Food delivery and QSR stocks decline amid LPG shortage concerns. Zomato and Swiggy each fell 1% after dropping as much as 5%, while Westlife Foodworld slipped 3%, Jubilant FoodWorks fell 2.4%, and Speciality Restaurants declined 0.2%. Commercial LPG cylinder shortages are disrupting kitchen operations in certain areas, triggering investor concerns about potential delivery volume impacts. Analysts view the decline as a knee-jerk reaction, noting that large organized QSR chains have limited LPG dependency due to electric ovens and alternative cooking equipment. However, independent restaurant owners report significant supply disruptions. Technical indicators suggest further weakness ahead. Zomato shares have corrected over 10% this month and face resistance at 210-215, with potential downside to lower levels if support breaks.
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