et_marketsabout 2 hours ago
NEUTRAL(90%)
hold
Eternal, Swiggy shares rally 3% but HSBC just reduced target prices. Should you buy?
Read original source+44.9
Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
The quick commerce sector is experiencing increased competition, leading to mixed analyst views on valuation despite companies implementing fee hikes. Investor sentiment appears to be balancing revenue growth potential against market share risks.
Trading Insight
Consider long positions in Zomato given HSBC's 'Buy' rating, but exercise caution with Swiggy due to competitive pressures and 'Hold' rating.
Quick check: ZOMATO neutral, NIFTY neutral.
Key Evidence
- •Eternal and Swiggy shares rallied 3% after platform fee hikes.
- •HSBC reduced target prices for Eternal and Swiggy due to rising competition in quick commerce.
- •HSBC maintained a 'Buy' rating on Zomato.
- •HSBC maintained a 'Hold' rating on Swiggy.
- •HSBC warned that higher pricing, especially at Blinkit, could hurt Swiggy's market share.
Affected Stocks
ZOMATOZomato Ltd
Positive
HSBC maintained a 'Buy' rating despite sector competition concerns.
AI-powered analysis by
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