BusinessPhoto: Mint MarketsAnand Rathi Upgrades Swiggy to Buy with ₹310 Target Price
Brokerage Anand Rathi upgraded Swiggy stock to 'buy' with a target price of ₹310, based on 30 times estimated adjusted EBITDA for FY28 and a 15% valuation discount versus Zomato. Swiggy has shifted focus from growth at any cost to improving contribution margin, breaking even in Q1FY27. The move to a direct inventory model by Q3 is expected to add Rs4-5 per order margin benefit.
Mint Markets·


