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CLSA, Swiggy
CLSA initiates coverage on Swiggy with bullish outlook, sees 32% upside on growth potential
International brokerage CLSA was among the latest to initiate coverage on recently-listed food delivery player Swiggy Ltd. The brokerage issued a bullish 'outperform' call, seeing a target price of Rs 708 per share, indicating a whopping 32 percent upside from current levels.
Swiggy share price jumps 6% as CLSA initiates ‘outperform’ rating on the stock, sees 32% upside
CLSA has initiated an ’outperform’ rating on Swiggy stock with a target of ₹708, suggesting a 32% upside. Following the report, the stock rose 5.6% to ₹567.80, showing strong investor interest.
Swiggy shares climb over 5% after CLSA initiates coverage with buy rating, sees TP at Rs 708
Swiggy's shares surged after CLSA initiated coverage with a Rs 708 target price, citing significant growth potential in food delivery and quick commerce. CLSA expects Swiggy's execution to improve, leading to accelerated growth and profitability.
Swiggy jumps almost 6% as CLSA initiates ‘Buy’; Read to know target price
The newly listed food delivery company, Swiggy shares jumped nearly 6% to hit an intra-day high of Rs 567.90 after CLSA, an international brokerage firm, initiated coverage with a ‘Buy’ call. The brokerage house has given a target price of Rs 708,
Swiggy Shares Rise 5% On CLSA Initiates Coverage With Buy Rating, Predicts 32% Upside
Shares of food and grocery delivery firm Swiggy surged by as much as 5.6%, reaching Rs 567.80 on Tuesday, following an initiation of coverage by global brokerage CLSA, which set a target price of Rs 708.
5d
on MSN
Swiggy plans fee hike for Instamart, eyes higher take rate from grocery delivery business
Swiggy's CFO Rahul Bothra told reporters that it plans to increase fees for its grocery delivery service, Instamart, with the ...
1d
on MSN
Swiggy Instamart to increase delivery fees; here’s what CFO Rahul Bothra told analyst
Swiggy plans to increase delivery fees for Instamart orders as part of its strategy to boost revenue. CFO Rahul Bothra ...
ndtvprofit
10h
Amazon Pilots 15-Minute Deliveries With Tez To Take On Swiggy, Zepto
Amazon's Tez aims to deliver essentials in under 15 minutes, challenging rivals like Blinkit, Swiggy, Zepto, and BigBasket.
6d
on MSN
Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year
The firm plans to take quick commerce dark store count from 609 to 1046 by March 2025; targets consolidated group-level ...
7d
Swiggy Loss Weighed by Instamart, Expects Operating Profit by End-2025
Food delivery platform Swiggy Ltd. posted a smaller quarterly loss and said it expects to become profitable by the final ...
4h
$6-bn market shakeup: Amazon to challenge Blinkit, Zepto, and Swiggy with 15-minute delivery in India
The quick commerce foray has reportedly been in the works for months and is rolling out at a time when Indian consumer ...
5d
on MSN
Swiggy’s Instamart pushes for higher average order value; analysts say metric's growth key to improve profitability
Swiggy Instamart's average order value (AOV) of Rs 499 has come in low compared to its competitors like Blinkit and Zepto.
inc42
7d
Swiggy Instamart’s Q2 Revenue Zooms 136% YoY To INR 490 Cr
Swiggy’s quick commerce business saw its operating revenue surge 135.7% to INR 490 Cr in Q2 FY25 from INR 208 Cr in the ...
6d
on MSN
Swiggy to increase Instamart delivery charges? Here's what we know
At the moment, delivery is free only for Swiggy One (the loyalty programme) users while others have to pay a fee ...
7d
on MSN
Swiggy Instamart at an inflection point amid rising competition: CEO Sriharsha Majety
Swiggy’s quick-commerce arm, Instamart, is navigating an inflection point as it faces rising competition and rapidly ...
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