Thu, Dec 19, 2024
JP Morgan remains bullish on the food services aggregator and expects it to emerge as the dark horse in the country's local services ecosystem.
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Tue, Dec 10, 2024
CLSA believes Swiggy will continue to lag Zomato, nonetheless it foresees this gap in the share price.
Fri, Dec 06, 2024
Swiggy has been given a hold call given the intense competition facing the industry.
Wed, Nov 13, 2024
After decent listing gains, Swiggy shares are riding higher. At around the time of writing the copy after debuting at Rs 420 per share with as much as 8 per cent gains, the stock price has strengthened to Rs 447 per share on the NSE at the day's high, while trading at Rs 444.35 apiece.
As per Macquarie, the company's QC is more complex, with no sustainable economic profits. Expects the group's EBIT breakeven in FY28E even with 23 per cent core revenue CAGR.
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