Swiggy Classified As Indian-Owned! Will It Gain An Edge Over Eternal? Rajesh Agarwal Explained

Swiggy has achieved a major milestone after its foreign ownership dropped below 50%, allowing it to be classified as an Indian-owned company. The development could unlock new opportunities, but competition in the quick commerce space remains intense. Rajesh Agarwal, Head of Research, AUM Capital, believes Eternal remains the stronger option compared to Swiggy despite this change. He says profitability is still a challenge, with Amazon, Flipkart, and JioMart aggressively expanding their presence. While he sees selective trading opportunities, he is not recommending fresh long-term investments in either stock at current levels