Rahul Jain, Director at Dolat Capital, indicates that Swiggy may face profitability challenges due to increased competition in quick commerce. Although Swiggy is making strides in innovations like 10-minute deliveries, it trails Zomato in execution and profitability. This gap may keep Swiggy’s valuation significantly lower than Zomato’s despite potential market share improvements.
ET Wealth Expo: Why market veteran S Naren thinks investors are getting gold, silver and asset allocation all wrong
ICICI Prudential MF’s S Naren warns investors against chasing assets after spectacular rallies, highlighting how silver’s 216% surge drew record ETF inflows before a 27%