Swiggy receives outperform rating from Bernstein with target price of INR 635.

Bernstein, a global brokerage firm, has given an "Outperform" rating to Swiggy and set a target price of INR 635. The optimism in the market position, robust operational performance, and growth prospects in India's expanding food delivery and quick-commerce sectors are driving the rating. Bernstein highlights the innovative strategies and customer-centric approach as key drivers of success. This positive outlook comes at a time when competition in the sector is growing further, cementing Swiggy's leadership in the Indian market.

 

Source: Economic Times