Swiggy Hits Record High As Analysts Turn Bullish with Buy Recommendations

Swiggy shares surged 11% to hit a record high, reflecting strong investor sentiment as analysts turned bullish with fresh buy recommendations. Axis Securities predicts a potential 20% upside in the stock, further boosting market confidence. Brijesh Singh, Senior Technical Analyst at StockAxis, shared his insights on the stock’s momentum, highlighting the narrowing valuation gap between Zomato and Swiggy. He noted that the previous highs of ₹573 and ₹568 have been decisively broken, with the stock drifting towards higher levels. For short-term traders, Brijesh Singh recommends a stop loss of ₹573–₹575 and anticipates a target of ₹640 within a week. Watch the video for expert opinions, technical analysis, and actionable insights on Swiggy's stock performance.