Swiggy’s stock fell about 5% in early trading on Wednesday as investors were uneasy following the expiration of the company’s one-month lock-in period for pre-listing stockholders. According to a recent study by Nuvama Alternative and Quantitative Research, up to 6.5 crore shares—or 3% of Swiggy’s total outstanding equity—will be traded on the secondary market. Shares … Read more
Global brokerage firm CLSA is the most recent to join the rising number of analysts who are bullish about Swiggy, the massive food delivery service. The company has given Swiggy’s stock a “outperform” rating, with a target price of ₹708 that indicates a possible gain of around 32%. Following CLSA’s commencement report, the food delivery … Read more
Swiggy, a food delivery and quick service firm, rose 16.92% from its initial price of Rs 390 to end at Rs 456 on Wednesday. Furthermore, the company’s market value surpassed one lakh crore. At Rs 420, the company’s shares had their NSE debut, representing a 7.69% rise above the issue price. In the meantime, the … Read more
On November 6, the eagerly anticipated Swiggy IPO went up for bid. By combining the sale of new shares with an offer for sale, the business will raise Rs 11,327.43 crore. On November 8, the IPO will close. On November 6th (Day 1), 12% of the IPO was subscribed for. The problem was booked 0.56 … Read more
