India’s e-commerce stocks Swiggy and Eternal outrun Chinese peers on profit hopes
India’s top e-commerce and quick-commerce stocks have surged ahead of local indices and regional peers, driven by renewed investor confidence in their growth and profitability. Swiggy rose 20% in June, while Eternal Ltd. gained 11%, outpacing the Nifty 100. The rally contrasts with China’s food delivery sector, where intense price wars have led to sharp declines.
India’s top e-commerce and quick-commerce stocks have surged ahead of local indices and regional peers, driven by renewed investor confidence in their growth and profitability. Swiggy rose 20% in June, while Eternal Ltd. gained 11%, outpacing the Nifty 100. The rally contrasts with China’s food delivery sector, where intense price wars have led to sharp declines.
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