Meanwhile, shares of the food delivery platform companies Swiggy and Eternal (formerly Zomato) were down 3 per cent and 2 per cent, respectively on Thursday.
In general, 'Death Cross' is considered as a bearish indicator. Technical analyst, Hitesh Tailor examines GRSE and Jio Financial stock charts and explains why the bias seems negative here.
Anticipating sustained growth in its food delivery business, a top Swiggy executive said the company has yet to tap 85-90 per cent of the market in India, and there are no plans for global expansion yet, given the huge potential available back home. Speaking to PTI here on the sidelines of the World Economic Forum Annual Meeting, Swiggy's Food Marketplace CEO Rohit Kapoor said India still represents a fairly large opportunity for change, as there is nothing on the cards right now for global expansion. And opportunities are there, not just in food but also in multiple other businesses across the country, he said. In food, particularly, we have been guiding the markets to an 18-20 per cent growth rate year-on-year, and I think trends are holding up to that even if you look at our last quarter numbers, he said. Asserting that the food penetration level in India is way below not just Western numbers but even some Southeast Asian and Asian countries, he said this creates a huge ...
Competitive pressure in quick commerce to intensify in 2026
Premier Energies stock has shed 10% in the last 5 trading sessions post entry in the F&O segment; Waaree Energies and Swiggy are also down 11% and 9%, respectively.
The stock price of Swiggy was quoting lower for the third straight trading day, falling nearly 8 per cent. The stock has now dropped below the QIP issue price of ₹375 per share.
Swiggy on Monday announced the launch of EatRight, a new category targeting health-conscious users across more than 50 cities by offering them health-focused food options like high protein, low calorie and no added sugar under a single umbrella. The food delivery platform also shared insights based on its orders, revealing that Tier-2 cities in India witnessed 2x growth year-on-year in healthy food ordering as compared to metropolitan cities, with Chandigarh, Guwahati, Ludhiana, and Bhubaneswar leading the way. EatRight will offer over 1.8 million dishes available from over 2 lakh restaurants. Deepak Maloo, Vice President, Food Strategy, Customer Experience & New Initiatives, Swiggy, said, "With EatRight, we are offering food options that blend seamlessly into a user's regular ordering habits, removes decision fatigue through clear categorisation and integrates healthier choices naturally into everyday food ordering". In a statement, Swiggy said its partner brands are also ...
Motilal Oswal said the Nifty is trading at a 12-month forward P/E of 21.2x, near its long-period average of 20.8x, suggesting valuations are reasonable.
Delivery and quick commerce platforms raised per-order payouts and rolled out fresh incentives for December 31, even as gig worker unions called a nationwide strike over pay and conditions
Swiggy, Waaree Energies, Bajaj Holdings and Premier Energies to enter F&O space with effect from today, December 31, 2025. Nifty Lot Size to be lowered to 65 units.
Swiggy share price extended losses to fourth session, while Eterna share price reversed gains on Friday. The share prices were trading 1.77 per cent and 0.53 per cent down, respectively, as of 9:40 a.
The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
In the Nifty Smallcap 100 basket, Ola Electric Mobility was the top loser, falling more than 4 per cent to ₹35.68. NBCC was down over 3 per cent
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Out of more than 80 investors who showed interest, allocations were made to 61 investors, of which over 15 are new shareholders, according to the company
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Swiggy shares rose 3 per cent after its shareholders approved raising up to ₹10,000 crore via qualified institutional placement
Swiggy shareholders have cleared a plan to raise up to ₹10,000 crore via QIP as the company ramps up its quick-commerce push amid intensifying competition and rising capital deployments
Swiggy's board approved plans on Nov. 7 to raise up to ₹10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.