Swiggy shares fall over 9% as Zomato numbers spoil near-term outlook
Swiggy shares fell up to 9.55% to Rs 433.25 on BSE in the morning session on Tuesday after peer Zomato surprised investors by reporting a slowdown in the food delivery business. The Q3 miss led brokerages to downgrade Zomato shares as well as cut target prices. Zomato shares fell 11% to Rs 214 on BSE…
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Stocks to buy today: Bernstein initiates coverage on Swiggy; Jefferies sees over 20% upside in IndiGo
Analysts at top brokerage firms have shared optimistic outlooks on key players across diverse sectors, highlighting significant growth opportunities and robust fundamentals for the upcoming year. Bernstein has initiated coverage on Swiggy with an “Outperform” rating, citing its leadership in India’s convenience economy and its potential to capitalize on super-fast delivery models. Meanwhile, Jefferies remains…
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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 jump nearly 2% as JP Morgan initiates coverage, sets Rs 730 target
Shares of food-delivery company Swiggy surged 1.7% to their day’s high of Rs 587.30 on the BSE as the global brokerage firm JP Morgan has initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 730. This indicates an upside potential of 26.5% for the stock from the current levels….
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4 reasons why Axis Capital backs Swiggy for Rs 640 stock price
Axis Capital has initiated coverage on Swiggy with a ‘buy’ rating and a target price of Rs 640, signalling a 20% upside from its last closing price. The brokerage sees significant opportunities in Swiggy’s long-term growth, on the back of robust growth in food delivery and quick commerce, a projected 38% revenue CAGR, improving profitability,…
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Swiggy shares fall over 4% as IPO lock-in expiry ends for 6.5 crore shares
Shares of newly-listed food and grocery delivery platform Swiggy on Wednesday fell up to 4.4% to a low of Rs 519.50 on BSE in the morning session as 6.5 crore shares of the company freed up for trade. The one-month expiry of a mandatory lock-in period ended today to free up 6.5 crore shares of…
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Hot Stocks: Brokerage view on Godrej Properties & Divi’s Lab; CLSA initiates coverage on Swiggy
Leading brokerages have shared their latest recommendations on key stocks, highlighting significant growth potential and strategic opportunities. CLSA has initiated coverage on Swiggy with an “Outperform” rating, citing its strong position in the food delivery and quick commerce markets. Jefferies has reiterated its “Buy” rating on Godrej Properties, emphasizing its pivot to owned land and…
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Swiggy shares rally over 9%, extend gains after narrowing quarterly losses
Newly listed Swiggy shares climbed as much as 9.2% on Thursday to Rs 565.85 on the BSE, extending a results-driven rally into a second session, as the food delivery giant saw its losses during the July-September quarter narrow 5% to Rs 625.53 crore, from Rs 657 crore in the year-ago period. Buoyed by narrowing losses…
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Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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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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