Zomato’s competitor Swiggy’s positive Q2 earnings also bode well for Zomato. Global brokerage CLSA reaffirmed its ‘outperform’ rating on Zomato with a target price of Rs 370, citing strong momentum in ...
Swiggy’s CFO Rahul Bothra told reporters that it plans to increase fees for its grocery delivery service, Instamart, with the ...
Myntra, the Indian fashion e-commerce firm, is jumping on the quick commerce bandwagon – the firm has launched M-Now, a ...
Instamart's GOV growth has not translated into significant margin improvements, as higher marketing and employee expenses ...
Quick commerce is revolutionizing India's retail market with ultra-fast delivery of high-demand items like groceries & ...
The Indian online food delivery ecosystem is fiercely competitive, dominated by key players such as Zomato, Swiggy, Jubilant ...
Out of the BSE 500 stocks, 181 are currently trading at a price-to-earnings (PE) multiple of over 50; this figure was even higher previously with nearly 50% of the BSE 500 trading at a PE multiple ...
Shares of food and grocery delivery platforms Zomato and Swiggy have hit fresh record highs on December 5 as the firms got brokerage upgrades. Brokerage firm CLSA maintained its 'outperform' rating on ...
Swiggy also saw an increase in the number of orders on the platform by 16.52% going from 192 million in Q2FY24 to 230 million ...
Visits to the local grocery store often meant settling for the second-best item, where customer preferences were given short ...
Zomato shares surged as much as 6.5% on Thursday to cross the mark of ₹300, making a new high of ₹304.65. The stock has now ...
HDFC Securities has downgraded Swiggy to ‘reduce’ from ‘add’ but bumped up its target price to INR 470 per share from INR 430 ...