BoFA Sec on Zomato: Downgrade to Neutral on Company, cut target price at Rs 250/Sh from Rs 300/Sh (Negative) BoFA Sec on Swiggy : Downgrade to Underperform on Company, cut target price at Rs 325 ...
BofA downgrades Zomato and Swiggy: Following the report, the share price of Zomato fell 3% in Wednesday’s trade to Rs 203.20. The quick commerce shares may be the toast of the town but BofA ...
Shares of Zomato and Swiggy depreciated on Wednesday after brokerage firm BofA Securities downgraded the shares and slashed target prices amid slow growth in the quick commerce space. This comes ...
The shares of food delivery majors Zomato and Swiggy plunged on March 26 after Bank of America (BofA) Securities downgraded the two stocks. Zomato shares tumbled nearly 3 percent to trade at Rs ...
Stock market today: Shares of India's two leading food delivery aggregators—Zomato and Swiggy—have faced heavy selling pressure in recent trading sessions as global brokerages turned cautious ...
On stocks to buy during IPL 2025, Avinash Gorakshkar of Profitmart Securities said, “In the online food delivery segment, one can look at Zomato and Swiggy shares. In the hospitality segment ...
Zomato was downgraded to neutral from buy and Swiggy to underperform from buy as the two companies are expected to lag BofA’s adjusted EBITDA consensus. Investment ratings are given by stock ...
The shares of online food delivery platforms Zomato and Swiggy recorded strong losses of 6 percent and 5 percent respectively on March 25, after international brokerage Macquarie said it ...
BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth prospects and the increasing competitive pressure in the food delivery industry The brokerage ...
The fight between India’s National Restaurant Association of India (NRAI) and food delivery giants Swiggy and Zomato continues to intensify. NRAI alleges that the two platforms are misusing ...
After a massive selloff in the shares of food delivery giants Zomato and Swiggy, analysts believe the time may be right for investors to start adding these stocks to their portfolio carts.