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 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 …
