CosmicTaco

UBS Initiates 'Buy' Rating for Swiggy, Foresees Growth

CosmicTaco · 2024-11-26T11:25:16.766524+05:30

* UBS initiates 'Buy' rating for Swiggy, predicting a 19% upside in the next 12 months. * Swiggy is well-positioned to benefit from India's rapidly growing food delivery and quick commerce markets. * Despite losing market share, Swiggy's infrastructure changes have resulted in a 41% increase in Instamart's order count. Source: [Inc42](https://inc42.com/buzz/ubs-gives-swiggy-a-buy-rating-says-plenty-of-room-at-the-table/)

UBS initiates 'Buy' rating for Swiggy, predicting a 19% upside in the next 12 months.
Swiggy is well-positioned to benefit from India's rapidly growing food delivery and quick commerce markets.
Despite losing market share, Swiggy's infrastructure changes have resulted in a 41% increase in Instamart's order count.

Source: Inc42