Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as India’s largest commercial vehicle technology platform, driven by its expanding tolling and telematics offerings and improved profitability. The company has significantly digitized India’s trucking ecosystem, serving a substantial portion of the trucker base.
Can Lumino Industries IPO deliver long-term growth for high-risk investors?
Lumino Industries plans a ₹700 crore initial public offering to reduce debt and boost manufacturing capacity. The company expects to benefit from increased demand for