In September, Swiggy sold its entire stake in ride-hailing platform Rapido for about Rs 2,400 crore, further strengthening its balance sheet
Both existing players, Swiggy and Zomato and new competition, like Rapido, are all "striving to create an opening in what is a thin-margin, high-visibility, and operations intensive business,” the company’s management said.
ICICI Securities is bullish on Swiggy has recommended buy rating on the stock with a target price of Rs 740 in its research report dated October 31, 2025.
Swiggy share price: Global brokerage CLSA gave an 'Outperform' call with target price of Rs 493 per share and said Q2 has been 'mixed' with Instamart's margin gains but slower order growth
Stocks to Watch, 31 October: Stocks like ITC, DLF, Dabur India, Swiggy, Bandhan Bank, United Spirits, TD Power Systems, Manappuram Finance, Gillette India, Welspun Corp, LT Foods, Lodha Developers, Pidilite Industries, Motilal Oswal Financial Services, Datamatics Global Services, Navin Fluorine International, and Reliance Industries will be in focus on October 31.
Zepto CEO Aadit Palicha, in an interview with Moneycontrol, hit back saying Instamart burns more cash per order than Zepto, escalating the face-off between India’s top quick commerce rivals.
The proposed Rs 10,000-crore QIP comes as rivals Zepto and Blinkit expand aggressively and new entrants like Reliance and Flipkart intensify competition in quick commerce.
Swiggy’s revenue from operations rose 54.4 percent YoY to Rs 5,561 crore in Q2, up from Rs 3,601 crore a year ago. It had reported a revenue of Rs 4,961 crore in the previous quarter.
Zepto clocked 2 million, 2.4 million and 2.1 million orders per day from October 18-20. Swiggy's Instamart delivered 1.4 million, 1.6 million and 1.6 million orders each day during the period, making it the the third largest player behind Blinkit and Zepto on an orders per day (OPD) basis, sources told Moneycontrol. Blinkit was the market leader with over 3 million orders.
Festivals in India are transcending regional boundaries as technology enables people nationwide to order traditional foods, celebrate together, and preserve cultural rituals; turning regional traditions into shared, connected national experiences
The market may consolidate for a couple of sessions after the recent sharp rally, though the overall sentiment remains healthy. Below are some short-term trading ideas to consider.
While analysts have long debated on which approach works best, most companies are now launching seperate apps for different use cases to improve the recall in consumers' minds as cross-selling becomes more and more difficult.
Platforms like Blinkit, Swiggy’s Instamart, and Zepto have also been asked by the government to showcase savings made on account of the GST rate cuts, sources said, adding that this strategy is key to ensuring that tax reductions are leading to lower retail prices on a daily basis.
Motilal Oswal is bullish on Swiggy recommended buy rating on the stock with a target price of Rs 550 in its research report dated October 11, 2025.
The market may see rangebound trading until it decisively surpasses and sustains Tuesday's high. Below are some short-term trading ideas to consider.
Citi said Blinkit's growth momentum 'remains stellar' on user acquisition focus, continued investment in dark store expansion, adding new cities
Swiggy had acquired a 12 percent stake in Rapido for Rs 1,000 crore in April 2022 and sold its stake for Rs 2,400 crore to Prosus and Westbridge.
Stocks to Watch, 24 September: Stocks like Swiggy, Akzo Nobel India, Dilip Buildcon, HCL Technologies, Torrent Power, Bajaj Electricals, VMS TMT, Ceinsys Tech, Sudarshan Chemical Industries, and VIP Industries will be in focus on September 24.
The transaction to be executed at book value, with completion expected post-Q3 FY26, regulatory filings showed.
Sources said this is a fully a secondary transaction and Rapido will raise a primary round too at a valuation of $2.7-3 billion.
The brokerage highlighted concerns about Swiggy’s balance sheet, suggesting that corrective actions are necessary
These comments from the brokerage firm come at a time when Swiggy faces intensifying pressure on its balance sheet.
Consolidation may be seen for a few more sessions before entering a new leg of the upmove. Below are some short-term trading ideas to consider.
In tribute to Zubeen Garg, food delivery platforms like Swiggy, Zomato, and Blinkit paused operations across the state as thousands of fans lined the streets to pay their final respects.