Market Reacts to Rapido Buzz:

SWIGGY

,

ETERNAL

Shares in Red

and (formerly Zomato) shares fell for a second straight day amid concerns over Rapido’s potential entry into food delivery. Reports suggest Rapido has started onboarding restaurants in Bengaluru, offering a flat commission of ₹25–₹50 per order, significantly lower than Swiggy and Zomato’s 15–30% fees. This pricing could disrupt the market by undercutting existing players. As of June 10, 12:30 PM, Swiggy is down over 3%, while Eternal slipped more than 1.5%. Technically, ₹387 is a key resistance for Swiggy, while Eternal’s breakout above the ₹240–₹247 zone may now offer support. Disclaimer: This post is for informational purposes only and does not constitute trading or investment advice.