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Eternal, Swiggy In Focus As Morgan Stanley Slashes Targets For India's Darling Internet Stocks
Published on: Jan. 8, 2026, 7:43 a.m. | Source: NDTV Profit
Morgan Stanley has cut price targets across a clutch of India’s listed internet and technology names like Delhivery, Eternal, Swiggy, and Make My Trip. The brokerage has cautioned that the earnings downgrade cycle is far from over amid slowing growth, rising competition and margin pressures. In a recent research note, the global brokerage said it expects further consensus estimate cuts across its coverage universe, even as valuations for select stocks begin to look reasonable.
