Swiggy reported a 31% revenue growth to Rs 3,993 crore in Q3, but losses widened to Rs 799 crore due to investments in quick commerce. Despite increased competition, its food delivery business and ...

Shares of Swiggy were in focus after Nirmal Bang Institutional Equities initiated coverage on the stock with a ‘Buy’ rating and a target price of ₹ 500, indicating an upside of over 26 percent.