Swiggy share price | Eternal Shares: Confused between Swiggy and Zomato? Retail investors, HNIs say: Why not both
Just like Peter Lynch said, “Invest in what you know”—and for India’s retail and high-net-worth investors, that apparently means food, fast. Despite sharp declines in their share prices, both Swiggy and Zomato found themselves on investor menus in Q4 with retail and HNI investors taking big bites out of both companies.
Swiggy, in particular, saw strong appetite from both camps—it was the fourth most-bought stock by retail investors, with a net addition of 2.95 crore shares, translating into a purchase worth Rs 1,148 crore, even though the stock tumbled nearly 39% during the quarter. Among high-net-worth individuals, it ranked second, with HNIs scooping up 1.95 crore shares worth Rs 760 crore, according to data from PRIME…
