Market News
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Swiggy hits new all-time low, down 8% in June; JM Financial lowers target
Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.
PayU Profits, Swiggy Burns: The Split Inside Prosus' India Business
The contrast between PayU's improving discipline and Swiggy's continued cash burn underscores the dual-track nature of Prosus' India exposure.
Amazon’s rapid delivery push triggers $15 billion rout for Eternal, Swiggy
Eternal and Swiggy have pioneered India’s 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO to strengthen its expansion plans.
Will AI Replace Apps Like Swiggy Or Zomato Anytime Soon? Here's What BofA Said
Bank of America says AI assistants are becoming more capable, but India's preference for specialist apps and trusted buying habits could slow a shift to one app for everything.
Interglobe Aviation among 5 F&O stocks with a sharp rise in futures open interest
Five NSE F&O stocks, including Oracle Financial Services, IndiGo, IRFC, Swiggy and Avenue Supermarts, saw sharp open interest build-up on June 24, signaling heightened trader participation and fresh futures positions.
Stocks to Watch today: Airtel, Adani Power, Vedanta, Rajesh Exports, IRFC
Stocks to watch today: Bharti Airtel, Adani Power, Vedanta, Rajesh Exports, HCLTech, IRFC, Swiggy, Bandhan Bank, Torrent Power, Hindustan Copper, Tata Steel, and others will be in focus today.
Swiggy Rejigs Instamart Top Brass As COO Ankit Jain, CBO Hari Kumar Quit
Swiggy Instamart COO Ankit Jain and CBO Hari Kumar quit as quick commerce rivalry heats up.
Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
Swiggy Vs Zepto Vs Zomato: Customers Or Profits — The Great Question Haunting Qcomm Players
Neither Instamart, Blinkit nor Zepto are profitable as yet; Blinkit however has reached EBIDTA breakeven.
Swiggy cofounders pick up stake in India’s first space unicorn Skyroot
New Delhi: Three weeks after Hyderabad-based Skyroot Aerospace became India’s first space unicorn, the startup’s cap-table found two new stakeholders that, for the past 12 years, have been among the most familiar names of India’s startups ecosystem.
Nifty at 25,000 could be a profit-booking opportunity: Rahul Arora
Rahul Arora, CEO of Ashika Institutional Equities remains selective on consumer stocks, favouring Britannia, Tata Consumer and Nestle, while preferring Eternal over Swiggy in the internet space due to stronger growth prospects and lower losses.
How quick commerce is helping consumer startups grow faster than ever
Rise of quick-commerce platforms such as Blinkit, Zepto and Swiggy Instamart, alongside creator-led marketing, and a more mature startup ecosystem have helped brands achieve the revenue milestones of ₹100 crore quickly.