Bernstein initiates coverage on Swiggy with Rs 635 target price, stock up 6%
Swiggy shares climbed as much as 6.1% on Thursday to Rs 520.70 on the BSE after global brokerage firm Bernstein initiated coverage on the food delivery player with an ‘outperform’ rating at a target price of Rs 635 per share, which implies a potential upside of 22% from the stock’s current levels. The brokerage firm…
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Swiggy shares rally another 8% as brokerages back growth potential
Shares of newly-listed Swiggy climbed as much as 8.1% on Wednesday to Rs 499 on BSE, with the stock surging nearly 16% in the past two sessions after UBS became the latest brokerage to initiate coverage on the food delivery major with a “Buy” rating, highlighting Swiggy’s promising growth in India’s food delivery and quick…
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