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2024-11-13 06:46:19| The Economic Times

Macquarie raises Zomato's target price to Rs 130 but maintains an 'underperform' rating due to growth risks. Zomato's competitor Swiggy also attracts mixed ratings from brokerages.

Category: News and Media

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2024-11-13 06:10:21| The Economic Times

Prosus NV, Tencent's top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. Prosus and Naspers Ltd. invested $1.3 billion for a 31% stake in Swiggy, which is aiming for an IPO valuation of up to $11.3 billion in India.

Category: News and Media

2024-11-13 05:54:19| The Economic Times

Hyundai Motor India Share Price: Hyundai India's shares tumbled over 5% after the company reported a 16% decline in Q2 profit, citing weak demand and high discounts. Despite the challenging market conditions, several brokerages remain optimistic about Hyundai's long-term growth prospects, driven by its SUV lineup and export opportunities.

Category: News and Media

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14.11 HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430 14.11 Gold will eventually get its shine back, but now its all about dollar: Jonathan Barratt 14.11 Pakistan: PIA likely to be sold to a foreign government via SIFC 14.11 Bangladesh Attorney General calls for major constitutional changes, wants 'secularism' removed 14.11 Jio Financial Services shares surge over 6% on inclusion in F&O segment 14.11 Key Eurasian states take a major step on green energy at Baku COP 14.11 PI Industries shares nosedive 9% as Q2 results disappoint Street 14.11 1 million migrants in the US rely on temporary protections that Trump could target More »