Domestic mutual funds boost stakes in Swiggy and Eternal
Top domestic mutual funds increased exposure to newly listed food-delivery and quick-commerce players Swiggy and Eternal (formerly Zomato), per Moneycontrol. The move signals rising institutional confidence in India's consumer-tech and quick-commerce retail platforms.
Top domestic mutual funds increased their exposure to newly listed food-delivery and quick-commerce players Swiggy and Eternal (formerly Zomato), per Moneycontrol reporting. Signals institutional confidence in Indian consumer-tech and quick-commerce retail platforms.
Why this matters
MF buying follows JM Financial's Rs 250 Swiggy target and index-weight warning, plus recent Buy calls. It also comes as Swiggy's foreign holding dips below 50%, nearing IOCC status to unlock Instamart's inventory model.
Retail-company signals accelerating, up 652100% QoQ.