Swiggy enters Rs 1 trn market-cap club on debut; up 15% over issue price

Swiggy, food delivery major, joined the elite club of companies having a market capitalisation (market cap) of Rs 1 trillion or more, after the stock price of company hit Rs 448 mark on the National Stock Exchange (NSE) in Wednesday’s intra-day trade.

At 11:15 am; Swiggy’s market cap stood at Rs 100,148 crore (Rs 1.0 trillion), the NSE data shows. The stock was trading 6.5 per cent higher at Rs 447.40, from its listig price. The stock had gained 15 per cent when compared with its issue price of Rs 390 per share.