India’s e-commerce stocks Swiggy and Eternal outrun Chinese peers on profit hopes

Indias top e-commerce and quick-commerce stocks have surged ahead of local indices and regional peers, driven by renewed investor confidence in their growth and profitability. Swiggy rose 20% in June, while Eternal Ltd. gained 11%, outpacing the Nifty 100. The rally contrasts with Chinas food delivery sector, where intense price wars have led to sharp declines.