Swiggy share price above 25% from issue price, hits ₹1 lakh crore market cap. Do you own?
Swiggy’s share price extended its upward momentum on Thursday, November 14, marking the second consecutive day of gains following its listing on Indian stock exchanges. The company made a notable debut on Wednesday, November 13, closing its first trading day at a 17% premium to the issue price.
On Thursday, Swiggy shares jumped as much as 7.3% intraday to a fresh high of ₹489.25 apiece on the BSE, with its market capitalisation briefly crossing the ₹1 lakh crore mark. The stock rose more than 25% from its issue price.
However, soon after the positive opening, Swiggy shares failed to hold gains and were trading in the red.
Swiggy shares were listed at ₹412 apiece on BSE, a 5.64% premium to the issue price of ₹390 per share. On…
