swiggy vs zomato

Swiggy gets another buy call, this time from Nomura, with Rs 550 target price

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Swiggy gets another buy call, this time from Nomura, with Rs 550 target price

Shares of food delivery and quick commerce major Swiggy, which has attracted several bullish brokerage calls, found another supporter on Monday as global brokerage Nomura initiated a buy rating on the stock with a target price of Rs 550. “We believe that at the current price, the market is valuing only 0.3x EV/GOV for its … Read more

Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating

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Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating

Shares of food delivery and quick commerce platform Swiggy have jumped nearly 5% over the past two trading sessions to Rs 347, following Morgan Stanley’s initiation of coverage with an ‘Overweight’ rating. The global brokerage has set a price target of Rs 405, implying a potential upside of 22% from the stock’s previous close. The … Read more