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Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery partners during adverse weather and enhance profitability, especially with losses in quick commerce. Zomato's food delivery EBITDA rose 55% YoY, while Swiggy's jumped fivefold, highlighting the sector's importance.
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Cochin Shipyard shares: Antique Stock Broking anticipates a significant rise in the order books of Indias defence shipbuilders, projecting that combined orders for GRSE, Cochin Shipyard, and Mazagon Dock Shipbuilders could more than triple by FY27. This outlook is backed by increasing indigenization, a solid policy framework, and a strong defence capital expenditure pipeline.
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Gold futures opened lower at MCX, continuing a week-long price decline, while silver also saw a slight dip. Despite early session losses due to easing geopolitical tensions, both metals recovered following mixed U.S. economic data and a weaker dollar. Experts suggest monitoring volatility and key support levels for trading gold and silver.
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News and Media
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