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ICICI Securities has issued a buy recommendation for Swiggy Ltd., setting a target price of Rs 740, with current shares at Rs 315.1. Swiggy’s competitive environment in quick-commerce is lessening, positively affecting margins. Despite a slowing e-commerce sector, companies are enhancing value propositions, including D2C brands improving delivery speeds. Promoters hold $Parser.toNumber($MarketsData-marketResults.newShareHolding.summary.promoters.percentage) and FIIs 6.18%.
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