Global brokerage firm JPMorgan is the latest global firm to initiate coverage on the food delivery app Swiggy. The brokerage issued an overweight call with a target price of Rs 730 per share.Analysts at the brokerage were positive about the newly listed food delivery service and see it catching up across both food delivery and quick commerce due to a renewed focus and improved execution. The note ...

Morgan Stanley On WiproUnderweight Call, Target At `250/ShAfter Capco (2021) & Rizing (2022) Acquisition, See Applied Value Tech Acqn Being Relatively SmallSee The Acqn Supporting More Of Capability Boost & Adding Some Marquee Clients To PortfolioGiven Small Scale, See Acquisition Having A Limited Impact On Financials In FY25/FY26CLSA On ITTCS, Infosys & Wipro, In Their Quarterly Preview, Showed C...

Shares of newly listed Afcons Infrastructure gained 5 percent to Rs 568 to hit a fresh record high on December 17, extending gains for a second trading session in a row after Investec initiated coverage with a 'buy' call and assigned a price target for the stock.With a price target of Rs 630, the brokerage anticipates an upside potential of 17 percent from the last closing price of Rs 540 on the N...

Shares of Nuvama Wealth Management worth Rs 2,100 crore were sold in a block deal on the exchanges on December 12 with two Edelweiss group entities--Edel Finance Company and Ecap Equities being the likely sellers. Around 30 lakh shares, making up an 8.4 percent stake in Nuvama Wealth, changed hands at an average price of Rs 7,025 per share, a near 4 percent discount from Wednesday's close.Followin...

Shares of Glenmark Pharma surged over 4 percent in early trade on December 10 after the company stated that the first clinical data of its blood cancer drug showed a positive response rate of 83 percent.  The positive development, essential for the successful clinical trial of Glenmark's blood cancer drug, bolstered sentiment for the stock.In an exchange filing, Glenmark Pharmaceuticals announced...