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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Would prefer Zomato over Swiggy if asked to pick only one: Brokerage JM Financial
Citing Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce…
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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 company’s market capitalization crossed Rs 1 lakh crore mark. Swiggy’s muted debut on Dalal Street was marked by a small premium of 8% over its issue price….
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Swiggy IPO: GMP at 5% in unlisted market 3 days ahead of issue opening
The grey market premium (GMP) of Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted…
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Amitabh Bachchan to Rahul Dravid: Know the star-studded lineup of Swiggy’s celebrity investors as IPO nears
As Swiggy gears up for its high-profile IPO next week, anticipation is high among its celebrity investors, who acquired stakes in the food delivery giant early on. These high-profile stakeholders could stand to benefit significantly from a successful market debut as Swiggy transitions from a private entity to a publicly traded company. A host of…
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Zomato gives a clarification to BSE on platform fee hike
(This story originally appeared in on Oct 24, 2024) Zomato has a clarification on the recent platform fee hike – a day after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) reportedly sought clarification from the online food delivery platform. Zomato said that the Rs 10 platform fee hike is “not a rumour”….
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