Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price
Swiggy’s stock surged 10% to ₹541.95, ahead of Q2FY25 results. Since its IPO, shares have risen 39%. Brokerages like UBS and Motilal Oswal view Swiggy favourably, citing growth potential in quick commerce and a unique all-in-one app approach.
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Swiggy Q2 Results & Share Price Live: Swiggy shares zoom nearly 10% ahead of Q2 results
Swiggy shares surged on Tuesday, ahead of the company’s Q2 result announcement. This will be the company’s first earnings report since its listing on November 13, 2024.
Explained: Why Swiggy share price gained in early trade today
Swiggy's share price jumped over 9% to reach a day high of Rs 542.10, marking a 39% gain over its issue price of Rs 390. At 11:07 am, the stock was trading 3.36% higher at Rs 512 on the Bombay Stock Exchange.
Swiggy Shares Jump 9% To Hit All-Time High Ahead Of First Q2 Results Post Listing
Swiggy made its debut on the Dalal Street on November 13, with its shares listing at Rs 420 on the NSE, reflecting a 7.7% increase from the IPO price. On the BSE, the stock debuted at Rs 412, a 5.6% premium over the issue price.
Swiggy shares zoom 9% to hit all-time high ahead of Q2 FY25 results
The recently-listed stock surged 9.44 per cent to hit a day high of Rs 542.10. At this price, it has climbed 39 per cent compared to its issue price of Rs 390.
Swiggy shares rally over 9% ahead of first Q2 results after listing
Swiggy shares rose 9.4% to Rs 542.10 on the BSE. The company will release its Q2 financial results today. Swiggy's IPO had significant subscriptions and showed good investor interest. The company has faced net losses since inception but saw revenue double in FY24.
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