GAGA Share Market News

[hfe_template id='11223'] [ad_1] Swiggy shares fell up to 9.55% to Rs 433.25 on BSE in the morning session on Tuesday after peer Zomato surprised investors by reporting a slowdown in the food delivery business. The Q3 miss led brokerages to downgrade Zomato shares as well as cut target prices. Zomato shares fell 11% to Rs 214 on BSE as target prices fell to as low as Rs 130 given by global brokerage firm Macquarie. Nomura reduced target price from Rs 320 to Rs 290, Jefferies to Rs 255 from Rs 275, Nuvama from Rs 325 to Rs 300, and Kotak Equities from Rs 305 to Rs 275. Zomato’s food delivery GOV growth came in at 17% YoY and missed estimates by 1.8%. The company's management also pointed out that the food delivery business is going through a broad-based slowdown in demand, which started during the second half of November. All this had a negative impact on Swiggy shares as well, which have already lost about 25% of its value from peak. Also read | Zomato, Swiggy shares...

[hfe_template id='11223'] [ad_1] IIFL Securities has initiated coverage on Bajaj Housing Finance with an “add” rating and a target price of Rs 125, noting that while the company’s growth trajectory is impressive, the near-term upside on a one-year horizon remains negligible. The brokerage recommends the stock for long-term investors looking to add during price corrections. The brokerage underscored Bajaj Housing Finance’s rapid growth since its inception in 2018, positioning it as the second-largest and one of the most diversified housing finance companies in India, with an assets under management (AUM) of Rs 1 trillion and a 1.6% market share in home loans. "We believe that BHFL has the necessary advantages to deliver AUM/PAT CAGR of ~25%/20% over the next five years, similar to the growth pace of early FY10s e-HDFC Ltd," IIFL Securities stated. Despite Bajaj Housing Finance’s robust foundation and potential for long-term growth, the brokerage expressed cautio...

[hfe_template id='11223'] [ad_1] The shares of Oravel Stays Limited, which owns and runs the brand Oyo are being traded in the Rs 53 to 55 range, translating to a valuation of nearly $ 4.4 billion. This is 28% below the high of Rs 77 per share it had touched in February 2024. The price had dipped to Rs 38 in June this year during the Rs 1457 crore Series G primary raise Oyo had conducted at Rs 29 per share. Since then the shares have been on an upswing, but haven't been able to match the high achieved earlier this year. Oyo reported a Rs 158 crore net profit in quarter two of financial year 2025 and a financial year 2026 projected EBITDA of Rs 2000 crore. At Rs 291 crore, Oyo has already surpassed in half a year, FY2024’s full year profit of Rs 229 crore. Despite the improved financial performance investors are watching the market closely due to sustained FII selling in the listed equity space. Oyo has a high likelihood of launching an IPO in the future, and investor...

[hfe_template id='11223'] [ad_1] InvestorAi, AI-powered equity investment platform, has announced that it has raised Rs 80 crores in a Series A round from well-known investor Ashish Kacholia, Founder, of Lucky Investment Managers, and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai-based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction, according to a press release. Ashish Kacholia, Founder, Lucky Investment Managers posted on social media platform X mentioning that his new investment is in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers. “My new investment in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers such as HDFC Securities, Geojit, PL, Axis securities, and at https://...

[hfe_template id='11223'] [ad_1] BENGALURU- Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options. The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins. Shares of Angel One, 5Paisa Capital, SMC Global Securities, Motilal Oswal, Geojit Financial, Dolat Algotech and IIFL Securities fell between 1%-5%. "Exchanges and retail focused brokers will be most impacted. Highest impact can come from reduction in the number of weekly option contracts," Jefferies said in a note. "BSE can offset impact and even gain, if volumes spillover from discontinued products to those which are continued." Shares of exchange operator BSE rose 6%. India has been flagging risks from speculative trading by retail investors, who have ...

[hfe_template id='11223'] [ad_1] The regulatory order to stock exchanges to collect uniform levies could shrink brokerage incomes by more than ₹2,000 crore, disproportionately affecting discount platforms and dashing popular zero-brokerage plans. Shares of several brokerages fell up to nearly 9% on Tuesday after the Securities and Exchange Board of India (Sebi) instructed market infrastructure institutions (MIIs) to not differentiate among cli ents based on volumes, from October 1. MIIs include stock exchanges, clearing corporations and depositories. “With this circular, we will, in all likelihood, have to let go of the zero-brokerage structure and/or increase brokerage for F&O trades,” said Nithin Kamath, founder and chief executive of Zerodha. Volume-based Discounts Sebi’s order could now force large discount brokerages to either drop the zero-payment plans or raise rates, potentially sacrificing margins or the client base. “Under the previous practice between MIIs...