BusinessShadowfax Shares Rise 137% Post-IPO; ICICI Securities Raises Target
Shadowfax Technologies shares surged 137% from their IPO price. ICICI Securities raised the target price from ₹280 to ₹330 and maintained an Add rating. The firm expects strong growth in express parcels and hyperlocal deliveries to boost revenue and margins, while noting risks from pricing pressure and inflation.
Mint Markets·


