Market pulse › Swiggy
Swiggy
Today2 stories · 2 articles
Net tone● ±0% today
Market check₹264.85 −0.97%
Developing1 storyline
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Broker call● mixedSwiggy stock: JPMorgan maintains overweight call, cites growth in quick-commerce marketQuick commerceFood deliveryE-commerce
Deal● mixedProsus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNowProsusQuick commerceE-commerce
Market move● mixedMovers & Shakers: Stocks that will see action this weekCharts flag ICICI Lombard, Oberoi Realty and Swiggy for potential action this weekICICI LombardOberoi RealtyInsurance
Expansion▼ bearishWhy your ₹100 meal costs ₹250 online and how Rapido wants to change thatRapido launched food delivery app Ownly in Hyderabad, following a zero-commission model used in BengaluruRapidoOwnlyFood delivery
Expansion▼ bearishRapido expands Ownly food delivery service to HyderabadOwnly uses a zero-commission model, charging restaurants a subscription feeRapidoFood deliveryE-commerce
Broker call▼ bearishNomura initiates Meesho at Reduce, sees 28% downside to ₹167Nomura set a ₹167 target, implying 28% downside; shares fell as much as 5% to ₹221MeeshoMarket valuationsE-commerce
Expansion▼ bearishAmazon plans $3 billion investment in India quick commerce by 2030Amazon plans to invest $3 billion in quick commerce by 2030AmazonQuick commerceE-commerce
Legal▼ bearishFSSAI takes penal action against major e-commerce and quick-commerce platformsFSSAI cited food-safety violations and **misbranding** in action against major platformsQuick commerceE-commerceAmazon