Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy's foreign ownership falling below 50% and optimism around quick commerce. Analysts remain positive on Eternal's long-term prospects, while maintaining a more cautious stance on Swiggy amid intensifying competition in the fast-growing quick commerce market.
Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy's foreign ownership falling below 50% and optimism around quick commerce. Analysts remain positive on Eternal's long-term prospects, while maintaining a more cautious stance on Swiggy amid intensifying competition in the fast-growing quick commerce market.
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