Jefferies rates 'Eternal' as 'Buy' at Rs 480, assessing impact of Swiggy QIP and Zepto IPO.
Summary
This article discusses Jefferies' 'Buy' rating for 'Eternal' with a target price of Rs 480, analyzing the impact of Swiggy's Qualified Institutional Placement (QIP) and Zepto's potential IPO on its competitive dynamics. While it touches upon market activity, its focus on individual stock performance and specific company analysis renders it of minimal direct relevance for general competitive exams, which prioritize broader economic policies or national events.
Key Points
- 1Jefferies reiterated a 'Buy' rating on the company 'Eternal'.
- 2The target price set by Jefferies for 'Eternal' was Rs 480.
- 3Swiggy's fundraising method mentioned was a Qualified Institutional Placement (QIP).
- 4Zepto is noted for its potential Initial Public Offering (IPO).
- 5The news primarily concerns individual stock performance and sector-specific competitive dynamics, not general exam-relevant current affairs.
Full Article
Jefferies has reiterated its Buy rating on Eternal with a target price of Rs 480, citing strong growth prospects, improving unit economics and limited impact from Swiggy’s fundraising and Zepto’s potential IPO on competitive dynamics.