Deepak Shenoy highlights Swiggy’s potential as an investment, suggesting giving it two quarters post-IPO for better evaluation. He notes Swiggy’s initial challenges, like stock option-based compensation, but believes its rising performance and Instamart’s growth make it worth watching. Additionally, Shenoy mentions cautious optimism for cement stocks and LIC’s improving market share and premium growth.
Metal shares surge as West Asia conflict fuels global aluminium price spike
Indian metal stocks saw a significant rise today. Aluminium manufacturers led the gains. The closure of the Strait of Hormuz due to the West Asia