Intensifying price war impacts Eternal and Swiggy shares
after close1 source ↓written by the desknot a recommendation
- last week
- 4%
- share sale
- $1 billion
Intensifying competition in India’s online grocery delivery sector is pressuring shares of Eternal Ltd., which fell nearly 4% last week, reaching a three-month low. Swiggy Ltd. also saw declines for a fourth consecutive week as quick-commerce rivals ramp up discounting. This price war raises concerns over profitability and may affect investor sentiment ahead of Swiggy's planned $1 billion share sale.
Not investment advice. For informational purposes only.