Neutral Info Edge (India); target of Rs 5440: Motilal Oswal

Motilal Oswal recommended Neutral rating on Info Edge (India) with a target price of Rs 5440 in its research report dated March 09, 2021.

March 10, 2021 / 01:37 PM IST
 
 
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Motilal Oswal's research report on Info Edge (India)

Amazon has started its much awaited Food Delivery service (Amazon Food) in Bengaluru, exactly a year after launching internally for employees. While we see a marginal impact on Zomato/Swiggy’s duopoly from the much delayed and limited launch, Amazon Food will pose a risk to both players as it can shake up an established setup with a focus on profitability.



Outlook


We foresee a risk to the duopoly structure and consistent take rates in the industry. INFOE holds 18.4% stake in Zomato. Maintain Neutral.


For all recommendations report, click here


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first published: Mar 10, 2021 01:37 pm

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