Swiggy Shares Surge 11.35% To Reach An All-Time High

The stock has been witnessing a bull run lately with its last four trading sessions ending in the green

The recent uptick in share price is attributed to Swiggy’s robust September quarter results

Notably, its stock has witnessed an upsurge of 25.75% at the previous close mark since listing

Shares of Swiggy surged as much as 11.35% during the intraday trading session today (December 5) to reach an all-time high at INR 576.95 on the BSE. This also marks the fresh 52-week high mark for the stock. 

The stock has been witnessing a bull run lately with its last four trading sessions ending in the green. 

The company’s market capitalisation stood at 1,26,472 Cr ($14.9 Bn) by 11:30 PM and as many as 26.6 Cr Swiggy shares traded hands by then. 

The recent uptick in share price is attributed to Swiggy’s robust September quarter results wherein the foodtech major narrowed its consolidated net loss 4.78% year-on-year to INR 625.53 Cr in Q2 FY25.

Besides, its quick commerce business wing Swiggy Instamart saw its operating revenue surge 135.7% to INR 490 Cr in Q2 FY25 from INR 208 Cr in the year-ago period.

On the adjusted EBITDA level, the company expects its business to achieve adjusted EBITDA profitability on a consolidated level in the third quarter of the financial year 2025-26 (FY26). It also anticipates achieving adjusted EBITDA break-even for quick commerce business by the second quarter of FY27 (July-September 2026).

The foodtech giant entered the bourses on November 8 with its shares listing at INR 412, an 8% premium over the IPO issue price. 

Notably, its stock has witnessed an upsurge of 25.75% at the previous close mark since listing.