🍽️ Swiggy Gets Another ‘Buy’ Tag! Nomura Sets ₹550 Target Amid Growth Momentum 🚀
Swiggy continues to win investor confidence, with Nomura initiating a ‘Buy’ rating on the stock and setting a target price of ₹550.
🔍 Why the Bullish Outlook?
- 💼 Disciplined Execution: Nomura highlighted Swiggy’s focus on operational efficiency.
- 📈 Breakeven Visibility Improving: Strong signs of moving towards profitability.
- 🛵 Product Innovation: Tools like Swiggy Bolt are helping it capture market share from rival Zomato.
📊 What Other Analysts Say:
- 🏦 Motilal Oswal has also upgraded Swiggy to ‘BUY’, citing:
- Multiple tailwinds in the quick commerce and food delivery space
- Raised growth estimates for FY26–FY27
