🔔 Rating Alert
CLSA initiates coverage on Swiggy Ltd with an Outperform rating and a target price of ₹708, indicating a potential upside of 32%.
Swiggy Ltd Analyst Rating
based on 7 analysts
50.00%
Buy
25.00%
Hold
25.00%
Sell
Based on 7 analysts offering long term price targets for Swiggy Ltd. An average target of ₹468.57
Source: S&P Global Market Intelligence
Swiggy Ltd Share analysis
Excluding Excise Duty and Other Income, represents Net Revenue
Swiggy Ltd revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Swiggy Ltd EPS growth forecast
EPS estimate Q1, FY2026:0
Forecast
Actual
Source: S&P Global Market Intelligence
Swiggy Ltd Performance
Day's Low
Day's High
₹540₹567.952 Week's Low
52 Week's High
₹391₹576.7
| Returns % | |
| 1 Month Return | + 17.73 % |
| 3 Month Return | + 17.73 % |
| 1 Year Return | + 17.73 % |
| Market Stats | |
| Previous Close | ₹536.85 |
| Open | ₹560.00 |
| Volume | 1.18Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,20,171.04Cr |
Swiggy Ltd Key Statistics
| P/E Ratio | 347.41 |
| PEG Ratio | 237.95 |
| Market Cap | ₹2,84,974.85 Cr |
| P/B Ratio | 6.95 |
| EPS | 0.4 |
| Dividend Yield | 0 |
| Sector | E-Commerce/App based Aggregator |
| ROE | 5.15 |
Swiggy Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹2,84,974.85 Cr | 26.87% | 0.50 | ₹351 Cr | ₹12,114 Cr | |
| BUY | ₹1,09,094.93 Cr | 47.37% | 0.50 | ₹594 Cr | ₹2,536 Cr |
About Swiggy Ltd
Share Price: ₹543.75 per share as on 10 Dec, 2024 04:01 PM
Market Capitalisation: ₹1,20,171.04Cr 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 - 10 Dec
09:35 AM
-Swiggy shares rise over 5% after CLSA initiates coverage with a target price of Rs 708.
Key events for Swiggy Ltd
CLSA Initiates Coverage, Boosts Swiggy Stock - 10 Dec, 2024
CLSA initiated coverage on Swiggy with an Outperform rating and a target price of Rs 708, indicating a potential upside of 32%. The brokerage sees significant growth potential in the food delivery and quick commerce markets, expecting Swiggy to benefit from a large total addressable market. Following the announcement, Swiggy shares jumped over 5%, reflecting strong investor interest.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.Swiggy Reports Strong Revenue Growth in Q2 FY25 - 07 Dec, 2024
In Q2 FY25, Swiggy achieved a 30% year-on-year revenue growth, with a notable 27% sequential growth in quick commerce, indicating market share gains. The company aims for adjusted EBITDA break-even by Q3 FY26.HSBC Initiates Coverage on Swiggy Amid Challenges - 06 Dec, 2024
HSBC has initiated coverage on Swiggy with a hold rating, citing competitive challenges and a target price of ₹550. Despite a 39% gain since IPO, profitability remains a concern. JM Financial also maintains a buy rating, highlighting decent Q2 results. Swiggy reported a net loss of ₹625.5 crore, with slight improvements in sales and EBITDA.Swiggy Shares Surge Amid Profitability Optimism - 05 Dec, 2024
Swiggy's stock has seen significant gains, driven by management's profitability timelines and improved business metrics. Analysts remain cautious, citing competitive pressures and valuation concerns.Swiggy Reports Strong Q2 FY25 Earnings and Growth - 04 Dec, 2024
Swiggy's Q2 FY25 results reveal a 30% revenue increase and narrowing losses, leading to a 6% share price jump. The company focuses on growth strategies and improving margins post-IPO.Swiggy Reports Loss but Expands into Sports Management - 03 Dec, 2024
Swiggy reported a net loss of ₹625.5 crore for the September quarter, despite significant revenue growth. The company plans to invest ₹1,600 crore in Scootsy and aims for operational profitability by December 2025. Additionally, Swiggy is launching a new subsidiary focused on sports and recreational activities.Swiggy Expands Delivery Service and Reports Gains - 02 Dec, 2024
Swiggy's stock saw a boost after announcing the expansion of its 10-minute delivery service, Bolt, to 400 cities. The company also prepares to release its Q2 results, with significant gains reported by its largest shareholder, Prosus. Co-founder highlights the success of their IPO process.Swiggy Instamart Saves Wedding Day with Quick Delivery - 01 Dec, 2024
A user shared a positive experience with Swiggy Instamart, highlighting its quick delivery of a kurta just in time for a wedding. The service was praised for its efficiency, delivering within minutes and saving the day.Swiggy Launches Onion Flash Sale Amid Price Surge - 30 Nov, 2024
In response to soaring onion prices, Swiggy Instamart initiated a flash sale offering onions at Rs 39 per kilogram in Delhi NCR, significantly below market rates. This sale was prompted by a humorous request from a customer.Swiggy's Upcoming Q2 Results and Lock-Up Expiry - 29 Nov, 2024
Swiggy is preparing to announce its Q2FY25 results on December 3, 2024, after a successful IPO raising Rs 11,327 crore. Additionally, a lock-up period for shares worth Rs 1.2 trillion is set to expire soon.
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
Price Rise
In the last 7 days, SWIGGY stock has moved up by 7.0%
- 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
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
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Swiggy Ltd (SWIGGY) share price today is ₹543.75
Swiggy Ltd is listed on NSE
Swiggy Ltd is listed on BSE
- Today’s highest price of Swiggy Ltd is ₹567.9.
- Today’s lowest price of Swiggy Ltd is ₹540.
Today’s traded volume of Swiggy Ltd(SWIGGY) is 1.18Cr.
Today’s market capitalisation of Swiggy Ltd(SWIGGY) is ₹120171.04Cr.
| Swiggy Ltd(SWIGGY | Price |
|---|---|
52 Week High | ₹576.7 |
52 Week Low | ₹391 |
Swiggy Ltd(SWIGGY) share price is ₹543.75. It is down -5.71% from its 52 Week High price of ₹576.7
Swiggy Ltd(SWIGGY) share price is ₹543.75. It is up 39.07% from its 52 Week Low price of ₹391
| Swiggy Ltd(SWIGGY | Returns |
|---|---|
1 Day Returns | 6.9% |
1 Month Returns | 17.73% |
3 Month Returns | 17.73% |
1 Year Returns | 17.73% |