HDFC Securities has initiated coverage on Swiggy, assigning an “Add” rating with a target price of Rs 430, based on the company’s strong brand presence and user base. While the brokerage is optimistic about Swiggy’s growth potential in quick commerce, it cautions that operational challenges may affect long-term profitability.
Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Spandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board