🔔 Rating Alert
Anand Rathi initiates coverage on Swiggy Ltd. with a buy rating and a target price of Rs 705 per share, indicating a 27% upside.
Swiggy Ltd Analyst Rating
based on 11 analysts
58.33%
Buy
16.67%
Hold
25.00%
Sell
Based on 11 analysts offering long term price targets for Swiggy Ltd. An average target of ₹567.09
Source: S&P Global Market Intelligence
Swiggy Ltd Share analysis
Swiggy Ltd price forecast by 11 analysts
Upside of4.74%
High
₹730
Target
₹567.09
Low
₹325
Swiggy Ltd target price ₹567.09, a slight upside of 4.74% compared to current price of ₹532.1. According to 11 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Swiggy Ltd revenue growth forecast
Expected growth rate Q1, FY2027:0
Forecast
Actual
Including amortisation and stock based compensations
Swiggy Ltd EPS growth forecast
EPS estimate Q1, FY2027:0
Forecast
Actual
Source: S&P Global Market Intelligence
Swiggy Ltd Performance
Day's Low
Day's High
₹520.2Day's Price Range₹546.5552 Week's Low
52 Week's High
₹39152-Week Price Range₹617.3
| Returns % | |
| 1 Month Return | -0.6 % |
| 3 Month Return | + 18.74 % |
| 1 Year Return | + 18.74 % |
| Market Stats | |
| Previous Close | ₹541.45 |
| Open | ₹544.40 |
| Volume | 71.96L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,21,200.73Cr |
Swiggy Ltd Key Statistics
| P/E Ratio | -0.84 |
| PEG Ratio | 0 |
| Market Cap | ₹1,21,200.73 Cr |
| P/B Ratio | 0 |
| EPS | 0 |
| Dividend Yield | 0 |
| Sector | E-Commerce/App based Aggregator |
| ROE | 0 |
Swiggy Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,21,200.73 Cr | 3.75% | 0.51 | -₹2,351 Cr | ₹11,247 Cr | |
| BUY | ₹1,16,956.15 Cr | 51.64% | 0.50 | ₹594 Cr | ₹2,536 Cr | |
| BUY | ₹2,63,309.82 Cr | 23.31% | 0.50 | ₹351 Cr | ₹12,114 Cr |
About Swiggy Ltd
Share Price: ₹532.10 per share as on 06 Jan, 2025 04:04 PM
Market Capitalisation: ₹1,21,200.73Cr as of today
Revenue: ₹3,601.45Cr as on September 2024 (Q3 24)
Net Profit: ₹-625.53Cr as on September 2024 (Q3 24)
Listing date: 13 Nov, 2024
Chairperson Name: Anand Kripalu
| Organisation | Swiggy Ltd |
| Headquarters | |
| Industry | E-Commerce/App based Aggregator |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
12:35 PM
-Public markets embrace technology-led businesses, including Swiggy, following recent listings like BlackBuck.
Key events for Swiggy Ltd
Swiggy Gains Attention in Technology-led Market - 06 Jan, 2025
Public markets are increasingly favoring technology-driven companies, highlighted by Swiggy's recent listing and coverage initiation by Anand Rathi with a buy rating.AICPDF Raises Concerns Over Swiggy Instamart Ad - 04 Jan, 2025
The AICPDF has urged PM Modi to intervene against a Swiggy Instamart advertisement that allegedly threatens small retailers' livelihoods, calling it a predatory campaign. The federation warns of potential monopolistic practices and economic harm if such actions continue unchecked.Swiggy Outperforms Zomato Post-Listing Gains - 03 Jan, 2025
Swiggy, now listed alongside Zomato, has seen a 30% increase in its stock price since its November 14 listing, outperforming Zomato's 11% rise.Accel's Major Gains from Swiggy IPO - 01 Jan, 2025
Accel's investment in Swiggy's IPO yielded a remarkable 35x return, highlighting the IPO's success as one of India's largest. Swiggy's IPO was oversubscribed 3.59 times.Swiggy Shares Surge Post-IPO Amid Lock-In Expiry - 30 Dec, 2024
Swiggy's shares have increased by 58% since their IPO at ₹390, currently trading 42% higher. The lock-in period for shares expires soon, potentially impacting stock performance.Swiggy IPO Launches with Strong Market Debut - 29 Dec, 2024
Swiggy's IPO raised Rs 11,327 crore, showing a tepid investor response with 3.59 times subscription. Shares debuted at Rs 456, currently trading at Rs 546, reflecting a 40% increase.Swiggy Stock Surges Amid Positive Market Sentiment - 28 Dec, 2024
Swiggy's stock has increased nearly 40% since its IPO, supported by JP Morgan's overweight rating. Additionally, a festive spending record was set on Swiggy Instamart.Swiggy Reports Strong Q2 Results and Growth - 27 Dec, 2024
Swiggy's Q2 results show a 7% share price increase due to narrowed losses and a 30% revenue rise. Instamart sees significant grocery spending, indicating strong consumer interest.Swiggy Launches Financial Literacy Program for Delivery Partners - 25 Dec, 2024
Swiggy has partnered with the NSE to launch a financial literacy program for its delivery partners, focusing on women. The initiative aims to enhance financial awareness and planning, with content available in regional languages. Swiggy targets onboarding 1 lakh women as delivery partners by 2030, covering topics like budgeting and investments through interactive sessions led by SEBI-certified trainers.Swiggy Receives Positive Coverage from JP Morgan - 19 Dec, 2024
JP Morgan initiates coverage on Swiggy, projecting a target price of ₹730, highlighting its growth potential in food delivery and quick commerce. The stock shows strong performance post-IPO, with analysts optimistic about its future. Bistro's competition is noted to be more aligned with Zepto Café than Swiggy.Swiggy Faces Profit Booking Amid Strong Growth - 18 Dec, 2024
Swiggy's sales increased by 36% YoY, while losses narrowed. However, shares dipped over 1% as investors took profits after a recent surge.Swiggy Stock Surges on GST Tax Cut News - 17 Dec, 2024
Swiggy's stock saw an 11.7% increase following news of a potential GST reduction on food delivery services. The company also expanded its Bolt service to over 400 cities, enhancing its market presence.Axis Capital Initiates Buy Rating for Swiggy - 16 Dec, 2024
Axis Capital has initiated coverage on Swiggy with a Buy rating and a target price of Rs 640, highlighting growth potential in food delivery and quick commerce. The brokerage expects a 38% revenue CAGR from 2024 to 2027, with significant improvements in profitability metrics.Swiggy Clarifies Sports Involvement Amid Market Challenges - 15 Dec, 2024
Swiggy has clarified its position regarding sports, stating it will only own the Mumbai Pickleball team rights. Additionally, it faces challenges from quick commerce competitors, accusing them of predatory pricing.Swiggy Launches New Event Booking Feature - 13 Dec, 2024
Swiggy has introduced Swiggy Scenes, enabling users to book events and parties at partner restaurants, competing with established ticketing services. The service follows the successful rollout of Bolt, which has gained traction in food orders.Swiggy Faces Stock Decline Amid New Membership Launch - 11 Dec, 2024
On December 11, 2024, Swiggy's stock faced a decline due to profit booking after the lock-in period expired and competition from Amazon. CLSA's bullish coverage contrasts with these challenges, while Swiggy launched a premium membership to enhance user experience.CLSA Initiates Coverage with Bullish Target for Swiggy - 10 Dec, 2024
CLSA has initiated coverage on Swiggy Ltd with an Outperform rating and a target price of ₹708, highlighting significant growth potential in food delivery and quick commerce markets. Despite recent losses, Swiggy's revenue surged 30% year-on-year, positioning it well for future growth.Swiggy Reports Improved Financials and Expansion Plans - 09 Dec, 2024
Swiggy reported a reduced net loss of Rs 625.5 crore for Q2 FY2024, with an 11.8% revenue increase to Rs 3601 crore. The company plans to invest Rs 1600 crore in Scootsy and expand its dark store area significantly by March 2025. Swiggy shares have surged 8.5% in the past week, reflecting positive market sentiment.
Insights on Swiggy Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 0.00% to 5.22% in Nov 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 0.00% to 3.85% in Nov 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 0.00% to 86.67% in Nov 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 7 days, SWIGGY stock has moved down by -1.7%
Swiggy Ltd Financials
Index Inclusions
Swiggy Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 0% | 0.00 | |
| Foreign Institutions | 5.22% | 0.00 | |
| Mutual Funds | 3.85% | 0.00 | |
| Retail Investors | 86.67% | 0.00 | |
| Others | 4.26% |
Swiggy Ltd Key Indicators
Swiggy Ltd Earnings and Dividends
Swiggy Ltd Earnings Results
Swiggy Ltd’s net profit jumped 4.79% since last year same period to ₹-625.53Cr in the Q2 2024-2025. On a quarterly growth basis, Swiggy Ltd has generated -2.38% fall in its net profits since last 3-months.
Read More about Earnings Results
Swiggy Ltd Technicals Summary
Bearish
Neutral
Bullish
Swiggy Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Swiggy Ltd
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Swiggy Ltd (SWIGGY) share price today is ₹532.1
Swiggy Ltd is listed on NSE
Swiggy Ltd is listed on BSE
- Today’s highest price of Swiggy Ltd is ₹546.55.
- Today’s lowest price of Swiggy Ltd is ₹520.2.
Today’s traded volume of Swiggy Ltd(SWIGGY) is 71.96L.
Today’s market capitalisation of Swiggy Ltd(SWIGGY) is ₹121200.73Cr.
| Swiggy Ltd(SWIGGY | Price |
|---|---|
52 Week High | ₹617.3 |
52 Week Low | ₹391 |
Swiggy Ltd(SWIGGY) share price is ₹532.1. It is down -13.80% from its 52 Week High price of ₹617.3
Swiggy Ltd(SWIGGY) share price is ₹532.1. It is up 36.09% from its 52 Week Low price of ₹391
| Swiggy Ltd(SWIGGY | Returns |
|---|---|
1 Day Returns | -9.35% |
1 Month Returns | -0.6% |
3 Month Returns | 18.74% |
1 Year Returns | 18.74% |