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.
Nifty Bank lot size increases to 35 with effect from July 31 for monthly expiries
NSE has revised lot sizes for derivative contracts on Bank Nifty (from 30 to 35) and Nifty Midcap Select (from 120 to 140), effective July