Swiggy Share Price Movement
Swiggy Ltd's share price opened at ₹444.50 on the BSE on Monday, around 1% lower than the previous closing price of ₹448.50. The share price subsequently corrected to ₹415.30, marking a decline of more than 7%. Swiggy's stock has corrected over 8% in the last 5 days amid market volatility.

Zomato Share Price Movement
Zomato Ltd's share price opened at ₹213.40 on the BSE, also around 1% lower compared to the previous closing price of ₹215.80. The share price then dipped to the intraday low of ₹207.90, a decline of close to 4%. Zomato's stock has declined up to 7% in the last 5 days due to the volatility in the markets.

Analysts' Views on Competition and Performance
Analysts have maintained concerns over rising competition in the sector. Macquarie analysts regard Zomato as an efficient Q-Com and Food Delivery platform but see limited margin of safety for the shares, citing denting consensus forecasts due to rising competition. However, Motilal Oswal Financial Services believes there is short-term pain but long-term gain for Zomato. Jefferies India Pvt Ltd, in its post-Q3 results analysis, noted that while Zomato's food delivery saw modest growth, its quick commerce (Q-Com) business reported strong growth but slipped into losses due to growth investments and high competition.