Swiggy share price

Swiggy, the popular food delivery app, recently made its stock market debut. The company's shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on March 17, 2023.

The issue price of Swiggy shares was set at Rs. 390 per share. However, on the first day of trading, the shares opened at Rs. 420 per share, a premium of 7.69% over the issue price.

The strong demand for Swiggy shares is a testament to the company's strong brand and market position. Swiggy is one of the leading food delivery companies in India, with a presence in over 500 cities and towns. The company has a large and loyal customer base, and it is constantly expanding its reach.

Swiggy's revenue has grown rapidly in recent years. In the financial year 2022, the company's revenue was Rs. 7,756 crore, a growth of 52% over the previous year.

Swiggy is expected to continue to grow in the coming years. The company is benefiting from the growing popularity of online food delivery in India. The number of online food delivery orders in India is expected to grow from 1.6 billion in 2022 to 2.4 billion in 2025.

Swiggy is well-positioned to capture a large share of this growing market. The company has a strong brand, a large customer base, and a wide reach. Swiggy is also expanding into new businesses, such as grocery delivery and cloud kitchens.

The company's shares are expected to perform well in the long term. However, investors should be aware that the stock market is volatile, and the price of Swiggy shares could fluctuate significantly in the short term.

If you are considering investing in Swiggy shares, it is important to do your own research and consider your own investment goals and risk tolerance.