Analysts Say Sell Swiggy, Buy Eternal; Hold PC Jewellers on Ask Profit
NDTV Profit's Ask Profit panel favors Zomato-parent Eternal over Swiggy in quick-commerce, recommending a sell on Swiggy and a hold on PC Jewellers. Calls also touch Anant Raj, Canara Bank and Siemens Energy.
What happened
Analysts on NDTV Profit's Ask Profit recommend selling Swiggy and buying Eternal (Zomato parent) as the better pick, while advising hold on PC Jewellers.
Key facts
- Swiggy CMP Rs 415.05
- Eternal CMP Rs 415.05
- PC Jewellers CMP Rs 415.05
Why this matters
Widening analyst sentiment between Eternal and Swiggy could reset relative valuations, opening potential partnership or consolidation angles in quick-commerce while PC Jewellers stays a neutral watch.
What to watch
- Quarterly quick-commerce margin and burn-rate updates
- New quick-commerce entrant funding or aggressive pricing moves
- Swiggy Instamart guidance revisions or contribution-margin milestones
- Sector fund flows and FII positioning shifts in Indian consumer-tech
- Canara Bank and Siemens Energy calls signaling broader panel risk appetite
- Track relative price action between Eternal and Swiggy over next 2-4 weeks
- Monitor Blinkit vs Instamart GOV and dark-store expansion disclosures
- Watch for follow-on brokerage notes reinforcing or countering the divergence view
- Assess PC Jewellers hold rationale against gold-price and demand cues