Risk factor
Good trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Swiggy Limited operates Swiggy, a platform to browse, select, order, and pay for food delivery in India. The company also offers grocery and household items delivery services through Swiggy Instamart platform. In addition, it provides restaurant reservation services through Dineout platform; and events bookings services through SteppinOut platform; product pick-up/dropoff services through Genie platform; and hyperlocal commerce services through Swiggy Minis platform. The company was incorporated in 2013 and is based in Bengaluru, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.
Target Price
The average target price of SWIGGY.NS is 362 and suggests 33% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in