JM Financial
Brokerage firm JM Financial has initiated coverage on foodtech major Swiggy, giving it a 'buy' recommendation and setting a price target of INR 470, representing a potential 20% upside from its IPO's upper price band of...
Honasa Consumer Ltd, the parent company of D2C brand Mamaearth, saw its shares fall by over 6% during intraday trading on Monday (August 12), despite reporting a more than 60% rise in net profit for the...
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Luxury furniture brand Stanley Lifestyles to raise INR 537 Cr via IPO, issue opens June 21
Stanley Lifestyles, the lu͏xury fur͏ni͏t͏ure brand, announced͏ o͏n Friday it͏s pla͏n to ra͏ise INR 537 crore͏ through its͏ in͏i͏tia͏l public offering (IPO), s͏chedu͏led to...
JM Financial Private Equity invests INR 45 Crore in ‘Clear Premium Water’ to accelerate growth and market expansion
JM Financial Private Equity (JMFPE), a division of the Mumbai-based financial services conglomerate, JM Financial, is injecting INR 45 crore into Energy Beverages Private...
Zomato’s strong Q3 performance spurs brokerage firms to boost price targets; Blinkit expansion drives optimism
Brokerage firms such as Jefferies, Nuvama, and Kotak have increased their price targets (PT) for Zomato stock following the foodtech giant's announcement of a...
Clensta taps JM Financial for expansion, fortifying its robust omnichannel presence
Clensta, a personal care brand backed by Parineeti Chopra, has engaged JM Financial, a prominent investment banking firm in India, to serve as its...
Zomato achieves new 52-week high at INR 123.9 following strong Q2 performance
Zomato's stocks surged by as much as 6.4% during intraday trading on the BSE on Monday, hitting a new 52-week high of INR 123.9....
Gopal Snacks preps for IPO with boost of INR 100-200 Crore from 360 One Asset, Axis Fund, and White Oak
Gujarat-based Gopal Snacks is in the process of preparing for its planned initial public offering in 2024. As part of this, it has attracted...
Samhi Hotels racks up INR 616.54 Crore investment as it prepares for forthcoming share sale
Samhi Hotels, on Wednesday, disclosed that it secured INR 616.54 crore from anchor investors in preparation for its forthcoming initial share sale. As per...
Invesco maintains confidence in Swiggy, holds valuation steady at $5.5 Billion
Invesco, the Atlanta-based investment firm, has maintained the valuation of the Indian foodtech giant Swiggy at $5.5 billion as of April 30, 2023, as...
Food delivery aggregators contribute one-third of eateries’ revenue: JM Financial report
Despite the fact that approximately 75% of restaurants have their own direct ordering channels, including their own apps, websites, social media connections, and direct...
Zomato’s growth projection for FY23-27 reduced to 21% by JM Financial, down from earlier prediction of 25%
Zomato, the popular food delivery firm, has been forecasted to achieve a compound annual growth rate (CAGR) of 21% during FY23-27, according to a...