Morgan Stanley- the global brokerage is bullish on the ever evolving food delivery as well quick commerce space. As we write, both the food delivery majors are trading with strength. Swiggy at the time of writing this copy at around 9:48 am traded with gains of 1.92 per cent or Rs 6.4 at Rs 339.7. Nonetheless, at the day’s high, the stock zoomed to Rs 341.7 per share on the NSE.
In a similar stride, Eternal was up 0.81 per cent or Rs 1.95 at Rs 243.15, while the stock’s day high and low levels are Rs 245.83 and Rs 240.55 apiece, respectively on the NSE.
Morgan Stanley on Swiggy
The global brokerage has intiated an overweight call on the stock with the target at Rs 405, implying 22 per cent potential upside. The brokerage highlighted the company’s improving execution in food delivery space.
The brokerage also said that the company is expanding its quick commerce total addressable market (TAM) as well as making aggressive investments which is being discounted by the market. Nevertheless, it is not transitioning in the topline numbers,
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
