{"id":881092,"date":"2024-11-27T08:06:14","date_gmt":"2024-11-27T02:36:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=881092"},"modified":"2024-11-27T08:15:50","modified_gmt":"2024-11-27T02:45:50","slug":"swiggy-share-price-gains-7-as-ubs-initiates-coverage-with-buy-rating","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/27\/swiggy-share-price-gains-7-as-ubs-initiates-coverage-with-buy-rating\/","title":{"rendered":"Swiggy share price gains 7% as UBS initiates coverage with &#8216;buy&#8217; rating"},"content":{"rendered":"<p>Swiggy rallied 7 per cent on Tuesday after UBS initiated coverage on the stock with a \u201cbuy\u201d rating, citing \u201csignificant\u201d valuation discount to rival Zomato. The brokerage has set a 12-month price target of Rs 515. Shares of Swiggy ended at Rs 462, valuing the company at Rs 1.03 trillion. <\/p>\n<p>\u201cOur price target is derived from a combination of discounted cash flow and multiples-based sum of the parts, with assumptions that are broadly similar to what we have for Zomato.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiggy rallied 7 per cent on Tuesday after UBS initiated coverage on the stock with a \u201cbuy\u201d rating, citing \u201csignificant\u201d valuation discount to rival Zomato. The brokerage has set a 12-month price target of Rs 515. Shares of Swiggy ended at Rs 462, valuing the company at Rs 1.03 trillion. \u201cOur price target is derived from a combination of discounted cash flow and multiples-based sum of the parts, with assumptions that are broadly similar to what we have for Zomato.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-881092","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=881092"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/881092\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=881092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=881092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=881092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}