The shares of Zomato-parent Eternal and Swiggy surged in trade, rising to multi-week highs on February 10. Multiple factors led to the uptrend in the food delivery and quick commerce stocks today.
Eternal shares jumped more than 6 percent to trade at Rs 307.45 apiece on Tuesday, the highest level seen by the stock since November 21.
Swiggy shares meanwhile surged more than 5 percent to trade at Rs 350.95 apiece, the highest level in nearly a month.
Zomato on Monday said it has launched a dedicated AI-powered hotline (89200 89200) to simplify the onboarding process for delivery partners, Business Standard reported. According to a company statement quoted by the site, “the call initiates an AI-enabled WhatsApp journey where onboarding and background verification unfold in minutes”.
This comes a year after the company launched an artificial intelligence (AI)-powered customer support platform for businesses across the globe. “Introducing Nugget – an AI-native, no-code customer support platform. Nugget helps scale support effortlessly – highly customizable, low-cost, no developer team needed. No rigid workflows, just seamless automation,” Goyal said in a post on social media platform X (formerly Twitter).
Additionally, a report by Economic Times claimed that domestic mutual funds held shares worth around Rs 1.77 lakh crore in around 12 new-age companies at the end of 2025. This is around double of the Rs 95,000 crore shares held in the same time last year, the report added.
According to the publication, Eternal and Swiggy are among the key names in which these mutual fund houses accumulated significant stakes.
Eternal, which is part of the benchmark Nifty 50 index, accounted for more than 40 percent of total mutual fund holdings in new-age companies, the report said, adding that these funds were major buyers in Swiggy’s Ra 10,000-crore share sale in December last year.
Eternal and Swiggy shares also saw several block deals being executed on the markets today, further pushing their shares higher up.
Nearly 1.19 crore shares of Eternal changed hands in multiple block deals, according to official market data. At the previous closing price of Rs 288.85 apiece, these shares would be cumulatively worth more than Rs 344 crore.
Swiggy meanwhile saw more than 21.60 lakh shares changing hands in six large block deals. At the previous closing price of Rs 333.70 apiece, these shares would be cumulatively worth around Rs 72.08 crore.
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