<ul data-eligibleForWebStory="false"><li>Elara Securities has given Swiggy an 'Accumulate' rating with a price target of Rs 450, citing its potential in the eCommerce industry.</li><li>Swiggy's food delivery arm is surpassing Zomato in gross order value growth, showcasing improved profitability according to Elara.</li><li>Elara foresees Swiggy's quick commerce arm, Instamart, achieving positive contribution margin by Q1FY27 despite battling competition and fixed costs.</li><li>Swiggy is expected to capitalize on the expanding quick commerce market, with projections indicating significant growth opportunities compared to its competitors.</li></ul>

Swiggy Rated New 'Accumulate' At Elara Securities; Price Target Set At Rs 450

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