28 Sep 2025 | 3 Mins Read
HSBC picks Swiggy over Eternal in competitive market
Flipitmoney
HSBC reiterates its “Buy” call on Eternal with a target price of Rs 390, citing scale and profitability leadership in food delivery and quick commerce. They maintain a “Hold” on Swiggy due to execution risk, slower margin progress, and cash burn concerns. Eternal's upside potential is 21%, outperforming Swiggy on operational and financial metrics.