Swiggy Share Price Today: Shares of Swiggy Ltd, India’s leading food delivery platform, remained largely flat in early trading on Monday, October 13. The stock opened at Rs 435.45 on the BSE and was trading marginally higher at Rs 435.65 by 9:33 AM, reflecting a modest 0.05 per cent gain. The company’s total market capitalisation stood at Rs 1,08,635 crore.
Swiggy share price target
Analysts at Motilal Oswal Financial Services Ltd (MOFSL) have retained their ‘Buy’ rating on Swiggy, citing its transition into sustainable profitability backed by operational discipline and network efficiency. The brokerage has set a target price of Rs 550, indicating an upside potential of around 26 per cent from current levels.
Why MOFSL remains bullish
Research analysts Abhishek Pathak, Tushar Dhonde, and Keval Bhagat highlighted steady growth in Swiggy’s food delivery (FD) business and improvement in quick commerce (QC) vertical, Instamart. Key drivers include rising average order value (AOV), controlled fixed costs, and optimised dark-store operations.
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The analysts noted that slowing competition intensity and pausing dark-store expansion could accelerate the path to breakeven for Instamart, while continued optimisation of existing infrastructure should support margin expansion. They also highlighted potential for a material re-rating in profitability if AOV, take rates, and throughput trends continue.
MOFSL values Swiggy’s FD business at 35x FY27E adjusted EBITDA and uses a discounted cash flow (DCF) approach for the quick commerce segment. They also upgraded profitability assumptions for Instamart, reflecting faster-than-expected improvements in operational metrics.
Swiggy’s shift from aggressive expansion to a cost-conscious model is expected to strengthen overall financial resilience and support sustainable long-term growth, analysts added.
