Swiggy Share Price At Near One-Month High After Morgan Stanley Initiation
Morgan Stanley expects Swiggy's Ebitda to break-even by fiscal 2028.

Swiggy Ltd.'s share price rose to the highest level in one month as sentiment for the stock turned positive after Morgan Stanley started covering the company. The brokerage has given a 'overweight' rating and a target price of Rs 405, implying a 21.5% upside from current levels.
Morgan Stanley expects Swiggy's Ebitda to break-even by fiscal 2028. It values Swiggy's food delivery at nearly 52% of Eternal’s corresponding business and estimates Swiggy lags by two years on adjusted Ebitda and 15% in market share.
After initiation, Swiggy share price rose as much as 4.19% in Tuesday's session. However, it erased all gains and ended 0.03% down at Rs 333.2 apiece.
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Swiggy Share Price Today

Swiggy shares rose 6.32% to Rs 353.90 apiece, the highest level since May 5. They were trading 6.24% higher at Rs 354.1 apiece as of 11:55 a.m., as compared to a 0.18% advance in the NSE Nifty 50.
The stock has declined 23.19% in 12 months, and 34.66% on year-to-date basis. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 65.72.
Out of 21 analysts tracking the company, 15 maintain a 'buy' rating, three recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 19.4% .