Borosil shares rose 6% after the company launched a QIP issue of Rs 2,500 crore.
CLSA sees Zomato growing faster than Swiggy, estimating a 25% upside.
International brokerage firm CLSA expects food delivery major Zomato to outperform Swiggy on several metrics. As a result, CLSA analysts have set a target price of Rs 248 for the stock, reflecting an upside potential of 24.7%.
“Our price target is based on a 50/50 blend of discounted cash flow (DCF) and relative price-earnings (PE) valuation, reflecting Zomato’s long-term growth and near-term momentum. For the PE portion, we value Zomato’s food delivery business using a target multiple of 41x applied to CL March 2026 earnings per share (EPS). This represents a 30% discount to Jubilant’s quick service restaurant (QSR) coverage universe of 58x based on its historical 10-year average multiple,” CLSA said in a note. read more
Allied Blenders IPO launches: Is the Officer’s Choice whiskey maker worth bidding for?
Allied Blenders and Distillers Limited has announced its initial public offering (IPO) through a bookbuilt issue aimed at raising Rs 1,500.00 crore. The IPO comprises of a fresh issue of 3.56 crore equity shares worth Rs 1,000.00 crore and an offer for sale of 1.78 crore equity shares worth Rs 500.00 crore.
Allied Blenders and Distillers had raised Rs 4,491 crore from anchor investors on June 24. Major investors included Nippon Life India Trustee, JM Financial Mutual Fund, Jupiter India Fund, Winro Commercial and Awesome Investment and Infrastructure, among others. read more
The small-cap stock has risen 42% in two days and nearly doubled in 13 days.
ITC, NTPC, LIC Housing are among 10 F&O stocks to watch ahead of June maturities
With three trading sessions remaining until the June futures and options (F&O) expiry, stock and index futures trading in the F&O segment is likely to attract attention in the short term, given the obligation to settle positions upon expiry and rollover to the next month’s series.
Therefore, open positions and corresponding options data play a key role in determining short-term trends of underlying assets and indices. Options data is read in terms of PCR (Put-Call Ratio). read more
KIMS shares rise 6% after stock split proposal. Read more
Krishna Institute of Medical Sciences (KIMS) shares rose 6.4 per cent to Rs 2,187 per share in intraday trade on the BSE on Tuesday. The company’s shares rose 7.13 per cent and have risen 22 per cent in the past one year.
The stock is currently trading near its 52-week high of Rs 2,357, recorded on February 29, 2024. The hospital chain hit its 52-week low of Rs 1,625.05 on October 16, 2023. read more
Amara Raja signs technology license agreement with GIB Energy X, shares rise 20%
Amara Raja shares hit all-time high: Shares of Amara Raja Energy & Mobility (ARE&M) surged 20 per cent to a record high of Rs 1,655 in intraday trade on the BSE on Tuesday after its wholly owned subsidiary Amara Raja Advanced Cell Technologies Pvt. Ltd. (ARACT) signed a technology licensing agreement with GIB Energy X Slovakia Pvt. Ltd., a subsidiary of Gotion Hitech Pvt. Ltd.
As part of the agreement, GIB EnergyX will license Gotion’s world-class LFP technology for lithium-ion batteries to ARACT, the company said in a regulatory filing. read more
WTI Crude Oil Strategy, June 25: Supply Shortage, Outlook Bullish, Support at $77
Asian stocks slump, yen hits record low, government bonds little changed
Asian shares were weak on Tuesday and a battered yen hit a record low against the euro, while intervention risks limited further declines against the US dollar.
Bonds were little changed amid caution ahead of the release of key U.S. inflation data on Friday. Investors remain cautious about how political shifts in major economies could affect their positions, with the first U.S. presidential debate on Thursday and the first round of voting in France’s elections over the weekend. read more
