Swiggy, Eternal lead consumer rally as US-Iran deal cools crude
Indian consumer and retail-linked names rallied after a US-Iran deal eased crude. Swiggy +4.64% to Rs 261.50, Eternal +4.41% to Rs 254.55, QSRs up to +2.5%. IndiGo +4.13%, Maruti +4.03%, Asian Paints and OMCs also gained as input cost fears receded.
What happened
Indian consumer and retail-linked stocks rallied after a US-Iran deal eased crude prices. Swiggy rose 4.6%, Eternal 4.4%, QSRs (Jubilant, Devyani, RBA) up to
Key facts
- Swiggy +4.64% to Rs 261.50
- Eternal +4.41% to Rs 254.55
- IndiGo +4.13% to Rs 4,904
- Maruti +4.03%
- QSRs up to +2.5%
- ATF 30-40% of airline costs
- crude derivatives 40-45% of paint raw material
Why this matters
A softer crude regime widens the deal aperture in QSR, mobility and paints where input-cost overhangs had compressed multiples, making bolt-ons more financeable near-term.