March 26, 2026March 26, 2026 Ordering on Swiggy may soon be as easy as speaking. On 25th March, the food delivery giant announced a partnership with Bengaluru-based AI startup Sarvam to enable multilingual, voice-led commerce for its food delivery, quick commerce, and dining services. However, this won’t be a…
March 10, 2026March 10, 2026 Shares of food delivery giants Eternal and Swiggy fell 1.5% on 10th March after reports that India’s food-service sector is facing a potential disruption due to a shortage of commercial LPG cylinders. Industry bodies have warned that existing supplies may last only about a…
Shares of the food delivery and quick-commerce company Eternal slid as much as 2.6% on Tuesday to an intraday low of Rs 275.55 on the BSE, sinking to their lowest level in more than five months, following reports that Blinkit’s CFO, Vipin Kapooria, had decided to move on from the company. Kapooria’s resignation comes a…
After lagging the auto sector for five straight years, Maruti Suzuki has finally slammed the accelerator in 2025, as the country’s largest passenger carmaker has delivered 47% year-to-date (YTD) returns – more than double the Nifty Auto index and almost 5X the heartbeat Nifty index. For context, the Nifty Auto index returned 20% while the…
Food delivery and quick-commerce platform Eternal said in a statement on Saturday that the financial impact of the new social security code, which took effect on Friday, will not hurt the company’s long-term prospects. The Deepinder Goyal-founded firm added that the exact financial and operational implications will be known only once the rules are formally…
International brokerage firm HSBC has reiterated its “Buy” call on Eternal, raising its target price to Rs 390 per share from Rs 340, citing clear scale and profitability leadership in both food delivery and quick commerce, while maintaining a “Hold” and Rs 430 target on Swiggy due to continued execution risk and slower margin progress…
360 One Wam – USD 7 mn One 97 Communications (Paytm) – USD 4 mn J.B. Chemicals & Pharma – USD 4 mn Kaynes Technology India – USD 4 mn Afcons Infrastructure – USD 3 mn L&T Finance – USD 3 mn Go Digit General Insurance – USD 2 mn Kpr Mill – USD 2…
Swiggy is set to report its Q1FY26 earnings on Thursday, July 31, where brokerages anticipate continued net losses despite a sharp year-on-year rise in revenue. While food delivery is expected to show steady growth, the quick commerce vertical, Instamart, remains a key area of concern due to ongoing investments and intense competition. The estimates given…
India’s new-age tech stocks saw a sharp divergence in performance in the first half of 2025, as investors recalibrated their expectations and began pricing in execution risk, capital discipline, and earnings visibility. Shares of Ola Electric crashed nearly 50%, Swiggy fell 26%, and Paytm declined 9%, as execution concerns and cash burn drove investors away….
Mumbai: Brokerage UBS initiated coverage on food delivery firm Swiggy with a ‘Buy’ rating and a 12-month target price of ₹515. This implies an 11.5% upside from Tuesday’s close of ₹461. “We believe the stock’s price is at 35-40% discount to Zomato and see room for this valuation discount to narrow as the company demonstrates…