International brokerage firm HSBC has reiterated its “Buy” call on Eternal, raising its target price to Rs 390 per share from Rs 340, citing clear scale and profitability leadership in both food delivery and quick commerce, while maintaining a “Hold” and Rs 430 target on Swiggy due to continued execution risk and slower margin progress…
Mumbai: Shares of online delivery company Eternal surged more than 10% on Tuesday despite a sharp fall in fiscal first quarter net profit as brokerages raised target prices after strong management commentary and the company’s quick commerce platform, Blinkit, recording robust performance during the period. The stock hit an all-time high of ₹311.3 during the…
September 6, 2024September 6, 2024 Rapido secured USD 200 million in a funding round led by current investor WestBridge Capital. The ride-hailing app Rapido has reached a valuation of USD 1.1 billion, as per a report by the Economic Times on September 5, 2024. The funds obtained will be…