Swiggy Share price is in the news, as the food delivery giant is on the downtrend since market opening. Should you buy or sell? Check company financials, recent news, target price to recommendations.
Swiggy Share Price in the Market Today
As of today, Swiggy Share price is at Rs 390.75. That is 0.10% down already. The current UC limit is at Rs 469.35 and the LC limit is at Rs 312.95. The total market capitalization of the company stands around Rs 97,414crores.
Company Financials
The food delhivery company has shown a good results in Q4. Total income has grown by 44.80% to Rs 4410.02 Cr. Operating profits also increased by 84.61% and it was at Rs -1169.72 cr in q4, operating margins also improved by 27.49%. Total profit after tax for q4 was – 1081.18 cr that is 94.89% better.
Recent News About Swiggy
Swiggy shares have rebounded nearly 22% in the past month, driven by positive coverage from major brokerages. But the share price is still 28% down year to date.
The company managed to get adjusted EBITDA loss by 30% in the FY24 but, this year the losses are more due to increased investments.
Swiggy Share Price Target
Swiggy Share Price has multiple target price recommended by different institutions and analysts. IIFL Securities suggests a target of Rs 535, and Kotak Institutional Equities suggest Rs 415. However, Consensus suggested a target price of Rs 418.50 by the end of 2025.
Recommendations on Buy or Sell
According to the moneycontrol website, 45% of the analyst suggest buying Swiggy Shares. The rest, 14% suggest hold, and 14% suggest sell. On the other hand, Consensus analyst also suggest buy for these shares.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
