Swiggy races 6% as Bernstein initiates with ‘Outperform’; sees 29% upside

Swiggy share price: Food delivery platform Swiggy shares were in demand on Thursday, January 9, 2025, as the scrip rallied up to 6.12 per cent to hit an intraday high of Rs 520.70 per share.

The northward move in the Swiggy share price came after reports suggested that global brokerage Bernstein initiated coverage with ‘Outperform’ rating on the Swiggy stock, with a target price of Rs 635. The target price reflects an upside of 29.42 per cent from its previous close of Rs 490.65 on January 8, 2025.