Swiggy, Zomato shares rally up to 8% as ICICI Securities reiterates buy ratings
- Posted on March 4, 2025
- By Business News Today
- 4 Views
Swiggy, Zomato shares rally up to 8% as ICICI Securities reiterates buy ratings
Swiggy and Zomato shares rose after ICICI Securities reaffirmed its bullish outlook, citing attractive valuations and improved discretionary spending. The brokerage set a ₹740 target for Swiggy (110.4% upside) and ₹310 for Zomato (34.9% gain), dismissing quick commerce concerns.
