Swiggy shares are down 20% from post-listing peak
Thu, Jan 9, 2025 9:09 AM

Swiggy shares are down 20% from post-listing peak

A Flip by Shubhangi Gupta
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Bernstein has initiated coverage on Swiggy Ltd. with an ‘Outperform’ rating and a price target of ₹635 per share. The target implies a potential upside of 29% from the stock’s closing levels on Wednesday. In its note, Bernstein said that Swiggy pioneered food delivery in 2014, later expanding into quick commerce. It is now the second-largest hyperlocal platform in India, after Zomato.

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