Double whammy for Swiggy, Zomato: Quick commerce losses to be higher in Q4; food delivery growth to slow, says BofA
The findings come after both Swiggy and Zomato had a tough Q3. While the Bengaluru-based company saw its losses widen 39 ...
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BofA Downgrades Swiggy, Zomato Citing Rising Losses In Q-Com
Global brokerage firm BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth ...
Zomato, Swiggy Shares Fall After Macquarie Asks For Discretion On Food Delivery Stocks
The food and quick commerce market has boomed in the recent past, thanks to these companies. Macquire On Zomato and Swiggy ...
BofA Securities Downgrades Zomato and Swiggy: Rising Losses and Tough Competition Loom Large
BofA Securities significantly downgraded the stock ratings of Zomato Ltd. and Swiggy Ltd., the two biggest meal delivery companies in India, on March 26, 2025. The brokerage’s decision has increased ...
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Swiggy, Zomato Get Target Price Cuts, Downgrades From BofA As Turf Gets Tougher
BofA has downgraded Zomato to 'neutral' from 'buy' and Swiggy to ‘underperform’ from ‘buy’. The target price of Zomato has ...
"Thank you Deepinder Goyal": Man catches Zomato delivery agent eating customer’s food—here’s what happened next
Kiran Verma shares a story about a Zomato delivery executive who ate unclaimed food due to company policy. The incident ...
BofA downgrades Zomato and Swiggy, cites slowing growth, high competition
Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery ...
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Why Zomato and Swiggy shares have been downgraded
The downgrade for both companies, according to BofA Securities, was mainly due to expectations of widening losses in quick ...
Swiggy, Zomato shares down up to 46% from 52-week high; are they worth buying?
ICICI Securities said its channel checks indicated waning competitive intensity in quick-commerce customer acquisition spends ...