Swiggy races 6% as Bernstein initiates with 'Outperform'; sees 29% upside

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Swiggy races 6% as Bernstein initiates with 'Outperform'; sees 29% upside - Business Standard

Quick Summary:

At 10:43 AM, Swiggy shares were trading 2.56 per cent higher at Rs 503.20 per share.

Swiggy shares listed at Rs 412 on the BSE, reflecting a 5.6 per cent premium over its IPO allotment price of Rs 390.

Swiggy operates in over 580 cities across India and has expanded its offerings with Swiggy One, a membership program that provides exclusive benefits on food, quick commerce, dining, and pick-up and drop services.