Swiggy Shares Soar 14% After Strong Debut

Swiggy shares continued their positive momentum on November 13, surging 14% after a strong debut.

The stock opened at Rs 420 on the National Stock Exchange (NSE), 8% higher than the IPO price of Rs 390, and reached a high of Rs 444. On the Bombay Stock Exchange (BSE), shares hit Rs 419.95, up 7.7%. By early trade, the company’s market valuation stood at Rs 89,549 crore. The sharp rise in Swiggy's stock price surprised investors, defying earlier expectations of a muted performance.

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