader and former Revenue Minister R.B. Udayakumar visited a few low-lying areas in Madurai city that were affected by the recent spell of rains

Preliminary inquiries revealed that the Sub-Registrar, named Veerakumar, was posted in Vilangudi about 18 months ago, and there were complaints against the official demanding bribes from several people 

200 beneficiaries selected by the Tamil Nadu Widows and Destitute Women Welfare Board will receive ₹50,000 each to establish self-employment ventures