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Quick commerce fires up record discounts with rivals getting quicker
Amazon and Flipkart's expansion intensifies competition in quick commerce. Discounting across platforms reaches record levels. This trend impacts various categories, including dairy and groceries. Average discounts rise significantly compared to two years ago. Experts attribute this to the increasing number of players. Intense discounting may lead to further cash burn for these companies.
Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?
Rapido has entered the food delivery space with an aggressive low-commission model, undercutting Swiggy and Zomato and shaking investor sentiment. Shares of Swiggy’s parent, Eternal, fell as much as 4% over two sessions. While Rapido lacks a dedicated fleet, analysts say its growing rider base and disruptive pricing could pressure incumbents' profitability and challenge their dominance.
Rapido’s fresh funding; Starlink’s gotcha moment
Rapido has bagged fresh capital from an investor ahead of its food delivery rollout. This and more in today’s ETtech Top 5.
Shares of Eternal, Swiggy drop as Rapido undercuts food delivery commission
Zomato and Swiggy shares declined following Rapido setting significantly lower commission rates for its food delivery foray, ranging from 8–15% compared to the 16–30% charged by the established players. This move has resonated with restaurant owners who have voiced concerns over the high costs associated with Zomato and Swiggy.
Bank, auto stocks drive Sensex over 400 pts higher, Nifty tops 25,100
Stock Market Today: Indian benchmark indices Sensex and Nifty traded higher for the fourth consecutive session, fueled by strong U.S. jobs data and progress in India-U.S. trade talks. The Reserve Bank of India's policy backing further boosted market sentiment. Positive global cues, particularly from Wall Street, also contributed to the optimistic start.
These large- and mid-cap stocks can give more than 30% return in 1 year, according to analysts
History suggests that recoveries in the markets are led by large-cap stocks. But in the past two years, because a large amount of money has started to flow into mid-cap MF schemes, there have been phases where the rally and recovery have been led by mid-caps. If we go with the assumption that the markets will remain in bullish mode, it would be better to have exposure to stocks from both the mid- and large-cap segments. It also ensures diversification both in terms of market cap as well as sector. Remember: There are a number of sectors that only have mid-cap companies and some of them are doing well.
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Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets ended higher on Thursday led by Reliance and financials, as investors anticipated a rate cut by RBI. Analysts suggest cautious optimism amid consolidation, foreign inflows, and global uncertainty.
Two Trades for Today: A metals major for almost 9% gain, an e-commerce large-cap for 6% rise
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 130.71 points up at 24750.9
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 130.71 points up at 24750.9
Eternal shares jump over 8% in 2 days. Here's why
Eternal shares: The rally was largely driven by Morgan Stanley reaffirming its ‘Overweight’ rating on the stock, with a maintained target price of Rs 320 per share.
Hemang Jani sees 15-25% upside for Swiggy, 18-22% for Eternal on strong cash position
Hemang Jani discusses the rising valuations of exchanges like NSE, highlighting its dominant position in options and potential growth post-IPO clearance, despite recent regulatory impacts. He favors NSE and MCX over BSE, citing stretched valuations for BSE.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 100.55 points up at 24720.75
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 129.9 points up at 24750.1
Market Wrap: D-Street breaks 3-day losing run amid RBI rate cut hopes; Sensex adds 261 pts, Nifty above 24,600
Indian benchmark indices, Sensex and Nifty, snapped a three-day losing streak to end higher on Wednesday, tracking gains in global markets and buoyed by investor optimism over a potential policy easing by the Reserve Bank of India in its upcoming meeting on Friday.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 77.71 points up at 24620.2
Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating
Morgan Stanley initiated coverage on Swiggy with an 'Overweight' rating and a price target of Rs 405, indicating a 22% upside. The brokerage highlighted strong growth potential in food delivery and quick commerce, valuing Swiggy as an emerging competitor to market leader Zomato with significant long-term earnings prospects.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 174.1 points down at 24542.5
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 174.1 points down at 24542.5
4 reasons why Morgan Stanley believes Eternal shares can rally up to Rs 320
Morgan Stanley remains bullish on Eternal (formerly Zomato), naming it a top pick with a target price of Rs 320, citing market leadership and a strong balance sheet. The brokerage projects India's Quick Commerce TAM to reach US$57 billion by 2030, driven by rapid customer growth.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 121.2 points down at 24595.4
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 74.15 points down at 24642.45
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 34.11 points down at 24716.6
Eternal block deal: BNP Paribas buys shares worth Rs 1,484 crore in Zomato parent
Eternal shares rose 5% on Friday, following a substantial acquisition by BNP Paribas Financial Markets, which invested Rs 1,484 crore in the food delivery firm. The Zomato operator a saw a couple of block deals by the French multinational bank's investment arm. Its shares were purchased at a premium of 4.3% over the Thursday closing price of Rs 228.37 on the NSE.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 82.9 points down at 24750.7
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 174.96 points down at 24826.2
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 174.96 points down at 24826.2
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 174.96 points down at 24826.2
Eternal shares could see $1.3 billion FII outflow, MSCI exclusion. Jefferies explains why
As of the March quarter-end, foreign ownership in Eternal stood at 44.8%. Commenting on recent market activity, Vivek Maheshwari of Jefferies noted, “Given the stock’s upward movement and increased volumes since the last shareholding disclosure, we believe FPI holding may have risen to around 46%.”
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