Eternal shares plunge 5% after UBS flags Swiggy market share gain

• Eternal shares fell over 5% after a three-day winning streak.
• UBS flagged Eternal's loss of food delivery market share to Swiggy in November.
• Eternal's order volumes declined 4.4% in November, while Swiggy's rose 0.1%.
• Swiggy's market share gain was attributed to lower average order value and initiatives like Snacc, Bolt, and the 99 store.
• Overall industry order volumes decreased by 5.3% in November.

Why It Matters: Eternal's market share loss to Swiggy impacts its stock and competitive standing.