Swiggy, Eternal shares jump up to 20% in one month. Should you buy or avoid?

Swiggy shares gained over 13% in one month while Eternal rallied over 20%, driven mainly by Swiggy's foreign ownership falling below 50% and domestic ownership crossing 50%, which improves index-inclusion prospects and passive flow potential. Motilal Oswal flagged improving food delivery momentum in Q3 and said Blinkit's quick commerce position continues to strengthen despite moderated growth estimates, while Anand Rathi termed Blinkit an undisputed market leader. Analysts remain cautious on Instamart's path to breakeven and competitive intensity from Amazon and Flipkart's quick commerce push, with sell-side targets for Swiggy spanning a wide range of about 270 to 350.