Swiggy, Zomato outlook strong despite 18% GST, say experts; Motilal Oswal remains bullish, sees 30% upside

Despite the introduction of an 18% GST on delivery charges, analysts from Motilal Oswal foresee a promising outlook for Swiggy and Zomato. They anticipate a boost in food delivery growth driven by festive season consumption and improved market dynamics.