The stock in Swiggy Ltd., the highly rated food delivery aggregator, rose 13% on Monday, May 5, its biggest single-day increase since its listing. Even with this huge increase, the stock remains down 36% year-to-date in 2025.
The stock price surge came after a major announcement by Swiggy on Friday that it had taken its fast food delivery platform “Bolt” to more than 500 cities. This came a day after its rival Eternal closed down its “Zomato Quick” service due to an inability to achieve profitability without sacrificing customer experience.
There are two important events coming up for Swiggy in the coming week which can have a significant bearing on its stock movement.
1. Quarterly Results on May 9
The initial major event is Swiggy’s quarterly numbers announcement, to be released on Friday, May 9. Investors will keep a close eye on the performance, especially management’s observations about the Quick Commerce vertical. The segment has made headlines for its fast growth, and investors want to know how Swiggy plans to ramp up this business and achieve profitability in the short term.
2. End of Shareholder Lock-In Period
The second is the end of Swiggy’s shareholder lock-in period on Tuesday, May 13. With the expiration of this period, 189.75 crore shares of the company will become available for trading, which is 85% of Swiggy’s outstanding shares. This might lead to increased market volatility because the shares will be available for sale, which could influence the stock price.
Analyst Sentiment on Swiggy Stock
Of the 20 analysts who cover Swiggy, 12 have a “buy” call, 5 have given the stock a “sell” rating, and 3 have a “hold” call. This varied opinion is reflective of contradictory views regarding the future of the stock, with some analysts being optimistic about Swiggy’s future prospects, while others are cautious on account of the ongoing issues within the food delivery segment.
Stock Performance and IPO Price
Swiggy’s shares closed Monday’s trading session at ₹343.7, a 12.5% gain. The stock, however, is still below its IPO level of ₹390, suggesting that although the recent gains are promising, investor confidence is still dampened by skepticism regarding the ability of the company to deliver on growth expectations.
As the company nears these significant near-term events, Swiggy’s shares will remain volatile, and investors will carefully watch the performance of the quarterly results and the share unlocking.
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