Zomato may be ahead in the food delivery and quick commerce race, but its high valuation could give Swiggy the perfect chance to steal the spotlight and outshine with its stock performance.

Debate intensifies over whether Swiggy or Zomato offers better investment in India's booming food delivery market.

Shares of the food and quick-commerce platform got listed at a premium of 7.69 per cent at Rs 420 as against their issue price of Rs 390. The stock eventually climbed 15.13 per cent to touch a day-high value of Rs 449.

Zomato share price jumped nearly 5 per cent on Thursday post inclusion in the futures and options (F&O) segment of NSE

Although Swiggy is trailing Zomato in profitability and scale, analysts believe its market position and diverse revenue streams offer potential for long-term growth.