Swiggy, Eternal Shares Plunge Amid Losses, But Analysts Remain Bullish

• Swiggy and Eternal shares extended losses on Tuesday, January 6, marking consecutive days of decline.
• Swiggy fell 4% (third straight day), while Eternal dropped 2% (second straight day).
• Swiggy's stock is now trading below its QIP price of ₹375 and IPO price of ₹390.
• Despite the recent correction, global funds and analysts, including Matt Orton of Raymond James, remain optimistic.
• A majority of analysts have 'buy' ratings: 23 of 28 for Swiggy and 29 of 33 for Eternal.

Why It Matters: Despite recent stock declines, analysts maintain a bullish outlook on Swiggy and Eternal.