Swiggy shares slipped 4% after Q1 losses doubled, but Jefferies upgraded the stock to ‘Buy’ with a Rs 500 target, citing a likely bottom in profitability. The brokerage expects easing competition and a pause in dark store expansion to aid recovery, though volatility may persist due to Swiggy’s low-margin base and high-risk profile.
Concurrent Gainers: 8 smallcap stocks that gain for 5 days in a row
The benchmark finished in the red in three of the five sessions between December 8 and 12. Despite broader market weakness and some volatility, eight
December 13, 2025