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BofA downgrades Zomato and Swiggy: Following the report, the share price of Zomato fell 3% in Wednesday’s trade to Rs 203.20. The quick commerce shares may be the toast of the town but BofA ...

Shares of Zomato and Swiggy depreciated on Wednesday after brokerage firm BofA Securities downgraded the shares and slashed target prices amid slow growth in the quick commerce space. This comes ...

BoFA Sec on Zomato: Downgrade to Neutral on Company, cut target price at Rs 250/Sh from Rs 300/Sh (Negative) BoFA Sec on Swiggy : Downgrade to Underperform on Company, cut target price at Rs 325 ...

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 ...

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 Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth prospects and the increasing competitive pressure in the food delivery industry The brokerage ...

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 ...

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 ...

The current quarter is likely to be another tough one for food delivery majors such as Swiggy and Zomato. During the January-March period (Q4), losses resulting from the quick commerce business ...

Swiggy share price has the potential to more than double, while Zomato share price can jump nearly 40% from current levels, according to ICICI Securities’ latest report on these quick commerce ...