Zomato Vs Swiggy: Which Company Is Poised For Better Growth?

Zomato's share price, which gained up to 2% in morning trades on Tuesday, has risen nearly 5% over two trading sessions. The positive factors driving Zomato’s gains include its inclusion in the 30-stock Sensex and the approval of its ₹8,500 crore Qualified Institutional Placement (QIP).
Meanwhile, Zomato's competitor, Swiggy, is also experiencing a bullish trend. Global brokerage firm UBS has initiated coverage on Swiggy Ltd., the food delivery aggregator and Zomato’s key rival, with a 'Buy' rating and a price target of ₹515. Swiggy is narrowing the gap with Zomato in terms of margins and scale. According to UBS, Swiggy remains one of India’s leading hyperlocal delivery platforms, second only to Zomato.
Should you consider buying Zomato at the current level, wait for a correction, or invest in Swiggy instead? Listen in

#swiggy #zomato #swiggyvszomato #marketnews

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