Motilal Oswal has given Neutral recommendation for Info Edge (India) with a target price of Rs. 5440 in its research report issued on Mar 09, 2021

Motilal Oswal’s research report on Info Edge (India)

Amazon has started its much awaited Food Delivery service (Amazon Food) in Bengaluru, exactly a year after launching internally for employees. While we see a marginal impact on Zomato/Swiggy’s duopoly from the much delayed and limited launch, Amazon Food will pose a risk to both players as it can shake up an established setup with a focus on profitability.

Outlook

We foresee a risk to the duopoly structure and consistent take rates in the industry. INFOE holds 18.4% stake in Zomato. Maintain Neutral.

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