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With Swiggy IPO on the horizon and Zomato’s stock performing well, analysts weigh in on where investors should put their money.
Swiggy IPO’s Overview
Swiggy’s IPO is set to launch on November 6, aiming for a valuation of $11.3 billion. Despite the buzz, the company has reported losses in recent years, making it a riskier choice for some investors.
Zomato’s Market Dominance
Since going public, Zomato has doubled its market capitalization, reaching $25 billion. With profitability and strong performance metrics, Zomato offers more stability compared to Swiggy’s unprofitable operations.
Analyst Opinions on Swiggy IPO
Experts suggest that while Swiggy’s IPO has potential for growth, Zomato’s established position and profitability make it a more appealing option for investors, especially in the short to medium term.
Zomato Stock Performance
Zomato shares have surged by 95% this year, offering multibagger returns. Despite some recent dips, Zomato remains a strong candidate for long-term investment.
