Wed, Nov 13, 2024
After decent listing gains, Swiggy shares are riding higher. At around the time of writing the copy after debuting at Rs 420 per share with as much as 8 per cent gains, the stock price has strengthened to Rs 447 per share on the NSE at the day's high, while trading at Rs 444.35 apiece.
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As per Macquarie, the company's QC is more complex, with no sustainable economic profits. Expects the group's EBIT breakeven in FY28E even with 23 per cent core revenue CAGR.
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