New Delhi, Oct. 15 -- New-age tech stocks have seen a volatile run in the Indian stock market, with food delivery (FD) and quick commerce (QC) facing multiple headwinds. Analysts now believe the cycle is turning, with FD growth expected to accelerate beyond 20% over the next 2-4 quarters, supported by festive demand and GST reforms.
In QC, competition is easing as new entrants struggle, dark store expansion slows, and discounting reduces. GST reforms are also seen boosting adoption in non-metro cities.
Food delivery and quick commerce giant Eternal is set to deliver its Q2 results on Thursday, October 16. While Eternal is expected to report a sequential improvement in NOV growth as well as margin across its Food Delivery and Quick Comme...
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