{
Swapnil Potdukhe

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001122334455554433221100

JM Financial initiates buy rating for Swiggy with 20 percent upside potential

JM Financial has initiated coverage on Swiggy, assigning it a 'buy' rating with a price target of Rs 470, indicating a 20% upside from its IPO price of Rs 390. Following its $1.3 billion listing, Swiggy's shares rose modestly, reaching a high of Rs 448, reflecting a 15% gain. The firm highlighted significant growth potential in Swiggy's Instamart rapid grocery delivery service, positioning it as a strong player in India's consumer market.
Moneycontrol
Indian Rupee Zomato Limited Swiggy Ltd. IND Swapnil Potdukhe
Finance & Economy, Market Report
07:22 13.11.2024
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