Shares of Trump Media & Technology Group, the social media company founded by former U.S. President Donald Trump, surged as early results from the U.S. presidential election began to roll in. The stock rallied 10% by the close of formal after-hours trading on Tuesday, the US Election Day. The upward momentum continued during special late trading on the Robinhood platform.
Open FlipSwiggy pioneered India's hyperlocal commerce industry, leading in food delivery and quick commerce with high growth potential. The company is expected to grow 17-22% and 60-80% in these segments, respectively, over CY23-28. Despite being loss-making, the IPO is reasonably priced at 7.8x FY24 Market Cap to Sales.
Open FlipIT stocks posted strong gains in Wednesday morning trade, lifting the Nifty IT sectoral index higher despite ongoing uncertainty surrounding the 2024 U.S. election outcome. The Nifty IT index jumped over 3 per cent with stocks such as Persistent Systems, LTIMindtree, TCS, Infosys and Wipro, HCL Tech and Tech Mahindra jumping 3-4 per cent. Around 11:10 am, the IT pack was up with gains of 3.05%.
Open Flip