Swiggy, a leading food delivery aggregator in India, experienced a significant drop in its share prices on January 21, 2023. The company’s shares plummeted by 11%, reaching an intraday low of ₹427.20. This decline has raised eyebrows in the financial community, primarily due to the underwhelming quarterly results reported by its main competitor, Zomato. Understanding ...
The fast-moving consumer goods (FMCG) sector plays a crucial role in the economy, encompassing a wide range of products that are sold quickly at relatively low cost. In the Indian stock market, several FMCG companies are publicly listed, including industry giants such as Hindustan Unilever Limited (HUL), ITC Limited, and Tata Consumer Products. Recently, the ...
On Tuesday, Hyundai Motor India Limited experienced a challenging debut in the stock market. The company’s shares were listed at Rs. 1,931, reflecting a 1.47% premium over the issue price of Rs. 1,960. However, during trading hours, the stocks plunged by as much as 7%, raising concerns among investors. Unpacking Hyundai’s Stock Market Performance Hyundai ...