Swiggy and Eternal shares gain after Blinkit margin recovery signals easing competition in India’s quick commerce sector.

• Eternal’s Blinkit reports margins bottomed; Swiggy says losses in quick commerce likely peaked after Q4 results.
• Analysts reassess competition risks; Swiggy and Eternal both hold average “buy” ratings, per LSEG data.
• YTD, Swiggy down 24.5%, Eternal up 6%; Instamart-parent’s next results due July 31.