Bernstein initiates coverage on Eternal, Swiggy with ‘Outperform’ ratings, sees strong upside in QC, food delivery

November 4, 2025

Global brokerage firm Bernstein has initiated coverage on India’s leading e-commerce platforms, Eternal and Swiggy, assigning an ‘Outperform’ rating to both, with target prices of Rs 390 and Rs 570, respectively.

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