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Sandeep Bhatia

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Swiggy rated underperform with target price of Rs 325 by Macquarie
Macquarie has rated Swiggy as 'Underperform' with a target price of Rs 325, significantly below its IPO price of Rs 390, citing concerns over challenging valuations in the quick commerce sector. Analyst Sandeep Bhatia emphasized the importance of unit economics for long-term viability, noting that while Swiggy and Zomato are innovative, the current valuations are demanding. Swiggy's shares debuted on November 13 with modest gains but later attracted investor interest.
Moneycontrol
Indian Rupee Hyundai Motor IND Sandeep Bhatia
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06:16 13.11.2024
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