Zomato and Swiggy shares hit fresh record highs of ₹304.65 and ₹576.70, respectively, on Thursday as the companies received brokerage upgrades. CLSA maintained its 'Outperform' rating on Zomato stock and Bernstein also gave an 'Outperform' rating to Zomato. Swiggy received 'Neutral' rating from Motilal Oswal after Q2 results while UBS initiated coverage on Swiggy with a 'Buy' rating.