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Informative

[Update] Swiggy Shares Rally 9% After Morgan Stanley Initiates Coverage With ‘Ov...

Update / Judgement Date

04 Jun 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIITStock Market

Swiggy's shares have rallied by 7% after Morgan Stanley initiated coverage on the food delivery giant with an 'Overweight' rating. This positive rating from a prominent global financial institution reflects strong confidence in Swiggy's growth trajectory and market leadership. The 'Overweight' rating suggests that Morgan Stanley expects Swiggy's stock to outperform the broader market in the coming months. This development is significant as Swiggy prepares for its highly anticipated IPO, signaling strong institutional interest and potentially boosting investor sentiment ahead of its public listing.