Swiggy share price jumped over 6% after the food and grocery delivery major reported its earnings for the second quarter of FY25, with a strong growth in revenue and narrowing of losses.

Swiggy Ltd. shares surged 6.7% on Wednesday, December 4, following the company's strong Q2 FY25 results. The food delivery company's stock is now up 37% from its IPO price.

Swiggy shares rose 6.76 per cent to hit a high of Rs 534.85. At this price, the stock was 1.36 per cent away from a high Rs 542.10 it hit in the previous session.

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.

JM Financial in its report said that Swiggy reported a healthy 5 per cent QoQ expansion in monthly transacting users (MTU) leading to sequential gross order value (GOV) growth of 5.6 per cent. It noted that the EBITDA losses widened despite GOV growth acceleration and trimming of contribution margin losses.

As the stock reaches new highs, analysts are raising concerns about whether this positive momentum will last. The sharp rally has prompted some to question the stock's sustainability at these elevated levels.

Zomato shares hit a 52-week high of ₹304.50 on the BSE, taking the company’s market capitalisation to ₹2.9 lakh crore.

Zomato shares surged up to 6% on Thursday, reaching a fresh all-time high of Rs 304.50 on the BSE, driven by investor optimism in food delivery and quick commerce sectors. The stock, set to join the Sensex by December-end,

Swiggy's focus on innovation and expansion, alongside Zomato's sustained growth, suggests that the quick commerce and food delivery sectors hold substantial long-term potential.