Swiggy share price hits all-time high today. Here's what drove the rally
Swiggy made its stock market debut on November 13, listing at a 7.69% premium. The stock opened at Rs 420 per share on the NSE, compared to its IPO price of Rs 390.
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Swiggy shares zoomed 15% to hit record high level; more steam left?
The stock today surged 14.99 per cent to hit an all-time high of Rs 612.30. It eventually settled 11.70 per cent at Rs 594.80. At this price, the recently-listed counter has rallied 52.51 per cent compared to its issue price of Rs 390.
Swiggy Shares Surge 14%, Stock Price Up 40% From Listing Date
Swiggy is making strides toward profitability, with Axis Capital forecasting an adjusted EBITDA of Rs 390 crore by FY27, a remarkable turnaround from a projected loss of Rs 1,840 crore in FY24. This improvement is attributed to: Cost optimisation across fixed and variable expenses.
Swiggy shares hit all-time high as Axis Capital sees 20% upside; stock up 40% since listing
The analysts at the brokerage tagged a 'BUY' recommendation on the shares of the company, seeing a 20 percent upside potential.
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NBCC Share Price Target 2024: Navratna PSU bags Rs 490 cr order! Aims for 1 lakh cr order book by 2025 - Stock to hit Rs 120 levels?
Ltd, a state-owned company, announced on Monday that it has received work orders totalling roughly Rs 490 crore across ...
Swiggy share price poised for 20% upside? Axis Capital initiates coverage on stock, highlights competitive position
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Dhanlaxmi Crop Science share price: Stock lists at 90pc premium over IPO price on NSE Emerge
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