** Swiggy NSE:SWIGGY, Zomato-parent Eternal NSE:ETERNAL rise 2% each
** Motilal Oswal upgrades SWIG to "buy" from "neutral", raises PT to 560 rupees from 450 rupees
** Retains "buy" on ETEA, raises PT to 420 rupees from 330 rupees
** Says GST changes expected to accelerate adoption of quick commerce services in non-metro cities
** Expects food delivery growth to exceed 20% over the next two-four quarters, up from previously stunted 17%–18% growth, driven by upcoming festive demand, GST reforms
** Highlights easing expansion, discounts at Swiggy Instamart and Blinkit
** SWIG, ETEA rated "buy" on avg, with median PT of 450 rupees, 321 rupees, respectively, per data compiled by LSEG
** YTD, SWIG falls 20%, ETEA gains 20%