SWIGGY
BROKERAGE: JP MORGAN Price Target: Rs 730 CMP: Rs 582 Upside: 25.4%
- Company to catch up across food delivery (FD) and quick commerce (QC) with renewed focus and improved execution
- Stock trading at 32–42% discount to Zomato that appears overly pessimistic
- Bolt (10 min FD) could help Swiggy regain share
MOTILAL OSWAL FIN SERV
BROKERAGE: INVESTEC Price Target: Rs 1,200 CMP: Rs 954 Upside: 25.8%
- All operating businesses well-positioned and gaining market share
- Invests excess cash generated by operating businesses in equity, enhancing shareholder value
- Change in equity market sentiment is a key risk
DR REDDY’S LABS
BROKERAGE: NOMURA Price Target: Rs 1,500 CMP: Rs 1,326 Upside: 13%
- Upgrade stock to buy as risk-reward is favourable
- Relative underperformance of stock suggests that concerns about the high contribution of
- Revlimid are priced in Catalysts are sustaining aboveaverage market growth in India, and low-competition injectable launches in the US
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price