Can climb up to 32% Swigy and Zomato shares, do you have?

New Delhi. Brokerage firm Motilal Oswal is a bullish on the food delivery giant Swiggy and Jomato. While Brokerage has upgraded the Swiggy’s rating from ‘Nutral’, he has retained its ‘Buy’ rating on Jomato. Motilal Oswal believes that after being under pressure for a long time, both these shares are ready to run.
Motilal Oswal believes that the food and Quick Commerce sector, which was facing pressure in the last few months, is now entering the recovery cycle. Earlier, where food delivery growth was stuck at 17–18%, now it can go above 20% in the next 2–4 quarters. After GST reforms, customers are expected to increase the description spending, which will further faster the trend of eating and online delivery.

Motilal Oswal has changed his view on Swiggy and has increased the rating from neutral to “Buy”. Also, the target price of the company’s shares has been fixed at Rs 560, which shows a possible speed of up to 32% from the current levels. On the other hand, the trend of brokerage on the eaterial ie Zomato is also strong. The firm has retained a target price of Rs 420 for the company, which indicates about 29% upset.

Brokerage has increased the estimate of swigy and zomato’s food delivery growth for fY26–27 to 23% and 21% respectively. Earlier this figure was between 19–20%. That is, there is a possibility of doubling the sector in the coming years. On Friday morning, Eternal Shares were trading at Rs 328.20 with a gain of 0.60%. At the same time, Swigi’s shares climbed 0.32% to Rs 424.45.

According to Motilal Oswal’s report, profits in quick commerce services like Instamart and Blinkit can be achieved quickly. Reduced competition, limited dark store expansion and customer acquisition cost reduction has strengthened the balance sheet of these companies. Its benefit will be available for both Swigy and Zomato moving fast towards Breakweevan.

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