I-Sec reiterates Buy on Swiggy, target price Rs 740
ICICI Securities
has reiterated its
buy call
on
Swiggy
with a target price of Rs 740. The current market price of
Swiggy
is Rs 357.85. Swiggy, incorporated in 2013, is a Small Cap company with a market cap of Rs 88362.38 crore, operating in the Services sector.
Swiggy's key products/revenue segments include Platform Services, Other Operating Revenue and Sale of Food for the year ending 31-Mar-2024.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Buy One, Get One Free, Up To 50% Discount, Expiring Soon
Original Adidas
Shop Now
Undo
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4530.71 crore, up 10.62 % from last quarter Total Income of Rs 4095.84 crore and up 44.14 % from last year same quarter Total Income of Rs 3143.24 crore. The company has reported net profit after tax of Rs -1078.96 crore in the latest quarter.
The company's top management includes Mr.Anand Kripalu, Mr.Sumer Juneja, Mr.Ashutosh Sharma, Mr.Anand Daniel, Ms.Suparna Mitra, Mr.Sahil Barua, Mr.Shailesh Vishnubhai Haribhakti, Mr.Lakshmi Nandan Reddy Obul, Mr.Sriharsha Majety, Mr.Roger Clark Rabalais. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 229 crore shares outstanding.
Live Events
Investment Rationale
ICICI Securities reiterates BUY on Swiggy and maintains its three-stage DCF-based target price of Rs 740, assuming 11.5% WACC and 5terminal growth
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
20 minutes ago
- Time of India
From friends to foe: How Iran became US and Israel's 'Jaani Dushman'
Israel carried out targeted airstrikes last week under Operation Rising Lion , damaging key Iranian installations, including nuclear facilities and the South Pars gas field, its largest. As per reports, the US is also likely to join Iran-Israel conflict. US President Donald Trump has been pressuring Iran to negotiate a deal regarding its nuclear programme after withdrawing US from a nuclear treaty that was negotiated by his predecessor Barack Obama . The hostility between US–Iran and Israel–Iran has been brewing for decades now, but there was a time when the three got along well with each other. Historic US–Iran ties and the rise of conflict Iran and the United States once shared strong diplomatic and strategic relations. 1951 by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Vietnam: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo In 1951, Iranian Prime Minister Mohammad Mossadegh nationalised the British-run Anglo-Iranian Oil Company to reclaim control over the country's oil wealth. 1953 In a coup orchestrated by US and British intelligence agencies the Iranian PM was ousted and a friendly monarchy under Shah Mohammad Reza Pahlavi Live Events was installed in Tehran. 1954 In the same year he was forced by the U.S. and UK to sign the Consortium Agreement of 1954, which gave U.S., British, and French oil companies 40% ownership of the nationalised oil industry for 25 years. 1957 The Shah-era also saw the start of nuclear cooperation. Under US President Dwight D. Eisenhower's 'Atoms for Peace' programme, Iran received nuclear education and enriched uranium fuel. 1960 After OPEC was created Iran due to its large share in oil production became an important part of the US foreign policy. 1972 To protect US interests in the Middle East Richard Nixon tells Iran they can buy as many non-nuclear weapons he needs, it leads to Iran buying a large number of weapons which unsettles the officials in Washington D.C. 1976 In the 1970s, President Richard Nixon gave Iran open access to non-nuclear weapons, while Iran placed large defence orders, including 150 F-16 fighter jets, with an option of extending the deal for an additional 150 fighter jets. Iran also discussed barter deals with US defence contractors, offering oil in exchange for Spruance-class destroyers. Israel and Iran: Once allies Following the creation of Israel in 1948, Iran became the second Muslim-majority country to recognise it officially. During this time, both countries shared concerns over the growing influence of Arab states in the region. Israel offered agricultural and military expertise to Iran, which in return paid in oil. Until the 1979 revolution, Iran hosted the second-largest Jewish population in the Middle East. Though many left after the revolution, around 20,000 Jews still live in the country. When Friends became Enemy no. 1 In 1979, Iran underwent a major political shift. The Shah was overthrown, and Ayatollah Ruhollah Khomeini, who had been exiled for 14 years, took over as Supreme Leader . Khomeini's return marked the beginning of Iran's anti-West theocracy. Khomeini opposed the Shah's pro-Western reforms under the 'White Revolution' and vowed to spread the Islamic revolution across the region. After the Islamic Revolution the F-16 and the destroyer deal didn't go through and the Shah went to the US for cancer treatment. The US-Iran relations nosedive after the revolution. It was reported that under the use Peace Marble programme 104 of the F-16 were bought by Israel. Following the Shah's ousting, the F-16 and destroyer deals collapsed. Relations between Iran and the US sharply declined, especially after the Shah travelled to America for cancer treatment. In response, 52 American diplomats and citizens were taken hostage in Tehran, held for 444 days until the US agreed to the Algiers Accord, which included a promise not to interfere in Iranian politics. Batman-famed actor Ben Affleck directed and starred in the movie Argo, which is based on the Iran hostage crisis. It was reported that under the US's Peace Marble programme, 104 of the F-16 meant for Iran were sold to Israel. During Lebanon's civil war in 1980 Israel sent its troops in south Lebanon to intervene and on the other hand Iran sent it IRGC to support the local Shiite's. This support led to the formation of Hezbollah which became Iran's proxy in Lebanon. The Iranian government repeatedly denied that Holocaust was real. In 1983 two trucks filled with explosives rammed into barracks occupied by multi-national in Beirut, Lebanon which killed 241 US soldiers. The following year the State Department designated Iran as a state sponsor of terrorism. Rise of regional conflicts and proxy wars By the 1980s, the rift between Iran and Israel widened further. During Lebanon's civil war, Israel deployed troops to southern Lebanon, while Iran sent the Islamic Revolutionary Guard Corps (IRGC) to support local Shia groups. This support contributed to the creation of Hezbollah, which later became Iran's regional proxy. In 1983, two truck bombings targeted US military barracks in Beirut, killing 241 American soldiers. The United States soon after labelled Iran a state sponsor of terrorism. Iran continued to deny the Holocaust and backed militant groups, worsening ties with both Israel and the US. Present-day tensions escalate with Operation Rising Lion With decades of hostility and proxy battles in the Middle East, last week's airstrikes under Operation Rising Lion marked a significant escalation. Former US President Donald Trump had already increased pressure on Iran by exiting the nuclear treaty negotiated under Barack Obama and demanding a new agreement. The legacy of former partnerships, military agreements, and deepening distrust continues to shape the volatile relations among Iran, Israel, and the United States today.
Time of India
20 minutes ago
- Time of India
Strait of Hormuz remains key flashpoint for India's Oil, gas flows: Probal Sen
"We are in a wait and watch mode. We have put out sensitivities in a note that we released a couple of days ago in terms of what the impact could be, but as of now we would want to look at really how this conflict plays out before taking a definitive view on where the crude price estimates could be for the full year," says Probal Sen ICICI Securities. How about you because your base case for FY26 for Brent was about $68 per barrel. Would you be revising your estimates to factor in the recent geopolitical turmoil ? Probal Sen: No, at this point of time it is too probably premature to take a call in either direction in terms of where crude will end up. Obviously, we have looked at sensitivities and very clearly with the spike that has happened even if it were to stay at 75 odd dollars, that does have a material impact on our base case retail margin assumptions for the OMCs and has a positive impact on the other side as far as upstream earnings are concerned. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Because even earlier when crude had spiked in the aftermath of the Russia-Ukraine conflict, the government stepped in only when the price went above $75 and stayed there for a while before imposing windfall taxes. So, at the bare minimum if you assume that 74 to 75 is allowed upstream benefits, but OMCs very clearly every Rs 2 to 3 retail margin decrease can have as much as a 30-35% impact on their EPS. So, it is a major risk on upside as well as downside. But at this point of time as Surana sir was saying given how fluid the situation is and given that the market fundamentals still support a bearish environment as far as crude prices is concerned, the key monitorable therefore really is how much does this conflict actually escalate, number one, and does the escalation actually get the Strait of Hormuz into play in terms of actual disruptions because if you remember India actually is impacted more than a lot of other countries on both the oil and gas front from the Strait of Hormuz. Almost 40% of our imports reportedly come through this route into India and almost 50% of our LNG imports also since the largest contract we have is with Qatar that also flows through this particular strait. So, both of them can actually see an impact. With three days in, four days in if we start to change estimates, we will have to change estimates every week at this point of time. Live Events So, we are in a wait and watch mode. We have put out sensitivities in a note that we released a couple of days ago in terms of what the impact could be, but as of now we would want to look at really how this conflict plays out before taking a definitive view on where the crude price estimates could be for the full year. Just wanted to have your take on what the implications could really be when it comes to the OMCs and especially your take on the valuations as well because the chatter that still persist in the markets and what these analysts have been highlighting is that yes, of course, the crude volatility is at play but if we look at the valuation, some of these stocks like HPCL , BPCL they are really trading cheap. So, since you also believe that this uncertainty should subside in some time from now, you are not changing any of your estimates or the base cases rather, this valuation picture still looking good? Probal Sen: Oh yes, absolutely. If we look at our estimates and obviously admittedly at this point of time those estimates can come under pressure. But at the current level all the three OMCs are trading between five to seven times one-year forward earnings. When I say one year forward, I mean, FY27 there or thereabouts, which is obviously a fairly attractive level specifically after the fall that they have seen in the last couple of sessions. Also, I would just like to add that while we are talking about the retail price impact and as Surana sir really said that the chances of a pushing through a price hike will probably be remote, therefore, the $6-7 hit if one has to take, that alone counts for around a three, three-and-a-half rupee hit on the current retail margins which are at about nine-and-a-half, ten rupees. So, even after taking that hit the margins at Rs 6 will still be well above historical levels and if prices do increase and product prices catch up, you could also see a short-term impact in terms of higher GRMs and some inventory gains as well, so which is basically what makes it very difficult to take a definitive view right now on what the earnings could look like and that is what makes us still a little bit optimistic that when the storm really settles down, as long as prices do not go completely out of whack at $70 to $75 or even at $75-77 range, we still see a lot of value in these stocks from a long-term perspective. What happens to refiners, your IOC , ONGC , Vedanta , etc? Probal Sen: So, whenever prices do rise in this environment given that it is geopolitical worries that are driving it, product prices may not actually rise in perfect correlation because the product demand on the ground is not really changing. Having said that, there will be some correction upwards and what we have been seeing in any case over the month of May is that GRM have actually recovered quite at a healthy pace. Singapore GRMs are anyways at $6.5 plus if we look at Q1 FY26 average till date. So, one would expect that on the GRM front you could actually see a little bit more of positive delta and at least for the first quarter given the sharp reaction that the prices have seen, you could probably have an inventory impact as well on the positive side at least in the refining business.
NDTV
22 minutes ago
- NDTV
Railway Recruitment Board Announces 6,180 Vacancies, Registration Begins On June 28
The Railway Recruitment Board (RRB) has officially notified a large-scale recruitment drive for 6,180 Technician vacancies across various zones of Indian Railways for the 2025-26 cycle. A short notification has been published in the Employment News dated June 16, with the detailed advertisement (CEN 02/2025) expected by June 27. Online registration will begin on June 28 and conclude on July 28 at 11.59 PM. Key Details Of RRB Technician Recruitment 2025 Out of the total vacancies, 180 are for Technician Grade 1 Signal, while the remaining 6,000 are for Technician Grade 3 posts. Selection for both positions will be conducted through a Computer-Based Test (CBT), followed by document verification and a medical fitness test. This recruitment initiative offers a significant opportunity for candidates wishing to join the technical workforce of Indian Railways, especially those who missed out on similar opportunities in previous recruitment cycles. Eligibility Criteria Technician Grade 1 Signal: Applicants must hold a BSc degree in Physics, Electronics, Computer Science, IT, or Instrumentation, or a Diploma/Degree in Engineering in the relevant disciplines. Technician Grade 3: Candidates must have passed Class 10 (SSLC/Matriculation) and completed an ITI or Apprenticeship in specific trades such as Foundryman, Moulder, Pattern Maker, or Forger and Heat Treater. Age Requirements (as of July 1, 2025) Grade 1 Signal: 18 to 33 years Grade 3: 18 to 30 years Age relaxations apply for reserved categories as per government norms. Application Fee Structure Rs 250: SC/ST, Ex-servicemen, PwD, Women, Transgender, Minorities, and Economically Backward Class (fully refundable upon appearing in CBT) Rs 500: All other categories (Rs. 400 refundable upon appearing in CBT) Salary and Pay Levels Technician Grade 1 Signal: Pay Level 5, Rs 29,200 per month (Initial Pay) Technician Grade 3: Pay Level 2, Rs 19,900 per month (Initial Pay) Additional allowances and benefits as per the 7th Central Pay Commission (CPC) will apply. Application Process Candidates will be able to apply online through the official RRB website once the portal goes live on June 28. The detailed notification will include zone-wise vacancies, step-by-step instructions for filling out the form, and syllabus for the CBT.
