Swiggy shares rebound with six percent gains after four losing sessions

Swiggy shares gained six percent in Monday's trading session, ending a four-day losing streak.

Share Price Details

The stock opened at ₹176 per share and reached an intraday high of ₹186.65, recovering from the previous close of ₹176.

Expert Views And Targets

Stock market experts noted that Swiggy's Q2 results for the financial year 2026-27 matched market estimates even though the stock fell due to weak sentiment on Dalal Street. Business volume, profit, and revenue all grew during the quarter. Global investment bank Jefferies set a share price target of ₹435 for Swiggy. Elara Securities set a target price of ₹300, lowering it from ₹350, but upgraded the stock to 'buy' from 'accumulate' following a 22 percent decline over the past three months. Elara raised its revenue estimates by 3 to 4 percent for the financial years 2027 through 2029 and widened its EBITDA loss estimate for fiscal year 2027 by 32 percent.

Losses And Risks

Jefferies reported that adjusted EBITDA losses swelled to a three-quarter high of ₹900 crore, which remains a key issue for the stock. Jefferies noted that performance appeared lackluster compared to market leader Eternal. Elara Securities warned that higher-than-expected losses in Instamart and slower margin expansion in food delivery are key risks.

Context

Stock prices often fluctuate based on broader market sentiment even when a company's financial results meet expectations. Analysts use metrics like EBITDA and target prices to help investors evaluate long-term value against short-term market losses.