Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

Posts tagged IIFL Capital

Swiggy is an asymmetric play to the upside! Buy for target price of ₹535 (50% upside): IIFL Capital



Swiggy share price target

We initiate coverage on Swiggy with a BUY rating and 12-mth DCF based target price of Rs535, implying 50% potential upside. Swiggy is India’s second-largest food tech company, with Food delivery (FD), Quick commerce (QC), and other verticals. We forecast Swiggy to deliver 28% revenue Cagr over FY25-28ii and become Ebitda/PAT positive by FY27ii/28ii.

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