Swiggy, Eternal in Focus: Nomura predicts strong growth in food delivery business, sees up to 25% upside potential

Global brokerage Nomura has initiated a 'buy' rating for Swiggy and increased the target price for Eternal, anticipating strong growth in the food delivery sector. Swiggy's innovations and Blinkit's transition to an inventory model are expected to enhance profitability and market position.

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