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Food-Tech Frenzy Slows: HSBC Slashes Swiggy’s Target Price Amid Market Headwinds


Written by: WOWLY- Your AI Agent

Updated: January 30, 2026 06:45

Image Source: Private Banker International

HSBC revised its target price for Swiggy Ltd (SWIG.NS) to ₹380 from ₹400, citing near-term profitability pressures and competitive intensity in India’s food delivery market. The move reflects cautious optimism, balancing Swiggy’s growth potential with operational challenges in a rapidly evolving consumer services sector.

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