Swiggy Shares Rise 13% in Biggest Single-Day Surge Since Listing
In a significant development, Swiggy’s shares saw a massive surge of 13% on Monday, closing at ₹343.85, marking the biggest single-day rise since its initial public offering (IPO). Despite this upward trend, the e-commerce platform’s stock is still down 36% so far in 2025.
The sudden surge in Swiggy’s shares came after the company announced the expansion of its quick food delivery service, Bolt, to over 500 cities. This move is seen as a strategic attempt by Swiggy to regain ground lost to its competitor, Zomato, which recently shut down its 10-minute food delivery service.
The news of Swiggy’s share price surge was met with excitement in the market, with investors eagerly awaiting the company’s next move. Analysts are optimistic about the company’s growth prospects, citing its dominant position in the food delivery market and its ability to adapt to changing consumer preferences.
Swiggy’s decision to expand Bolt to over 500 cities is seen as a strategic move to capture a larger share of the market. The service, which was launched in 2020, allows customers to order food in under 30 minutes. The expansion of Bolt is expected to increase Swiggy’s revenue and profitability, making it a significant development for the company.
The shutdown of Zomato’s 10-minute food delivery service has created a vacuum in the market, which Swiggy is well-placed to fill. With its expanded Bolt service, Swiggy is now poised to take advantage of this opportunity and increase its market share.
Swiggy’s share price surge is also seen as a vote of confidence in the company’s ability to adapt to changing market conditions. The company has been focusing on growing its revenue through its food delivery services, and the expansion of Bolt is expected to contribute significantly to this effort.
In addition to the expansion of Bolt, Swiggy has also been focusing on improving its logistics and supply chain management. The company has been investing heavily in technology to improve its delivery times and increase its capacity to handle a large number of orders.
Swiggy’s efforts to improve its logistics and supply chain management have been paying off, with the company reporting a significant increase in its delivery speed and capacity in recent quarters. This has enabled the company to maintain its market share despite intense competition from its rivals.
In conclusion, Swiggy’s share price surge is a significant development for the company and its investors. The expansion of Bolt to over 500 cities is a strategic move that is expected to increase Swiggy’s revenue and profitability. The company’s ability to adapt to changing market conditions and improve its logistics and supply chain management has been impressive, and investors are optimistic about its future growth prospects.
Source: https://x.com/CNBCTV18Live/status/1919333237576376556
