Shares of Swiggy and Eternal rallied up to 7% on Thursday, extending their recent gains as improving sentiment around the food delivery and quick commerce space lifted investor confidence. The rally was supported by Swiggy's foreign ownership dropping below 50% and bullish brokerage views on the long-term growth prospects of both companies.
Swiggy shares surged more than 7% to hit a more than two-month high of Rs 280.05 apiece on the NSE. Eternal shares, meanwhile, jumped nearly 5% to trade at Rs 300.35 apiece.
