Swiggy shares soared on their market debut, opening at Rs 412 on the BSE, a 5.64 percent increase over the issue price of Rs 390. The stock climbed as high as Rs 465.30 during the day, a surge of 19.3 percent, before closing at Rs 455.95, up 16.91 percent. On the NSE, Swiggy’s shares debuted at Rs 420, rising 7.69 percent initially, and closed at Rs 456, marking a 16.92 percent gain from the issue price.
In early Thursday trading, Swiggy’s stock continued to perform strongly, rising over 7 percent intraday before dipping to Rs 450.25, down by 1.26 percent at 10:30 a.m. The company, valued at Rs 1.04 lakh crore after its stellar debut, aims to leverage its market momentum, with CEO Sriharsha Majety announcing plans to expand Swiggy’s Instamart service by broadening its geographical reach and store network. Majety expressed optimism about the company’s growth trajectory, noting anticipated “very solid” growth over the next three to five years, with a focus on scaling quick commerce offerings.
Following Swiggy’s debut, Zomato shares also saw a boost, climbing over 3 percent after being included in the NSE’s F&O list, trading at Rs 268.87, up 4.05 percent.
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