The shares of food delivery and quick commerce giants Swiggy and Eternal have seen a sharp surge recently, rallying up to 20% in just one month, with analysts highlighting indicators for further upside ahead, although some caution is warranted
Swiggy shares have gained more than 13% in one month, while Eternal shares rallied over 20%. The rally was boosted after Swiggy's foreign ownership dropped below 50% and bullish brokerage views on the long-term growth prospects of both companies.
