ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.
ICICI Securities has reiterated a Buy rating on Swiggy, maintaining a three-stage DCF-based target price of Rs 520, implying 81% upside from the current market price of Rs 287.
HDFC Securities has reiterated a BUY call on Swiggy, underscoring a compelling valuation opportunity after a sharp ~37% correction over the past six months.
Hero MotoCorp, Tata Motors, IndusInd Bank, Eicher Motors, Trent, Eternal and Swiggy were among major gainers on Monday as overall market sentiment improved.
Pidilite Industries, Swiggy, ABB, Havells India, IRFC and CG Power were among major gainers on Monday. Indian markets were trading firm on Monday with NSE Nifty up by 123 points.
Swiggy, Siemens, DLF, TVS Motor Company were among major gainers on NSE on Thursday. Indian markets were trading firm with NSE Nifty trading 100 points higher.
