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HSBC reiterates Buy on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy remains on Hold due to slower margin growth, high cash burn, and execution risks, despite rising average order values. Eternal outperforms in quick commerce and food delivery segments.
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Foreign portfolio investors (FPIs) offloaded Rs 16,422 crore worth of Indian equities last week, driven by concerns over valuations and new policy measures of US government but the sentiment is set to reverse, analysts said on Sunday.
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News and Media
20 IPOs open soon on Dalal Street; Fabtech leads with 18% GMP, others show 610% or flat. Early grey market activity hints at listing gains and investor interest.
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News and Media
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