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