GAGA Share Market News

[hfe_template id='11223'] [ad_1] Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730. This signals a downside potential of nearly 19% from the stock’s closing price on Monday. The brokerage firm noted that the company delivered strong results across all fronts, with losses declining more than expected. This positive performance was driven by higher revenue and lower employee stock ownership plan (ESOP) costs. Macquarie also highlighted a strong increase in the company’s gross merchandise value (GMV) and continued improvement in operating leverage. The brokerage firm believes there is an upside risk to Paytm's distribution revenue given the potential for higher take rates, according to its note. For the third quarter ended December 2024, the fintech major reported that its consolidated loss narrowed to Rs 208.3 crore, compared to Rs 2...

[hfe_template id='11223'] [ad_1] Shares of food-delivery company Swiggy surged 1.7% to their day’s high of Rs 587.30 on the BSE as the global brokerage firm JP Morgan has initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 730. This indicates an upside potential of 26.5% for the stock from the current levels. The global brokerage firm has highlighted Swiggy’s position as a "dark horse" in India's local services landscape and sees a significant growth potential for Swiggy, emphasizing the company's renewed focus and improved execution in both food delivery (FD) and quick commerce (QC). JPMorgan projects that Swiggy will achieve critical scale across its core businesses, outperforming its peers in profitability expansion between FY25 and FY28. This confidence stems from Swiggy’s ability to enhance operational efficiency while driving robust growth in its key segments. It has also been noted that Swiggy currently trades at ...

[hfe_template id='11223'] [ad_1] Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan Damani owned company aims to add 45 stores in FY25 with the medium term band at 45-60 stores per annum. Post the update, brokerage firms have revised their views on the stock. Here’s what they said: Macquarie: Outperform| Target price: Rs 5,600 Sales growth has moderated from Q1 levels while store additions are slightly below estimates. Sequential moderation in gross margins are also expected due to a change in the product mix. Also read: HDFC Bank Q2 Update: Deposits jump 15% YoY, advances under management surge 8% Goldman Sachs: Sell| Target price: Rs 4,050 Goldman Sachs has maintained a Sell rating on Avenue Supermarts with a targe...