swiggy stock

Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating

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Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating

Shares of food delivery and quick commerce platform Swiggy have jumped nearly 5% over the past two trading sessions to Rs 347, following Morgan Stanley’s initiation of coverage with an ‘Overweight’ rating. The global brokerage has set a price target of Rs 405, implying a potential upside of 22% from the stock’s previous close. The … Read more

HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430

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HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430

Citing Swiggy’s solid brand presence and user base, brokerage HDFC Securities has initiated coverage on the Dalal Street debutant with an Add rating and a stock target price of Rs 430. The brokerage highlights the company’s strong growth prospects in quick commerce but notes operational hurdles could impact its long-term profitability trajectory. The target price … Read more