Delivery Stocks Rally: Eternal, Swiggy Share Price Rise Up to 6% Despite Six-Month Underperformance

Eternal share price and Swiggy share price, 2 major delivery platform companies, moved higher by as much as 6% in intraday trade, continuing their gains from the previous session. The rally was supported by heavy trading volumes across both exchanges.

Eternal, the parent company of Zomato, rose sharply and has gained about 8% in the last two trading days. Swiggy shares also climbed around 5% intraday and nearly 10% over 2 sessions.

Business Position and Growth Areas

Eternal holds a strong position in food delivery and quick commerce, both fast-growing consumer service segments in India. The company has expanded through organic growth and strategic acquisitions, while also focusing on improving profitability.

Swiggy continues to strengthen its food delivery network, along with Instamart, its quick commerce platform, which remains a key growth driver.

Recent Underperformance vs Market

Despite the recent rise, both stocks have lagged the broader market over the past six months.

• Swiggy: down about 13%
• Eternal: down around 1%
• Sensex: up roughly 5%

Investor concerns about intensifying competition in quick commerce and delivery services have weighed on performance.

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Conclusion

Eternal and Swiggy shares have rebounded on strong volumes, even though competition has affected their recent performance. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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