Analysts Flag Buy On Swiggy, Hold On Varun Beverages In Latest Retail Consumer Calls
Ask Profit analysts recommend buying Swiggy (CMP Rs 280.95), citing sensible pricing versus Zomato, while advising a long-term hold on Varun Beverages (CMP Rs 481.40). Ola Electric (CMP Rs 40.39) rated hold pending a breakout. Calls span consumer and non-retail names including Tata Capital, Wipro and Sun Pharma.
Analysts recommend buying Swiggy (comparable to Zomato, sensible pricing) and holding Varun Beverages long-term. Ola Electric rated hold pending breakout. Retail consumer brands relevant to India operators, alongside non-retail Tata Capital, Wipro, Sun Pharma calls.
Why this matters
The buy call lands as Swiggy expands via its LYNK acquisition into food and grocery retail and rose 7% after foreign holding dipped below 50%, opening a path to inventory-led Instamart.
Retail-brand signals are accelerating, up 275500% QoQ.