Swiggy-Zomato became number 1 in terms of loss too, have you invested in it?

Swiggy-Zomato Share: The year was 2001. A film was released at the box office. Jodi No. 1. The audience liked the pair of Govinda and Sanjay Dutt, who ruled the hearts of the audience with the magic of their acting. In today's time, both of them are not able to do anything special with their films, like they used to do then. There is a similar pair on Dalal Street too, whose magic is now slowly diminishing.

This pair is of online food delivery platform company Swiggy and Zomato. When Zomato was listed in the market, it had come down a lot after listing, but the recovery it showed a few months after listing made investors very happy. Seeing this boom, when Swiggy's stock was listed in the market, investors bet that this stock could also give rocket-like returns.         Also Read: Stock Market: Sensex fell again today by 600 points

But this did not happen. This company, which became the number 1 pair in food delivery, is now on its way to becoming the number 1 pair in terms of loss on Dalal Street as well. From the beginning of 2025 to 24 February 2025, the market cap of both the companies has declined by a total of more than ₹ 1.02 lakh crore.

57% decline in Zomato's profits

Zomato released the results for the third quarter of the financial year 2024-25, in which the company's net profit fell by 57% to ₹ 59 crore, whereas in the same quarter last year it was ₹ 138 crore. The company's market cap has come down by ₹51,210 crores to ₹2,17,374 crores. At the time of writing the news today, Zomato's stock is trading at ₹225 per share, down 4.90 percent.

Swiggy's loss increased

Along with Zomato, Swiggy also suffered losses. Swiggy's net loss in Q3FY25 rose to ₹799 crores, which was ₹574 crores in the same period last year. Swiggy's market cap has come down by ₹51,273 crores.         Also Read: Tesla likely to open factory in India, will invest 3-5 billion dollars

However, the company's quick commerce platform Swiggy Instacart registered a growth of 17.7% and earned an income of ₹576.50 crores.

What are analysts saying about both the companies?

After the results, different analysts have given their opinions. On one hand, CLSA has given a buy recommendation and a target of Rs 400, on the other hand, Macquarie has given an underperform rating and a target of Rs 130. Talking about Swiggy, brokerage firm Macquarie remains the most 'Bearish' on Swiggy's stock and has set its target price at ₹ 325, which indicates further decline from the current level. However, ICICI Securities has maintained a bullish stance on this stock and has predicted a 77% upside possibility with a target price of ₹ 740.