Swiggy Limited
SWIGGYMainboardSector: Quick Commerce & Consumer Internet
Pioneering Indian convenience platform operating food delivery, Instamart quick commerce, Dineout, and Genie. Accelerating dark store network expansion across metro and tier-2 clusters.
Post-Listing Technical Candlestick Chart
NSE: SWIGGY (Daily OHLCV)Community Posts (3)
Instamart dark store additions reached 605 stores, and average order value (AOV) is rising above ₹480. Swiggy's food delivery arm is already adjusted-EBITDA positive at 2.8%. The valuation discount compared to Zomato (Swiggy at 4.2x EV/Sales vs Zomato at 7.8x) gives strong rerating upside.
Swing setup looks very clean. After retesting the ₹440 listing base, it's making higher highs on the daily chart. First target is ₹520, keeping a trailing stop at ₹465. Delivery percentage above 52% indicates solid institutional delivery absorption.
Quick commerce price war between Zepto, Blinkit, and Instamart is intensifying in Bengaluru and Delhi NCR. Watch out for customer acquisition costs in the upcoming quarterly results before taking heavy leveraged calls.