UBS sees India's internet sector stabilising as competition eases
BUZZ-UBS sees India's internet sector stabilising as competition eases ** UBS says growth across India's internet sector is stabilising after weak H1 of 2026 marked by macro concerns, rising competition and AI disruption fears
** Brokerage retains Eternal ETEA.NS and Meesho MEES.NS as top picks; upgrades Info Edge INED.NS to "buy", while maintaining "buy" on Swiggy SWIG.NS and "neutral" on Nykaa FSNE.NS
** Shares of ETEA up 2.56% to 260.10 rupees, MEES down 0.37% to 166.44 rupees, SWIG climbs 1.98% to 264.80 rupees and FSNE rises 2.72% to 279.90 rupees
** UBS says moderation in quick-commerce competition is improving profitability outlook for Eternal, Swiggy
** Expects Blinkit to gain from improving user engagement, while upgrading Info Edge to "buy" after its recent share-price correction
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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