Swiggy's stock surged 10% to ₹541.95, ahead of Q2FY25 results. Since its IPO, shares have risen 39%. Brokerages like UBS and Motilal Oswal view Swiggy favourably, citing growth potential in quick commerce and a unique all-in-one app approach.

Swiggy’s stock soared by 6% in early trading today as investors geared up for the company’s Q2 FY25 financial results, expected to highlight its impressive growth trajectory. By 9:40 am on the National Stock Exchange (NSE),

Swiggy's share price jumped over 9% to reach a day high of Rs 542.10, marking a 39% gain over its issue price of Rs 390. At 11:07 am, the stock was trading 3.36% higher at Rs 512 on the Bombay Stock Exchange.

Swiggy made its debut on the Dalal Street on November 13, with its shares listing at Rs 420 on the NSE, reflecting a 7.7% increase from the IPO price. On the BSE, the stock debuted at Rs 412, a 5.6% premium over the issue price.

The recently-listed stock surged 9.44 per cent to hit a day high of Rs 542.10. At this price, it has climbed 39 per cent compared to its issue price of Rs 390.

Swiggy shares rose 9.4% to Rs 542.10 on the BSE. The company will release its Q2 financial results today. Swiggy's IPO had significant subscriptions and showed good investor interest. The company has faced net losses since inception but saw revenue double in FY24.