Analysts Say Sell Swiggy, Buy Eternal; Hold PC Jewellers on Ask Profit
NDTV Profit's Ask Profit panel favors Zomato-parent Eternal over Swiggy in quick-commerce, recommending a sell on Swiggy and a hold on PC Jewellers. Calls also touch Anant Raj, Canara Bank and Siemens Energy.
Analysts on NDTV Profit's Ask Profit recommend selling Swiggy and buying Eternal (Zomato parent) as the better pick, while advising hold on PC Jewellers. Involves Indian quick-commerce and jewellery retail names.
Why this matters
The sell call follows Swiggy's CEO prioritizing profitability over an Amazon-reliance spending war in quick-commerce, and recent Karnataka HC rulings on gig worker welfare levies affecting Swiggy, Zepto and Eternal.
Retail-company signals are accelerating, up 571300% QoQ.