Zomato vs Swiggy Share Price: In the recent fall of the stock market, select stocks are in focus, which are falling with the market. This includes Zomato and Swiggy. Zomato is trading 32.6 per cent below its high. Similarly, Swiggy has also come down by about 47% from the high. Despite this, analysts see the current valuations as a potential buying opportunity for investors. He believes the fall is part of a broader market recovery that is impacting new-age tech stocks. These include two major food delivery companies of India.
Other companies also entered Quick Commerce
Both Zomato and Swiggy are facing increasing competition from new entrants like Flipkart Minutes and Amazon Now in the quick commerce (QC) space. These competitions are growing rapidly in major cities, challenging the dominance of existing companies. This has forced Zomato and Swiggy to invest heavily in expanding their dark store network, impacting their financial performance in Q3FY25.
Zomato’s market condition
According to brokerage firm JM Financial, Zomato is the clear leader in terms of Gross Order Value (GOV) and revenue across all its business verticals. It also performs better than the competitor on profitability. The brokerage focused on the fact that Zomato is the only major hyperlocal delivery company in India that generates free liquidity flow without compromising on growth.
The brokerage firm preferred Zomato over Swiggy among the two listed hyperlocal delivery players after the recent fall in the stock. He has set a target price of Rs 280 per share for Zomato, which is about 35% higher than its current price.
Swiggy’s performance
Swiggy has lost more than Zomato, whose shares have fallen 43% from recent highs. It is currently trading at Rs 356 per share. According to a report by Mint, this fall has pushed Swiggy’s stock below its IPO price of Rs 390 per share. Despite this, broking firm JM Financial has maintained a ‘BUY’ rating on both stocks, with a target price of Rs 500 for Swiggy, an upside target of around 41% from the current price.
Zomato Limited Share Status
At around 03.30 pm on Thursday, the stock of Zomato Limited fell by – 1.46 per cent and was trading at Rs 202.5. The Zomato company stock opened at Rs 208.2 as soon as trading started in the stock market on Thursday morning, according to trading data available on the stock exchange. As of 03.30 pm on Thursday, the Zomato company stock reached the day’s high of Rs 208.6. At the same time, the low level of the stock on Thursday was Rs 200.2.
Also Read :- Wipro Shares fall, JM Financial Brokerage gives upside target
