After starting to cover Swiggy on Thursday, December 19, brokerage firm JPMorgan stated that the company’s shares, which have already increased by about 50% from their IPO price of ₹390, still have more space to run. With a target price of ₹730, the brokerage now has a “buy” rating on the food delivery aggregator. A … Read more
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
