Explained: Why Swiggy share price gained in early trade today
3 weeks ago

Explained: Why Swiggy share price gained in early trade today

India Today  

Shares of Swiggy Ltd gained sharply in early trade on Tuesday as investors are eagerly waiting the release of the company’s second-quarter results. The surge comes amid heightened interest in Swiggy's growth trajectory, with reports suggesting the food and quick-commerce platform has expanded its 10-minute delivery service, Bolt, to over 400 cities. On the technical front, Swiggy’s stock showed resistance at Rs 542, with analysts suggesting caution at current levels. Swiggy's food delivery segment is likely to report a sequential growth of 6% in the September quarter, slightly outpacing Zomato’s 5% growth during the same period.

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History of this topic

JPMorgan says Swiggy an ‘underappreciated winner’, sees 25% upside in stock price
3 days, 18 hours ago

JPMorgan says Swiggy an ‘underappreciated winner’, sees 25% upside in stock price

Live Mint  

Swiggy shares, which have already run up close to 50 per cent from their IPO price of ₹390, still have more room to run, according to JPMorgan as the brokerage initiated coverage on the stock with a ‘buy’ rating and a target price of ₹730. JPMorgan's price target implies a potential upside of 25 per cent in food delivery aggregator's …

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position
Trending News
1 week ago

Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position

Live Mint  

Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. Analysts at Axis Capital view Swiggy as a compelling investment opportunity, …

Swiggy share price hits all-time high today. Here's what drove the rally
1 week, 1 day ago

Swiggy share price hits all-time high today. Here's what drove the rally

India Today  

Swiggy shares surged to a new record high on December 16 after domestic brokerage Axis Capital initiated coverage on the food delivery and quick-commerce platform with a strong recommendation. BROKERAGE VIEW Axis Capital’s report highlighted Swiggy as a strong investment opportunity, calling it India’s second-largest player in the food delivery and q-com space. RISKS TO WATCH While Axis Capital is …

Swiggy share price falls over 5% after one-month anchor lock-in period ends
1 week, 5 days ago

Swiggy share price falls over 5% after one-month anchor lock-in period ends

Live Mint  

Swiggy share price declined over 5% in early trade on Wednesday after the lock-in period for anchor investors expired today. Swiggy shares made their stock market debut on November 13 and the one month lock-in period for anchor investors ended today, December 11. Swiggy share price trend Swiggy share price made a decent debut last month as the stock was …

Swiggy share price jumps 6% as CLSA initiates ‘outperform’ rating on the stock, sees 32% upside
1 week, 6 days ago

Swiggy share price jumps 6% as CLSA initiates ‘outperform’ rating on the stock, sees 32% upside

Live Mint  

Swiggy share price: Global brokerage firm CLSA has become the latest to join the growing list of analysts optimistic about food delivery giant Swiggy. Post CLSA's initiation report, the food delivery to quick commerce stock climbed as much as 5.6 per cent to its day's high of ₹567.80. CLSA's Perspective According to CLSA, Swiggy operates in a massive total addressable …

Swiggy share price hits 52-week high today. Will the positive momentum last?
2 weeks, 5 days ago

Swiggy share price hits 52-week high today. Will the positive momentum last?

India Today  

Swiggy shares soared to a 52-week high of Rs 576.95 during Thursday’s trading session, recording an 11.35% jump for the day. While Swiggy’s order density is improving, the brokerage noted that "Blinkit had achieved better unit economics at a similar scale." "Swiggy laying out tough goals for itself is commendable," the firm stated, citing improvements in Instamart’s growth and contribution …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
2 weeks, 5 days ago

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?

India Today  

Shares of online food delivery giants Swiggy and Zomato extended their rally on Thursday, driven by strong buying interest among investors. The rally follows Swiggy’s robust Q2 results, which showcased strong revenue growth and promising developments in its quick commerce and food delivery segments. However, Swiggy faced challenges in market share as its gross order value growth in food delivery …

Can Swiggy’s Instamart spice it up in quick commerce?
2 weeks, 5 days ago

Can Swiggy’s Instamart spice it up in quick commerce?

Live Mint  

For the September quarter, both companies saw about 5% and 24% growth in their respective gross order values of the food delivery and quick-commerce businesses. In Q2FY25, Swiggy’s GOV was ₹10,600 crore against ₹15,800 crore of Zomato in both the main businesses, i.e., food delivery and quick commerce together. Its adjusted Ebitda in Q2FY25 in the two businesses was ₹333 …

Swiggy share price jumps 7% after Q2 results. Should you buy or avoid?
Trending News
2 weeks, 6 days ago

Swiggy share price jumps 7% after Q2 results. Should you buy or avoid?

India Today  

Shares of Swiggy surged nearly 7% on Wednesday to touch Rs 534.85 on the Bombay Stock Exchange after the company announced robust Q2 FY25 earnings, driven by strong performance in food delivery and quick commerce. The food delivery business achieved adjusted EBITDA profitability of Rs 112 crore at a 1.6% margin, with GOV rising 5.6% QoQ to Rs 7,191 crore. …

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year
2 weeks, 6 days ago

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year

Live Mint  

Newly listed food and grocery delivery firm Swiggy is looking to increase its Instamart dark store count from around 600 to nearly 1,046 by March 2025 as well as increase their average size by 30-35% to keep up with the growing demand for wider assortment in the highly competitive quick commerce sector. Overall, Swiggy expects to more than double its …

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue
2 weeks, 6 days ago

Swiggy Q2: Losses Narrow To Rs 626 Crore, Firm Clocks 30 Per Cent Jump In Revenue

ABP News  

Food and grocery delivery firm Swiggy reported a revenue of Rs 3,601.5 crore in the July-September quarter, logging a gain of 30 per cent from Rs 2,763.3 crore reported in the corresponding period a year earlier. The online delivery company’s loss stood at Rs 626 crore in the second quarter of the current fiscal year 2024-25, narrowing 5 per cent …

Swiggy Q2 Results: Net loss narrows to ₹625.5 crore in first earnings post IPO, revenue up 39% YoY
2 weeks, 6 days ago

Swiggy Q2 Results: Net loss narrows to ₹625.5 crore in first earnings post IPO, revenue up 39% YoY

Live Mint  

Swiggy Q2 Results: Food and grocery delivery platform Swiggy announced its July-September quarter results for fiscal 2024-25 on Tuesday, December 3, reporting a consolidated net loss of ₹625.5 crore driven by robust order growth in both its food delivery and quick commerce segments, compared to a loss of ₹657 crore in the corresponding period last year. Swiggy's revenue from operations …

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price
2 weeks, 6 days ago

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price

Live Mint  

Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, saw its shares spike 10 per cent in Tuesday's trade, reaching a fresh high of ₹541.95 per share. It believes the stock is priced at a 35 per cent to 40 per cent discount to Zomato and sees room for this valuation gap to narrow as Swiggy demonstrates …

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO
3 weeks ago

Swiggy Q2 results: Net loss narrows to Rs 625.5 crore in 1st earnings after IPO

India Today  

Food delivery giant Swiggy, which debuted on the stock market in November, reported a consolidated net loss of Rs 625.5 crore for the September quarter, a slight improvement from the Rs 657 crore loss in the same period last year. Swiggy’s gross order value increased by 30% YoY to Rs 11,306 crore, while its platform’s average monthly transacting users rose …

Swiggy Stock Check: Share up 20% in one week; is it still a buy? Here’s what technical and fundamental experts suggest
3 weeks, 3 days ago

Swiggy Stock Check: Share up 20% in one week; is it still a buy? Here’s what technical and fundamental experts suggest

Live Mint  

Swiggy's shares have delivered impressive returns to investors since its listing on November 13, 2024. Here's a look at what technical and fundamental analysts suggest: Technical Analysis According to Rajesh Palviya, Senior Vice President of Technical and Derivatives Research at Axis Securities, Swiggy’s stock is exhibiting a bullish trend, forming a "rounding bottom" pattern around ₹488. The brokerage is optimistic …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Live Mint  

Swiggy, a direct competitor to Zomato and one of India's leading food delivery aggregators made its highly anticipated stock market debut on November 13. Interestingly, just weeks before Swiggy's IPO, Zomato CEO Deepinder Goyal had some advice for Swiggy's employees, reflecting on his company's own experience of going public in 2021, the Times of India reported. Speaking at the ET …

Swiggy shares slump nearly 6% day after market debut
1 month, 1 week ago

Swiggy shares slump nearly 6% day after market debut

Hindustan Times  

Shares of newly-listed food delivery and quick commerce major Swiggy declined nearly 6 per cent on day two of trading on Thursday. On Wednesday, shares of Swiggy ended with a premium of nearly 17 per cent against the issue price of ₹390. Swiggy's market cap had crossed ₹1 lakh crore on the day of the listing of shares on the …

Swiggy share price above 25% from issue price, hits ₹1 lakh crore market cap. Do you own?
Trending News
1 month, 1 week ago

Swiggy share price above 25% from issue price, hits ₹1 lakh crore market cap. Do you own?

Live Mint  

Swiggy's share price extended its upward momentum on Thursday, November 14, marking the second consecutive day of gains following its listing on Indian stock exchanges. On Thursday, Swiggy shares jumped as much as 7.3% intraday to a fresh high of ₹489.25 apiece on the BSE, with its market capitalisation briefly crossing the ₹1 lakh crore mark. Swiggy shares were listed …

Swiggy share price falls 3% after listing. Should you buy or avoid?
Trending News
1 month, 1 week ago

Swiggy share price falls 3% after listing. Should you buy or avoid?

India Today  

Swiggy's share price dipped over 3% on its second day of trading on Thursday. According to HDFC Securities, Swiggy’s growth may trail Zomato for another 4-6 quarters unless it strengthens its monthly transacting user base, a key driver of gross order value growth. HDFC Securities highlighted that Swiggy’s order density and average order value lag significantly, translating into higher fixed …

Swiggy shares video after market debut: ‘Ghanti bajaate bajaate, kahan tak pahunch gae!’
1 month, 1 week ago

Swiggy shares video after market debut: ‘Ghanti bajaate bajaate, kahan tak pahunch gae!’

Live Mint  

Popular food delivery aggregator and a direct competitor to Zomato, Swiggy, made its highly anticipated stock market debut on 13 November with its shares at ₹420 on the National Stock Exchange and ₹412 on the Bombay Stock Exchange. The firm's Draft Red Herring Prospectus report stated that the total number of outstanding ESOPs as of September 2024 stood at 231 …

Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock
1 month, 1 week ago

Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock

Live Mint  

Food-delivery firm Swiggy’s shares hit the bourses at ₹420 on Wednesday, a 7.7% premium to the issue price of ₹390, making the listing a major liquidity event for its top investors. It said Swiggy has played a major role in India’s food-tech sector, launching the country’s first full-stack offering in 2014, and expanding into quick grocery delivery through dark stores …

Swiggy share price jumps after positive debut on BSE, NSE. Buy, sell or hold?
1 month, 1 week ago

Swiggy share price jumps after positive debut on BSE, NSE. Buy, sell or hold?

Live Mint  

Stock market today: Despite selloff pressure in the Indian stock market, Swiggy share price opened on the BSE and NSE at a decent premium. Swiggy share price opened on the BSE at ₹412 apiece whereas on the NSE, it opened at ₹420 per share, delivering over 5.50 per cent listing gain to the lucky share allottees. Swiggy share price witnessed …

Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public
1 month, 1 week ago

Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public

Live Mint  

Zomato extended a rare public gesture of goodwill to its long-time competitor, Swiggy, as the latter launched its highly anticipated initial public offering on Wednesday, November 13. The tweet included an image of Zomato and Swiggy delivery personnel standing together, gazing at the Bombay Stock Exchange building, adorned with a “Now Listed Swiggy” banner. Couldn't have asked for a better …

Swiggy shares surge nearly 8 pc in market debut
1 month, 1 week ago

Swiggy shares surge nearly 8 pc in market debut

Deccan Chronicle  

New Delhi: Shares of food delivery and quick-commerce major Swiggy listed with a premium of nearly 8 per cent against the issue price of Rs 390 on Wednesday. The stock listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. At the NSE, shares of the firm made the market debut at …

Swiggy IPO listing surged nearly 8% in market debut
1 month, 1 week ago

Swiggy IPO listing surged nearly 8% in market debut

The Hindu  

Shares of food delivery and quick-commerce major Swiggy were listed with a premium of nearly 8% against the issue price of ₹390 on Wednesday, November 13, 2024. The ₹11,327-crore initial public offer of Swiggy was fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription. The company's IPO had a fresh issue of …

Swiggy shares list at ₹420 on NSE, opening 7.7% above IPO price in a highly anticipated debut
1 month, 1 week ago

Swiggy shares list at ₹420 on NSE, opening 7.7% above IPO price in a highly anticipated debut

Live Mint  

Swiggy IPO listing: Swiggy shares made a decent debut on the bourses on Wednesday, November 13 as they listed at ₹420 on NSE, a premium of 7.7 percent over the issue price of ₹390. About the IPO Swiggy IPO was a combination of fresh issue of 11.54 crore shares aggregating to ₹4,499.00 crore and offer for sale of 17.51 crore …

Swiggy IPO listing date today. Here’s what GMP, experts say on share debut
1 month, 1 week ago

Swiggy IPO listing date today. Here’s what GMP, experts say on share debut

Live Mint  

Swiggy IPO listing date has been scheduled for today on the bourses at 10:00 IST. With strong support from qualified institutional buyers and retail investors, Swiggy IPO subscription status was 3.59 times on the final day of bidding on Friday, November 8, as per BSE data. Swiggy IPO listing price prediction Akriti Mehrotra, Research Analyst, StoxBox Swiggy is scheduled to …

Swiggy shares to make market debut today: Does GMP signal a strong start?
Trending News
1 month, 1 week ago

Swiggy shares to make market debut today: Does GMP signal a strong start?

India Today  

Swiggy shares are all set to make their debut on the Dalal Street on Wednesday with investors eyeing a potential gain. Swiigy IPO had a price band of Rs 371 to Rs 390, aiming to raise Rs 11,327 crore through the Initial Public Offering, comprising a fresh issue of shares worth Rs 4,499 crore and an Offer for Sale component …

Swiggy or Zomato: Which stock will deliver better returns to investors?
1 month, 1 week ago

Swiggy or Zomato: Which stock will deliver better returns to investors?

India Today  

Swiggy’s stock market debut has set off a fresh wave of interest in the food delivery sector. "Despite a strong potential growth runway and an improving margin profile, we believe Swiggy still has a long and winding road to profitability,” the brokerage stated in a research note, adding that, while Zomato remains the more efficient operator, “we prefer Swiggy over …

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing
1 month, 1 week ago

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing

India Today  

Food delivery giant Zomato welcomed Swiggy stock market debut on Tuesday with a warm social media post. The post was accompanied by an image of Swiggy and Zomato delivery persons standing in front of the Bombay Stock Exchange building. Swiggy’s IPO was oversubscribed by 3.59 times, but non-institutional investors showed lower interest, with subscriptions at 0.41 times. Meanwhile, markets remained …

Swiggy shares list at 8% premium over issue price, beating GMP estimates
Trending News
1 month, 1 week ago

Swiggy shares list at 8% premium over issue price, beating GMP estimates

India Today  

Swiggy shares made a decent debut on the stock exchanges, beating grey market estimates as they began trading on the NSE with a 7.69% premium above their IPO price of Rs 390, opening at Rs 420. The grey market premium of Swiggy before the shares got listed was just Rs 1 and suggested a weak debut on the stock market, …

How Swiggy listing turns its hundreds of employees into crorepatis overnight
1 month, 1 week ago

How Swiggy listing turns its hundreds of employees into crorepatis overnight

New Indian Express  

Shares of food delivery giant Swiggy, which debuted on the stock market on Wednesday following a successful IPO, began trading at a 7.7 percent premium over the offer price of Rs 390 per share on their first day. Before this, Flipkart executed a similar initiative, distributing a staggering 1.4-1.5 billion shares to its current and former employees, marking one of …

Swiggy IPO allotment status released: What GMP indicates ahead of listing date
1 month, 1 week ago

Swiggy IPO allotment status released: What GMP indicates ahead of listing date

Hindustan Times  

Shares of food delivery giant Swiggy will be listed on the exchanges on Wednesday, November 13, after its high-profile IPO launch last week. The Swiggy Limited's logo is seen at a press conference during which its Initial Public Offering was announced in Mumbai, India, October 30, 2024 According to the report, its grey market premium is just ₹1, which is …

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed
1 month, 2 weeks ago

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed

Firstpost  

Swiggy’s $1.4 billion IPO was fully subscribed on Friday. The portion reserved for institutional investors was subscribed 131 per cent, while the shares earmarked for retail investors were 97 per cent subscribed Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of …

Swiggy IPO: A $15 Billion Gamble on Food Delivery Giant
1 month, 2 weeks ago

Swiggy IPO: A $15 Billion Gamble on Food Delivery Giant

India Today  

Swiggy is gearing up for its stock market debut with an IPO that is expected to raise over Rs 11,000 crore. The IPO will be open for public subscription from November 6 to 8, with a price band of ₹371 to ₹390 per share. The company plans to use the funds from the IPO for investments in its subsidiary, technology, …

Swiggy's Early Backers Set to Reap Multifold Gains in IPO
1 month, 3 weeks ago

Swiggy's Early Backers Set to Reap Multifold Gains in IPO

Live Mint  

Early backers of Swiggy are set to reap significant gains on their investments as the food delivery and quick-commerce platform goes public in early November. The price band for Swiggy has been fixed in the range of ₹371-390 per equity share with a face value of ₹1. The company plans to use the bulk of the proceeds (about ₹1,178.7 crore) …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

Swiggy Looks At Pre-IPO Deal
8 months, 1 week ago

Swiggy Looks At Pre-IPO Deal

Deccan Chronicle  

Chennai: Food delivery service provider Swiggy is planning to go for a pre-IPO deal of offering shares to high net-worth individuals at 20 per cent discount. Ahead of the IPO slated to be held after the general elections, Swiggy is pitching for a pre-IPO deal to high net-worth individuals to buy its shares at 20 per cent discount on its …

Swiggy’s GMV reaches $1.43 billion in 1H24; here’s what brokerages say
1 year ago

Swiggy’s GMV reaches $1.43 billion in 1H24; here’s what brokerages say

Live Mint  

Food-Tech Review: Domestic brokerages have conducted comparisons between food-delivery tech companies, Swiggy and its rival Zomato, following global investment firm Prosus's review report on Swiggy. Swiggy's core food delivery business grew 17% and delivered gross merchandise value of $1.43 billion in the first half of FY24, reported CNBC-TV 18 citing Prosus. Here's what brokerages say JM Financial According to the …

After Zomato, Swiggy Likely to Lay Off 250 Employees This Month
2 years ago

After Zomato, Swiggy Likely to Lay Off 250 Employees This Month

News 18  

After Zomato, Swiggy may lay off more than 250 employees or up to 5 per cent of its workforce starting this month. Last month, global brokerage firm Jefferies said that Swiggy was fast losing market share to its rival Zomato despite offering heavy discounts. Citing Swiggy investor Prosus’ financial report, Jefferies said that the gross value of Swiggy’s food delivery …

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