Citi flags Eternal and Info Edge as top new-age internet picks after stronger Q1 trends
Citi cited market-share gains, deeper consumer penetration and continued quick-commerce momentum in its outlook for Indian internet companies. Eternal and Info Edge were named preferred picks, with Delhivery, Meesho and MakeMyTrip also in focus.
What happened
Citi identified Eternal and Info Edge as preferred Indian new-age internet stocks, also citing Delhivery, Meesho and MakeMyTrip. It said stronger Q1 trends
Key facts
- Q1
- 1% or more beneficial ownership disclosure threshold
Why this matters
The sector’s improving operating trends make quick-commerce capabilities, consumer platforms and logistics assets increasingly strategic targets for partnerships, investments or acquisitions.