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The brokerage has downgraded Zomato from 'Buy' to 'Neutral', and cut its price target to 250 per share, and Swiggy to 'Underperform' from 'Buy' with price target slashed to 325.
Category:
News and Media
The floor price has been set at 1,625 per share, a 4.9% discount to Wednesday's closing price of 1,695 on NSE. The base offer comprises 10.6 million shares (6.8% stake) worth 1,717.4 crore, along with a greenshoe option of 5.3 million shares (3.4% stake) valued at 858.7 crore.
Category:
News and Media
Singh said 23,700-23,800 remains a strong zone of resistance for the Nifty and sees the index trading in the range of 23,300-23,800 in the absence of any major trigger.
Category:
News and Media
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