NSE F&O inclusion: Zomato, Jio Financial likely to enter Nifty50
The inclusion of Zomato and Jio Financial Services in the Nifty50 would lead to fund inflows of $607 million and $372 million, respectively.
The inclusion of Zomato and Jio Financial Services in the Nifty50 would lead to fund inflows of $607 million and $372 million, respectively.
The foodtech stock gained 7.3% to hit a high of ₹489.25 on second day, after ending 16.9% higher at ₹455.95 on listing day.
Swiggy and Zomato are known for their playful social media banter which generate massive buzz on the Internet.
Swiggy shares listed at ₹420 on the NSE, a premium of 7.7% over the issue price of ₹390 apiece.
As firms bet big on brand visibility, cumulative advertising and publicity spend of BSE 500 companies hit ₹80,000 crore.
Emphasising the impact of rising capital costs on profitability and efficiency, Harshjit Sethi, managing director at Peak XV Partners, offers insights into India’s shifting startup landscape.
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
Zomato CEO Deepinder Goyal clarified concerns about a recent raid at its Hyperpure warehouse in Hyderabad, where items with 'future date of packing' were found
The IPO is a mixture of a fresh issue of shares worth ₹4,500 crore and an offer for sale of ₹6,800 crore by existing shareholders.
The food delivery platform clarified that the fee hike applies to select cities