Swiggy shares rise 7% after Morgan Stanley's 'overweight' call

Swiggy shares rise 7% after Morgan Stanley's 'overweight' call

Swiggy’s share value rose 7% after Morgan Stanley rated it ‘Overweight’, citing strong market position, growth in smaller cities, and innovations like Instamart and Swiggy One. The bullish outlook boosts confidence ahead of its expected 2025 IPO. Backed by a $10 billion valuation, Swiggy's momentum reflects rising investor optimism in India's consumer tech and quick commerce sectors.

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