Swiggy upgraded to ‘Buy’ by HDFC Securities despite widening losses; target trimmed slightly to ₹400

HDFC Securities upgraded Swiggy to 'Buy' despite increased losses in Q4FY25, trimming the target price to ₹400. The brokerage sees long-term value with a 28% upside potential, despite challenges in quick commerce and a nearly 50% stock price correction over five months.

Markets