Archive · 19 Jun 2025
Swiggy Shares Rise Despite Market Weakness Amid Amazon Entry
Swiggy's stock price went up by more than 5% on Thursday, even though the overall stock market in India was not doing well.
Amazon, a big online store, has started a new service to deliver things quickly, which means there will be more competition for companies like Swiggy.
Experts from financial companies like JM Financial and Jefferies still think Swiggy will do well in the future.
Swiggy shares increased over 5% during intraday trading.
The rise occurred despite a weak Indian stock market.
Amazon has launched a quick commerce service called Amazon Now.
Amazon's entry increases competition in the quick commerce market.
Analysts from JM Financial and Jefferies hold positive outlooks on Swiggy.
- Who
- Swiggy, Amazon, JM Financial, and Jefferies.
- What
- Swiggy's share price increased.
- When
- Thursday, during intraday trading.
- Where
- In the Indian stock market.
- Why
- Due to market dynamics and analyst ratings.
Market Analysts
N/A
Company Performance
Market Analysts
JM Financial and Jefferies hold positive outlooks on Swiggy.
N/A
Amazon's late entry may not pose an immediate threat.
- Company
- Swiggy
- Stock Movement
- Up 5%+
- Market Context
- Weak Indian market
- New Competitor
- Amazon Now (quick commerce)
- Analyst Ratings
- Buy (JM Financial)
