Citi Raises Target Price For Eternal & Swiggy, Zomato Parent Touches 52-Week High

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SUMMARY

Eternal touched a fresh 52-week high at INR 347.50 during the intraday trading after Citi raised the TP for the stock to INR 395 from INR 320 earlier

As per Citi, Eternal’s quick commerce business Blinkit’s growth momentum remains stellar and focus on user acquisition is visible in the rise in app-traffic

Citi increased the TP for Swiggy to INR 495 from INR 465 earlier, translating into a 17% upside compared to yesterday’s close of INR 421

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Citi Raises Target Price For Eternal & Swiggy, Zomato Parent Touches 52-Week High


SUMMARY

Eternal touched a fresh 52-week high at INR 347.50 during the intraday trading after Citi raised the TP for the stock to INR 395 from INR 320 earlier

As per Citi, Eternal’s quick commerce business Blinkit’s growth momentum remains stellar and focus on user acquisition is visible in the rise in app-traffic

Citi increased the TP for Swiggy to INR 495 from INR 465 earlier, translating into a 17% upside compared to yesterday’s close of INR 421

Shares of Eternal and



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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