India’s top e-commerce stocks have outpaced local indexes and regional peers over the past month, as a rapid rebound fuels bets on their ability to edge out rivals and boost profitability.
Shares of Swiggy Ltd. climbed 20% last month, topping the NSE Nifty 100 Index, while Eternal Ltd. advanced 11%. The rally in India’s fast-growing quick-commerce sector — which delivers daily essentials in just minutes — contrasts sharply with losses for counterparts in China, where a fierce price war has battered food-delivery firms.
www.bloomberg.com
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