Adobe Stock
Swiggy’s share price has been on the move lately, climbing over 12 per cent in recent sessions and drawing fresh attention from analysts and investors. What’s fuelling the rally? Broker upgrades, a growing quick-commerce footprint and post-lock-in buying interest.
But here’s the catch: It’s still a loss-making business with steep valuations.
Why the stock is trending
- Broker optimism: ICICI Securities has a Rs 740 target. IIFL gave a fresh ‘buy’ call with a Rs 535 target, implying strong upside from current levels.
- Quick-commerce buzz: Instamart now delivers in 500+ cities, strengthening Swiggy’s edge after Zomato pulled the plug on Blinkit’s 10-minute model in some markets.
- Lock-in expiry play: Post-May lock-in selling dragged the stock to nearly Rs 297. It’s now rebounding, with buyers stepping in at lower levels.
About the company
Swiggy, listed as Bundl Technologies Ltd, runs one of India’s largest food delivery and grocery platforms. It operates in 500+ cities and has expanded into dine-in, instant delivery (Instamart), errands (Genie) and more.
Key numbers
| Metric | Value |
|---|---|
| Market cap | Rs 93,337 crore |
| Book value | Rs 3,083.1 |
| P/B ratio | 9.1 |
| EPS | - Rs 781.9 |
| ROCE | - 26.7 per cent |
Swiggy is still bleeding money. Its valuation—at nearly 9x book—is steep for a company with negative returns and no earnings visibility in the short term.
The bottom line
Swiggy’s recent rally shows market optimism. But don’t forget—it’s a pricey stock with deep losses. If you believe in the long-term story of digital consumption and fast delivery, it might be worth a spot on your watchlist. Otherwise, stay cautious and wait for the numbers to do the talking.
Serious about wealth? So are we.
Join thousands of smart investors who rely on Value Research Stock Advisor for expert-picked stocks, time-tested strategies and long-term discipline.
Stop guessing. Start growing. Check it out now: Value Research Stock Advisor.
Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
