Swiggy and Eternal shares rise on Zepto IPO news
pre-market1 source ↓written by the desknot a recommendation
- on Tuesday
- 5%
- valuation
- $3 billion
- $5 billion
- shares peaked
- ₹309.90
- closing
- 4.02%
Shares of Swiggy and Eternal surged up to 5% on Tuesday amid reports that rival Zepto is considering a lower IPO valuation of around $3 billion, down from $5 billion. Eternal shares peaked at ₹309.90, closing up 4.02%, while Swiggy reached ₹272.95, settling at ₹268.35, up 3.63%. This shift in Zepto's valuation may impact investor sentiment in the quick-commerce sector.
Not investment advice. For informational purposes only.