Swiggy Shares Jump 6% Intraday To INR 492.60

SUMMARY

However, the shares shed gains later, trading 5.53% higher at INR 465.00 as of 12:33 PM

At its previous close price, the stock is at a downside of 24.63% from its 52-week high of INR 617

At 1:14 PM, Sensex was up 243.88 points or 0.32% at 76,743.51 while Nifty50 was also above 0.14% or 32.15 at 23,208.20

Shares of Swiggy


Sector
Consumer Services
Stage
Undisclosed
Total Funding
$3.58 Bn+
surged as much as 6% to reach INR 492.60 during the intraday trading session on the BSE today (January 15).

However, the shares shed gains later, trading 5.53% higher at INR 465.00 as of 12:33 PM. The company’s market capitalisation stood at INR 1,09,840.61 Cr at the aforementioned time, with as many as 60 Lakh shares having changed hands by then.

Led by the broader market slump recently, the stock has given a negative return of around 3% in the last 5 days. At its previous close price, the stock is at a downside of 24.63% from its 52-week high of INR 617. 

Meanwhile, today’s rally in Swiggy’s stock came in alignment with the surge in broader Indian indices like Sensex and Nifty50. At 1:14 PM, Sensex was up 243.88 points or 0.32% at 76,743.51 while Nifty50 was also above 0.14% or 32.15 at 23,208.20. 

Not to mention, Swiggy’s counterpart Zomato’s shares also surged up to 5% on the intraday basis today.  

Recently, the Sriharsha Majety-led company rolled out a new app, ‘SNACC’, targeting a 15-minute food delivery service in select parts of Bengaluru. Afterwards, Zomato launched its 10-minute food delivery service Bistro. 

Showing apprehension around the launch of these apps, industry bodies like the National Restaurant Association of India (NRAI) have expressed plans to approach the Competition Commission of India (CCI) over their anti-competition practices. 

Since its listing on 10 November at INR 412 on the BSE, the stock has delivered a return of 12.86% of its previous closing price. This comes against its counterpart Zomato yielding 84.18% return on a yearly basis. 

On the financial front, the foodtech major expects its business to achieve adjusted EBITDA profitability on a consolidated level in the third quarter of the financial year 2025-26 (FY26).

Swiggy’s consolidated net loss declined nearly 5% year-on-year (YoY) to INR 625.53 Cr in Q2 FY25 while operating revenue jumped 30% to INR 3,601.45 Cr.

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