Swiggy Stock Check: Share up 20% in one week; is it still a buy? Here’s what technical and fundamental experts suggest

Swiggy’s shares have delivered impressive returns to investors since its listing on November 13, 2024. The stock has surged by 26%, rising from the IPO price of ₹390 to ₹491.70 by the close of trading on November 28.

Over the past week, the food delivery and quick commerce company saw a remarkable 20% gain, touching a record high of ₹516.95 on November 28.

Swiggy shares had debuted at ₹412 on BSE, a 5.64% premium over the issue price of ₹390, and ₹420 on NSE, a 7.7% premium. Since its listing on the NSE, the stock has risen by 17%.