Market News

Swiggy shares drop over 4% after co-founder Lakshmi Nandan Reddy Obul resigns

Swiggy co-founder Lakshmi Nandan Reddy Obul will be stepping down from his board position and moving on from Swiggy to pursue personal independent projects, the company informed the exchanges.

'Concerns Overdone': Eternal shares are down 15% in 2026 but Goldman sees stock at ₹350

On competition, Goldman Sachs expects Blinkit to continue gaining share from Swiggy, but acknowledged that growth may have been impacted in recent months due to heightened competition from new entrants as well as existing players.

Stocks to Watch Today: Swiggy, Enviro Infra, Advait Energy, AstraZeneca, Torrent Pharma, Laxmi Organic,... - Moneycontrol.com

Stocks to Watch Today: Swiggy, Enviro Infra, Advait Energy, AstraZeneca, Torrent Pharma, Laxmi Organic,...Moneycontrol.com

7 Nifty 500 stocks with up to 60% upside potential. Do you own any?

Analyst estimates highlight select Nifty500 stocks with 50% to 60% upside potential over the next year. Driven by strong revenue growth and broad analyst coverage, stocks like Sapphire Foods, Inox Wind, and Swiggy emerge as high-conviction breakout candidates in market outlooks.

Swiggy co-founder Nandan Reddy steps down; Phani Kishan and Rahul Bothra join board in leadership rejig

Lakshmi Nandan Reddy, co-founder of Swiggy, resigns to pursue other interests. Two other executives will join the board. Details here. 

Swiggy co-founder Nandan Reddy steps down; board revamp underway

Swiggy co-founder Nandan Reddy has stepped down from the board, as the company announced leadership changes including new executive director appointments, signalling a transition into its next phase of growth.

Intense quick commerce competition ahead? UBS cuts Eternal, Swiggy’s target prices but sees attractive valuations

UBS reduced its FY27-29 quick commerce NOV estimates by 7-11% for Blinkit, and GOV estimates by 17-22% for Instamart.

Swiggy vs Eternal: How are new-age tech cos expected to perform in Q4?

For Q4FY26, Eternal Ltd and Swiggy are anticipated to show strong year-on-year growth, with Eternal leading in profitability metrics. While Swiggy's revenue growth is promising, it continues to face EBITDA losses, although margins are improving.

Swiggy among 4 stocks that closed crossing above VWAP

Eternal tanks 25% in 1 month; food delivery stock price nears 52-week low

Though Zomato and Swiggy are not witnessing any fall in volumes; however, they may see short-term demand pressure from LPG-dependent restaurants, analysts cautioned

Motilal Oswal top picks: VA Tech order strength, RIL refining upside, Eternal valuations attractive

Investors are not showing panic despite geopolitical tensions, though many are reviewing portfolios and seeking safer sector exposure, according to Siddhartha Khemka of Motilal Oswal. The brokerage remains positive on VA Tech Wabag citing a ₹16,000-crore order book and strong West Asia demand. It also sees opportunity in quick commerce stocks like Eternal and Swiggy after valuation corrections, while Reliance Industries’ O2C business could benefit from higher refining margins. Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Eternal, Swiggy shares: UBS sees healthy food delivery growth but cites gas shortage risk ahead

UBS cautioned that food delivery volumes in March and April could face some pressure due to the ongoing shortage of commercial cooking gas. Despite this, market share trends have remained largely stable during the first two months of the March quarter.