Impact of Nomura’s prophecy, Swiggy shares started flying today

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Stock to Buy- Brokerage firm Nomura has predicted a 25 percent increase in swigy stock. Brokerage says that Swigi’s food delivery business is now on the path of sustainable profitability and continuous cash for the company …Read more

Impact of Nomura's prophecy, Swiggy shares started flying todayIn the last six months, 24 per cent of the returns have been given to investors.
New Delhi. The shares of Food delivery platform Swiggy Limited have increased strongly today. Today, in early trade, Swiggi’s stock jumped about 5 percent to Rs 458.95. This is the highest level of seven months of this stock. This speed came after a report by Global brokerage firm Nomura. Nomura has started covering Swiggi shares with ‘Buy’ ratings. Brokerage has also increased the target price of Jomato shares.

Nomura has predicted a 25 per cent gain in the swigy stock. Brokerage says that Swiggy’s food delivery business is now on the path of sustainable profitability and will continue to be a cash generator for the company. Quick Commerce Wartical is still struggling but in the coming time, the health of this segment is also likely to be cured. Nomura says that Swiggy has strong funding to further expand Quick Commerce.

Jomato’s target price increased

Nomura has retained its ‘bye’ rating on Jomato’s parent company Eaterial Limited and has increased its target price from Rs 300 to Rs 370. Brokerage says that the target has been increased due to frequent growth and profits in the food delivery segment. Nomura has used the 40x FY2028 EV/Ebitda multiple for the valuation of the endarl and 1.2x Ev/Gov Multiple for Quick Commerce Vertical.

Swigy share return history

In the last six months, 24 per cent of the returns have been given to investors. In the last one month, the price of this stock has increased by about 16 percent. At the same time, in the year 2025, the Swigy stock has fallen 17 percent so far.

(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. AyraNews24x7 will not be responsible for any kind of profit or loss.)

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Impact of Nomura’s prophecy, Swiggy shares started flying today

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