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Tag: ICICI securities

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

ICICI Securities initiates coverage on Honasa Consumer with ‘BUY’ rating, anticipates 28% upside

ICICI Securities, a brokerage firm, has initiated coverage on Honasa Consumer Ltd, the parent company of D2C unicorn mamaearth, with a 'BUY' rating and...

BIS standards enforcement to affect water bottle availability

Starting from June '24, reusable insulated water bottles, flasks, and containers crafted from copper, stainless steel, and aluminum may no longer be available on...

Rise in out-of-home dining and processed foods: Indians cooking less at home than a decade ago, reports show

Indians are cooking at home less frequently than they did a decade ago, as indicated by government data and research reports. This decline is...

DMart’s parent company Avenue Supermarts expects 19.8% revenue growth in Q4 FY24

Avenue Supermarts Ltd. expects a 19.8% increase in revenue for the fourth quarter of fiscal 2024. According to its quarterly business update released on Wednesday,...

Premiumization trend boosting growth in food chains like KFC, McDonald’s, and Popeyes: ICICI Securities Report

As competition grows fiercer and consumers dine out more frequently, the trend towards premiumizing food items is fueling the expansion of food chains. An ICICI...

Pure veg fleet decision based on survey data, surprised by uproar: Zomato CEO

Several days after Zomato announced its plans to introduce a 'pure veg fleet,' sparking controversy online, the foodtech giant's co-founder and CEO, Deepinder Goyal,...

ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics

ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR...

Apparel retail sector is likely to face another quarter of slowdown: ICICI Securities Report

Apparel retail sector is anticipated to undergo another quarter of slowdown, with the majority of establishments reporting flat to low single-digit growth in same-store...

Swiggy lays groundwork for mega IPO launch; taps top banks for key advisory roles

Food delivery giant Swiggy is in the process of shortlisting seven investment banks to act as advisors, as the Softbank-backed firm prepares for the...

Competitors capitalize as Blinkit riders continue strike across Delhi/NCR

BigBasket, owned by Tata, Zepto backed by Nexus Venture Partners, and Instamart of Swiggy, have experienced an increase in orders in the Delhi-National Capital...

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