Rs 325 or Rs 470? Swiggy share price targets leave investors confused after listing
Like most other big IPOs, Swiggy too made a muted debut on Dalal Street by listing at a small premium of 8% over its issue price. Since Swiggy is currently loss-making at consolidated level and believed to be at least 2-3 years away from PAT level break-even, investors are refraining from making bold bets. After…
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Swiggy shares surge 9% after listing, market cap crosses Rs 1 lakh crore
Shares of leading food delivery player Swiggy surged 9% to Rs 449 on BSE in Wednesday’s trade after making its Dalal Street debut at Rs 412. Meanwhile, the companyβs market capitalization crossed Rs 1 lakh crore mark. Swiggyβs muted debut on Dalal Street was marked by a small premium of 8% over its issue price….
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