CLSA Initiates Coverage on Swiggy with Bullish Outlook, Sees 32% Upside; Shares Surge 4%

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In a positive development for Swiggy, global brokerage firm CLSA has initiated coverage on the food delivery giant with a strong bullish outlook. CLSA forecasts a 32% upside potential for Swiggy’s shares, citing its market leadership and robust growth prospects in the online food delivery and quick commerce sectors. The report highlights Swiggy's diverse revenue streams, innovative business models, and its competitive edge over rivals.



Following the coverage initiation, Swiggy’s shares saw a notable increase, surging by 4% in early trade today. This marks a strong endorsement from CLSA, which sees Swiggy as one of the key players in the rapidly growing Indian food delivery industry.

The brokerage’s optimistic stance reflects Swiggy’s ability to capitalize on evolving consumer preferences, its expanding reach, and strategic investments in technology and infrastructure. Investors are now closely watching Swiggy's growth trajectory, as the company positions itself for long-term success in the competitive market.

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