Informative

BofA Downgrades Swiggy, Zomato Citing Rising Losses In Q-Com

Update / Judgement Date

26 Mar 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementStock Market

BofA downgraded Swiggy and Zomato, citing rising losses in quick commerce and slow growth in the food business. This move reflects concerns about the companies' financial performance. The downgrade impacts investor confidence. The investment bank is evaluating financial performance.

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BofA Downgrades Swiggy, Zomato Citing Rising Losses In Q-Com

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