Dipan Mehta, Director of Elixir Equities, expresses disappointment in the current earnings season, particularly highlighting the automotive sector’s cyclical downturn. He advises holding onto stocks without increasing investment, and caution against new IPOs like Swiggy amidst market uncertainties. For companies like Ola Electric, he suggests waiting for clear profitability signals before considering investment.
Swiggy management on increasing size of IPO to Rs 4499 cr, Q-commerce strategy & more
Swiggy is raising Rs 4,499 crore through an IPO to invest in its quick commerce business and expand its dark stores. The company plans to
October 30, 2024