Swiggy's board will consider raising as much as Rs 10,000 crore funds through a qualified institutional placement. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

UBS Global Research believes that Swiggy Ltd. share price may increase 39% in the next 12 months despite the company's loss widened in the second quarter. Trends in both in its quick commerce and food delivery businesses appear solid and the recently announced fundraise will likely alleviate the balance sheet concerns, according to the brokerage.

UBS Global Research has maintained a 'Buy' rating on the strock with a target price of Rs 580 apiece. The target price implies an upside potential of 39% from Thursday's close price.

Gross Order Value of Swiggy's food delivery busines

See Full Page