Swiggy share price jumps over 6% after Q2FY25 results. Is it still a stock to buy today?

Swiggy share price jumped over 6% on Wednesday after the food and grocery delivery major reported its earnings for the second quarter of FY25. Swiggy shares spiked as much as 6.69% to ₹534.85 apiece on the BSE.

The newly-listed Swiggy reported strong revenue growth along with narrowing of losses in the quarter ended September 2024.

Swiggy’s revenue from operations in Q2FY25 increased by 30% to ₹3,601.45 crore from ₹2,763.33 crore in the corresponding period last year. The company had posted a revenue of ₹3,222.2 crore in Q1FY25.