Swiggy Sees 49% Upside Potential Despite Instamart Losses

Swiggy is a big company in India that delivers food and other things quickly.

They recently shared their financial results for the third quarter of the financial year 2026.

A company called Nuvama, which gives advice on investing, thinks Swiggy is a good buy.

They believe Swiggy's stock could go up by 49% from its current price.

Swiggy's food delivery service is doing well, with more people using it every month.

However, their quick commerce service, called Instamart, is facing tough competition and is not making a profit.

Despite this, Nuvama thinks Swiggy is a good investment because the food delivery part of the business is growing and becoming more profitable.

They have set a target price for Swiggy's stock at Rs 490, which is almost 49% higher than its current price.

Investors should do their own research before making any decisions.