look news india
These days, the shares of food delivery and quick commerce giant Swiggy are witnessing tremendous growth in the Indian stock market. Heavy buying continued in the company’s shares for the third consecutive trading session, due to which the stock has jumped by about 15 percent in just three days. On the basis of this stormy rise, Swiggy’s shares have registered a strong recovery of about 23 percent from its 52-week low of Rs 236 made last month. Now it has become a topic of discussion among market experts and investors as to what suddenly changed that there is suddenly a rush among investors to break into this sluggish stock.
Nandita Sinha’s entry and major leadership change in Instamart
The biggest reason behind this sudden and tremendous rise in the shares of Swiggy is believed to be the major change in leadership in the company’s quick commerce business i.e. ‘Instamart’. Recently, after the resignation of Instamart CEO Amitesh Kumar Jha, the company has handed over the command of this big responsibility to Nandita Sinha, a well-known personality in the e-commerce world and former CEO of Myntra. Nandita Sinha will officially take charge of Instamart from 3rd August. During his tenure at Myntra, he not only took the company’s market share to new heights but also made it a profitable company at the EBITDA level by the year 2024. Given his excellent track record, investors’ confidence in Swiggy’s future strategies has further strengthened.
Zepto got benefit from decline in IPO valuation
Not only the internal changes but also the equations related to the competitive market are playing an important role in this rise in the shares of Swiggy. According to the news coming about Zepto, another big rival company in the quick commerce segment, it is considering reducing the valuation of its upcoming IPO significantly. While Zepto’s valuation was estimated to be around $7 billion in October 2025, now it is said to be in the range of $2.5 to $3 billion. Market experts believe that the decreasing valuation of Zepto is directly benefiting the companies already listed in the stock market, especially Swiggy, due to which the attention of investors has once again been attracted towards this big stock.
Past performance of stock and increasing competition in the market
In this very aggressive and rapidly changing market of quick commerce, big companies like Zomato, Amazon and Flipkart are also trying their best to strengthen their hold. In such a tough and competitive environment, bringing in experienced leadership by Swiggy can prove to be a big and strategic step. If we look at the past performance of the stock, then although there has been some weakness in the stock so far in the year 2026 and it has shown to be under pressure in the last one year too, but the jump of about 10 percent in the last one week and 21 percent in a month has completely changed the trend of the market. At present, the recent rise in the shares of this company, which has a market cap of about Rs 79,600 crore, has raised new hopes among the investors.