Competition in the food delivery business is gaining traction. With both entities listed now, Zomato and Swiggy are neck and neck not just in food delivery but also in corporate initiatives, investor portfolios and more. Zomato, now Eternal, has taken the rebranding route while Swiggy on the other hand is focused on features.
Let’s take a look at the stock performance, and other key details of this two tech-driven food delivery giants:
Zomato Vs Swiggy: How the shares stack up
Zomato, which officially changed its corporate name to Eternal Limited from April 9, is currently trading at Rs 210 per share, marking a 2% drop in today’s session.
In the last 7 days, the share of the now eternal has remained largely flat with a dip of nearly 1%. However, looking out over a three-month period, the stock has slipped around 14%, and over the last six months, it has tumbled by nearly 25%. On a year-to-date (YTD) basis, Eternal’s shares are down by about 23%. Despite this, the stock has seen a 10% rise over the past one year. The company’s 52-week high stands at Rs 304.70, which means it is currently trading about 31% below its peak. The market capitalisation of Eternal is Rs 1.95 lakh crore as of now.
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Meanwhile, Swiggy, which made its public debut in November 2024, is currently trading higher by 2% in today’s intraday session. The stock has declined around 2% over the past week and about 6% in the last one month.
In the past three months, Swiggy’s share price has taken a harder hit, tumbling 33%, while its YTD performance shows a steep fall of 38%. The share is currently hovering near its 52-week low of Rs 306.95, which is below its 52-week high of Rs 617.30, a fall of nearly 50% from its peak. Swiggy’s market capitalisation stands at around Rs 77,260 crore.
Zomato Vs Swiggy: Name change Vs smart savings
The buzz around Zomato has been dominated by its name change to Eternal Limited. The change, approved by the Ministry of Corporate Affairs, aligns with its multi-brand strategy spanning Blinkit (quick commerce), Hyperpure (B2B supplies), and District (dining out). Though the rebranding applies only to the corporate entity and not the consumer-facing Zomato brand or app,
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