HDFC Securities Maintains Buy on Swiggy as Instamart Falls Further Behind Blinkit
Sourced from 3 publications
- •HDFC Securities retained a buy rating on Swiggy, pointing to strong and consistent improvement in food delivery performance metrics.
- •The brokerage flagged a widening performance gap between Swiggy's Instamart and Zomato-owned Blinkit in quick commerce.
- •Swiggy management reiterated targets of 18-20% long-term growth and Rs 1 trillion gross order value with 3-4% EBITDA margins.
- •Broader Indian markets face headwinds from rising oil prices, geopolitical tensions in West Asia, and a negative GIFT Nifty signal.
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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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