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Swiggy's shares experienced a 5.5% intra-day increase, fueled by promising revenue projections and its inclusion in the MSCI Global Standard Index.
The brokerage said that the food businesses of Swiggy and Zomato have matured; hence it expects the firms to see margin expansion and strong free cash flow growth over the next three years.
Swiggy, a leading food and grocery delivery service, is restructuring its organization and appointing new finance heads for ...
Food delivery major Swiggy has once again hiked its platform fee for food delivery orders, now by Rs 2. Citing a rise in ...