Brokerage consensus stocks: Swiggy, Eternal among 6 stock picks with 22% to 91% upside
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- ✓Swiggy and Eternal feature among six brokerage consensus picks with potential upside of 22% to 91%.
- ✓Motilal Oswal gave Swiggy a 'Buy' rating with a target price of Rs 280.
- ✓Analysts said, "Jefferies believes Swiggy's share price does not fully account for the value of its food delivery business."
Story at a Glance
- Category
- MARKET
- Reported By
- Financial Express
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
Swiggy, Eternal and four other stocks feature among brokerage consensus picks, with analyst target prices pointing to potential upside of 22% to 91%. Here's what brokerages see in these market favourites.
Motilal Oswal has a 'Buy' rating on Swiggy with a target price of Rs 280, implying an upside of 32%. The brokerage's assessment rests on the value of Swiggy's food delivery business and its ability to build a profitable quick-commerce operation through Instamart.
The brokerage remains cautious about the pace of improvement in Instamart's economics. Motilal Oswal expects revenue growth to moderate in the second half of FY27 and adjusted EBITDA losses to increase from Rs 1,360 crore to Rs 1,490 crore.
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