Brokerages Eye Unlisted Unicorns & Metals: Swiggy, Meesho, Shyam Metallics Poised for Potential Upside
Leading brokerages have initiated coverage on several Indian companies, including unlisted giants Swiggy and Meesho, along with Capillary Technologies, Shadowfax Technologies, and Shyam Metallics and Energy [SHYAMMETL], forecasting significant growth potential.
Brokerage Recommendation
JP Morgan
In a noteworthy development, several prominent brokerages have commenced coverage on a selection of Indian firms, signaling a bullish outlook for their future prospects. This includes well-known unlisted unicorns like Swiggy and Meesho, alongside other promising ventures.
Swiggy Food delivery and quick commerce giant Swiggy has garnered a 'Buy' rating from Equirus, which projects a substantial upside potential of 48%. This indicates a strong belief in the company's growth trajectory within the competitive online delivery space.
Meesho E-commerce platform Meesho also features in the analyst reports. JP Morgan has initiated coverage on Meesho with an 'Overweight' rating, anticipating an 11% upside. This reflects confidence in Meesho's strategy and market penetration in India's burgeoning e-commerce sector.
Important Note for Investors: It's crucial for retail investors to understand that companies like Swiggy, Meesho, Capillary Technologies, and Shadowfax Technologies are currently unlisted and are not available for direct trading on public stock exchanges. Brokerage coverage on such firms often caters to institutional clients or provides insights ahead of potential Initial Public Offerings (IPOs) in the future.
Other Companies Under Scrutiny Beyond the headline-grabbing unicorns, other companies receiving fresh analyst attention include Capillary Technologies and Shadowfax Technologies, both of which are seeing bullish sentiments from analysts. Additionally, Shyam Metallics and Energy [SHYAMMETL], a publicly traded entity, is also part of this new coverage, though specific ratings and targets were not detailed in the reports for these firms.
These initiations of coverage underscore the growing interest in India's diverse corporate landscape, from tech-driven unlisted giants to established listed players. Investors may wish to keep these names on their watchlist for future developments, especially those considering a potential market debut.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.