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.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.