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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 ...

BofA downgrades Zomato and Swiggy: Following the report ... the companies have to roll out more discounts and Amazon is yet to launch, which will disrupt the profitability further.

These include persons engaged with online platforms like Uber, Ola, Swiggy, and Zomato, among others.

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 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 ...

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 cut its rating on Zomato from 'Buy' to 'Neutral' and slashed its target price to Rs 250 from Rs 300, implying a 19 per cent upside from the last closing price. For Swiggy, the ...

Zomato and Swiggy, along with Zepto, are currently part of one of the most ever-evolving and intensely competitive markets. The food and quick commerce market has boomed in the recent past ...

Zomato and Swiggy are under the spotlight after Bank of America Securities slashed their target prices. Swiggy was downgraded from “Buy” to “Underperform,” with a revised target of ₹325, ...