Swiggy Share Price Rises After IIFL Buy Rating | Target ₹535, Quick Commerce Growth Outlook
Swiggy Share Price Climbs Over 4% Amid Strong Buy Rating
On Thursday, June 19, 2025, Swiggy share price surged over 4.2%, hitting an intraday high of ₹380.8 on the BSE. This marks the second consecutive session of gains, with the stock rising nearly 7% over the two-day period. At 10:26 AM, Swiggy shares were trading at ₹378.35, up 3.57%. The company’s market capitalisation stood at ₹94,347.13 crore.
With growing investor optimism and a strong brokerage recommendation, Swiggy share price has regained positive momentum.
Swiggy Share Price Boosted by IIFL Capital’s Buy Call
Domestic brokerage IIFL Capital initiated coverage on Swiggy with a bullish ‘Buy’ rating, assigning a target price of ₹535 per share, indicating a 46% upside from the previous close of ₹365.3.
The positive call was driven by confidence in Swiggy’s quick commerce (QC) arm, Instamart, which is forecasted to become a key player alongside Zomato’s Blinkit. This major development significantly influenced the Swiggy share price rally.
Key Brokerage Highlights Driving Swiggy Share Price
According to IIFL’s note:
- Quick Commerce (Instamart) to grow at 50% CAGR from FY25–FY28, targeting a $40 billion market by FY30.
- Swiggy expected to maintain a Top 3 position in the QC space.
- Revenue CAGR projection at 28% over FY25–FY28.
- Food delivery segment to grow at 18% CAGR with 20% EBITDA margins by FY28.
- EBITDA breakeven for Instamart expected by FY29.
- Gross Order Value (GOV) to grow at 17% CAGR, adjusted revenue at 18% CAGR.
These strong financial projections and growth signals have positively impacted Swiggy share price, reflecting market confidence in its long-term potential.
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Financial and Technical Overview of Swiggy Share Price
| Metric | Value |
|---|---|
| Last Traded Price | ₹381.50 |
| Intraday Low–High | ₹362.10 – ₹385.00 |
| 52-Week Range | ₹297 – ₹617.30 |
| Market Capitalisation | ₹94,347.13 crore |
| Recent Gain (2 Days) | ~7% |
Despite a 52-week low of ₹297, the recent uptick in Swiggy share price shows improving sentiment among institutional and retail investors alike.
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Swiggy’s Strategy and Competitive Edge
Swiggy is working on regaining lost market share to Zomato after a three-year lag. Analysts believe the company’s improved execution, stronger logistics, and growing QC infrastructure will help it reclaim a significant portion of the market.
IIFL forecasts Swiggy share price to reflect steady growth as:
- EBITDA margins reach 5% of GOV and 20% of revenue by FY28.
- QC becomes more efficient with scale.
- Competition stabilizes in the quick commerce space.
Swiggy is poised to become a long-term structural growth story, with strong execution and innovation in both food delivery and QC.
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Conclusion: Can Swiggy Share Price Sustain the Momentum?
The recent rally in Swiggy share price is supported by bullish analyst projections, solid growth in revenue and market size, and strategic expansion into high-potential verticals like Instamart. With a robust forecast of ₹535 per share, investors are optimistic about the company’s turnaround and long-term scalability.
However, execution remains key, and investors will be closely watching quarterly results and competitive developments in the months ahead.
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