{"id":939489,"date":"2025-06-19T06:46:16","date_gmt":"2025-06-19T01:16:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=939489"},"modified":"2025-06-19T07:18:56","modified_gmt":"2025-06-19T01:48:56","slug":"swiggy-shares-may-rally-50-says-iifl-as-it-initiates-coverage-with-buy-call","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/19\/swiggy-shares-may-rally-50-says-iifl-as-it-initiates-coverage-with-buy-call\/","title":{"rendered":"Swiggy shares may rally 50%, says IIFL as it initiates coverage with buy call"},"content":{"rendered":"<p>IIFL Capital has initiated coverage on Swiggy with a \u2018buy\u2019 rating and a target price of Rs 535, implying a 50% potential upside from the current market price of Rs 355.9. The brokerage cited Swiggy\u2019s improving execution, strong positioning in food delivery, and underappreciated potential in quick commerce as key drivers of future gains. <\/p>\n<p>Swiggy, India\u2019s second-largest foodtech platform, is expected to report a 28% compound annual revenue growth over FY25\u201328 and turn profitable at the Ebitda level by FY27. IIFL forecasted margin expansion in both food delivery and QC, with the latter projected to grow more than fourfold by FY28.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IIFL Capital has initiated coverage on Swiggy with a \u2018buy\u2019 rating and a target price of Rs 535, implying a 50% potential upside from the current market price of Rs 355.9. The brokerage cited Swiggy\u2019s improving execution, strong positioning in food delivery, and underappreciated potential in quick commerce as key drivers of future gains. Swiggy, India\u2019s second-largest foodtech platform, is expected to report a 28% compound annual revenue growth over FY25\u201328 and turn profitable at the Ebitda level by FY27. IIFL forecasted margin expansion in both food delivery and QC, with the latter projected to grow more than fourfold by [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-939489","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/939489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=939489"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/939489\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=939489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=939489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=939489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}