Swiggy shares jump 5%; Nomura initiates 'buy' with 25% upside potential

Swiggy shares today: Shares of food delivery company Swiggy surged on Monday. The stock touched an intra day high at Rs 440.00, signaling a 5 per cent rise. At 2:10 pm, Swiggy shares were trading at Rs 446.15 on National Stock Exchange (NSE). The stock's intra day trade ranged between Rs 440.10 and Rs 459.10.

In a recent development, Swiggy's Instamart is holding its first-ever annual mega sale, 'Quick India Movement' from 19th September to 28th September, 2025 offering discounts of 50 to 90 per cent on its wide range of products across various categories including electronics, home and personal care. The annual mega sale is said to be launched to celebrate festive seasons and provide convenience to the customers.

Brokerages views on Swiggy: Should you buy, sell or hold?

Global brokerage firm Nomura initiated 'Buy' on Swiggy stock prices stating the price target at Rs 550 per share. This implies a potential upside of 25 percent on prices from Friday's closing levels.

The brokerage firm also said that Swiggy's food delivery business is on steady profitability path and is anticipated to be a key cash generator. However, its quick commerce vertical holds a challenger position but the profitability is likely to improve.

Nomura states that Swiggy is well funded for scaling its quick commerce further and therefore the risk of dilution is low. It alerted that the macro slowdown could also pose a risk to growth assumptions for the online food delivery business.

Earlier, the GST Council revised the Goods and Services Tax (GST) slabs on 3rd September. The new slabs, affective from 22nd September, are mainly two slabs of 5 per cent and 18 per cent. The highest tax slab includes restaurant services and Indian e-commerce platforms like Swiggy, Zomato, Blinkit who will have to pay 18 per cent GST on their services under the revised tax regime.