Shadowfax Technologies shares jump 137% from IPO price; ICICI Securities sees 15% upside | Should you buy?
ICICI Securities raised its Shadowfax target price to ₹330 from ₹280, retaining an Add rating after the shares climbed 137% from their IPO. It expects strong growth in express parcels and hyperlocal deliveries to lift revenue and margins, while flagging pricing pressure and inflation as risks.
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