Reported 11 days ago
Swiggy's shares soared nearly 15% during their trading debut, valuing the company at $11.9 billion, defying broader market trends. The stock opened at 420 rupees and peaked at 448 rupees, following a successful oversubscribed IPO. Despite ongoing losses and market challenges, analysts see potential for long-term growth but remain cautious about the company's journey to profitability.
Source: YAHOO