Swiggy share price may face elevated near-term volatility as lock-in for 83% of shareholding nears expiry

Swiggy share price surged over 12% on Monday following the announcement that its quick-service food delivery vertical, Bolt, has expanded operations to more than 500 cities across India. The development comes just a day after rival Zomato revealed plans to shut down its 10-minute food delivery service, Instant (formerly Quick), citing limited demand and challenges in achieving profitability.

Swiggy share price is expected to experience heightened volatility in the near term, driven by market speculation surrounding potential exits by certain pre-IPO shareholders. The mandatory six-month lock-in period for non-promoter, pre-IPO investors is set to expire on May 12, 2025.