Shares of rival food delivery apps Zomato and Swiggy fell nearly 10% on Tuesday after Zomato reported a 57% y-o-y fall in profit in Q3, resulting in brokerages downgrading Zomato's stock. Zomato's profit was severely impacted by lower consumer demand and higher investments in its quick commerce business, Blinkit. Market analysts expect a similar performance from Zomato's rival Swiggy.