However, the shares shed gains later, trading 5.53% higher at INR 465.00 as of 12:33 PM
At its previous close price, the stock is at a downside of 24.63% from its 52-week high of INR 617
At 1:14 PM, Sensex was up 243.88 points or 0.32% at 76,743.51 while Nifty50 was also above 0.14% or 32.15 at 23,208.20
Shares of Swiggy
surged as much as 6% to reach INR 492.60 during the intraday trading session on the BSE today (January 15).
However, the shares shed gains later, trading 5.53% higher at INR 465.00 as of 12:33 PM. The company’s market capitalisation stood at INR 1,09,840.61 Cr at the aforementioned time, with as many as 60 Lakh shares having changed hands by then.
Led by the broader market slump recently, the stock has given a negative return of around 3% in the last 5 days. At its previous close price, the stock is at a downside of 24.63% from its 52-week high of INR 617.
The rally in Swiggy’s stock came in alignment with the surge in broader Indian indices like Sensex and Nifty50. At 1:14 PM, Sensex was up 243.88 points or 0.32% at 76,743.51 while Nifty50 was also above 0.14% or 32.15 at 23,208.20.
Not to mention, Swiggy’s counterpart Zomato’s shares also surged up to 5% on the intraday basis today.
(The story will be updated soon)