NSE: SWIGGY | BSE: 544285

Expensive Underperformer

Download real time

248.85 -5.30 (-2.09%)

New 52W Low in past week

2.2M NSE+BSE Volume

NSE 03 Jun, 2026 12:27 PM (IST)

68,690.4

Market Cap

Above industry Median

Beta 1Year

High Volatility

Swiggy Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SWIGGY, BSE:544285 Swiggy Ltd.

Search Inside the pdf :

Swiggy Ltd.

29 Jan 2026

248.85

-2.09%

Divergent approach amid intense competition

Buy: Swiggy Ltd.

Target

Motilal Oswal

Swiggy delivered a revenue of INR61.5b in 3QFY26 (up 54.6% YoY) vs. our estimate of INR57.7b. The food delivery (FD) business’s GOV grew 20.5% YoY, whereas the contribution margin (CM) remained improved 30bp QoQ at 7.6%.

Number of FII/FPI investors decreased from 660 to 625 in Mar 2026 qtr

Swiggy Ltd.

31 Oct 2025

248.85

-2.09%

Quick-commerce’s growth catching up with improving profitability

Buy: Swiggy Ltd.

ICICI Securities Limited

In food delivery, GOV grew 18.8% YoY and adj. revenue grew 22% YoY, indicating possible share gains despite increasing competitive intensity.

Swiggy Ltd. is trading below all available SMAs

Swiggy Ltd.

11 Oct 2025

248.85

-2.09%

Turning a corner

Buy: Swiggy Ltd.

Recommendation Target

Motilal Oswal

We upgraded Swiggy to BUY (see our report dated, 4th September, Internet: A buffet of tailwinds), reflecting an inflection in growth of the food delivery (FD) business and improved unit economics in the quick commerce (QC) business.

Swiggy Ltd. has an average target of 590.00 from 2 brokers.

Swiggy Ltd.

11 May 2025

248.85

-2.09%

Instamart’s losses widened, execution lags Blinkit, but FD robust; Buy

Buy: Swiggy Ltd.

Anand Rathi

The strong FD performance (+17.6% y/y GOV growth vs. Zomato’s 15.9% y/y) indicates some market-share gain for Swiggy, largely due to the ~10-15-minute delivery initiative ‘Bolt’ (now constituting 12%+ overall volumes vs. ~9% in Q3 FY25).

Swiggy has lost -25.34% in the last 1 Year

Swiggy Ltd.

06 Feb 2025

248.85

-2.09%

Gains share in food delivery; QC losses grow higher than expected

Buy: Swiggy Ltd.

ICICI Securities Limited

In FD, we estimate Swiggy to have gained market share of ~30bps on GOV basis and ~50bps on MTU basis. This is broadly in line with our survey findings.

Swiggy Ltd. has an average target of 590.00 from 2 brokers.

Swiggy Ltd.

05 Feb 2025

248.85

-2.09%

Competition and expansion plans to drag QC profits

Neutral: Swiggy Ltd.

Motilal Oswal

Swiggy delivered a revenue of INR39.9b in 3QFY25 (up 11% QoQ) vs. our estimate of INR38.9b. The food delivery (FD) business’s GOV grew 19.2% YoY, whereas the contribution margin was 7.4%, recording 80bp QoQ expansion.

Swiggy Ltd. has an average target of 590.00 from 2 brokers.

Swiggy Ltd.

05 Nov 2024

248.85

-2.09%

IPO Note - Swiggy Limited - 05112024

IPO Note: Swiggy Ltd.

HDFC Securities

IPO Note - Swiggy Limited Issue Snapshot: Issue Open: November 6 November 8, 2024 Price Band: Rs. 371 390 (Employee discount of Rs 25 per share) *Issue Size: Up to Rs 11327 cr (Fresh issue of up to Rs 4499 cr + Offer for sale of Up to 175,087,863 eq sh) Reservation for: QIB atleast 75% eq sh Non-Institutional upto 15% eq sh Retail upto 10% eq sh Face Value: Rs 1 Book value: Rs 33.61 (June 30, 2024) Bid size: - 38 equity shares and in multiples thereof 100% Book built Issue