HSBC cuts target price on Zomato and Swiggy on intense competition in Q-Comm industry
Global brokerage firm HSBC has lowered its target price on Zomato (Eternal) and Swiggy, citing sustained intense competition in the quick commerce (Q-Comm) industry. In a note, HSBC said Gross Order Value (GOV) growth in the Q-Comm space will remain a key focus for investors in the near term, as players face persistent pricing and…
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