External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Swiggy—once a market leader in convenience-based use cases—has lost ground over FY22-24 in its core offerings (Food Delivery + Quick Commerce)</li><li>In Food Delivery (FD), Swiggy appears to be 4-6 quarters behind Zomato</li><li>However, unless it increases MTU additions, we suspect Swiggy may continue to lag Zomato in GOV growth as other KPIs seem maxed out</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Swiggy—once a market leader in convenience-based use cases—has lost ground over FY22-24 in its core offerings (Food Delivery + Quick Commerce)In Food Delivery (FD), Swiggy appears to be 4-6 quarters behind ZomatoHowever, unless it increases MTU additions, we suspect Swiggy may continue to lag Zomato in GOV growth as other KPIs seem maxed outContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Swiggy (Initiating Coverage): Relegated to Second Fiddle. ADD