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…