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The Economic Times

Debaroti Adhikary

Swiggy shares jump 8%, rally 15% in 3 days. What's boosting investor sentiment?

Swiggy Nandita Sinha ET Zepto Instamart Myntra IPO India the Economic Times United States

Shares of food delivery and quick commerce giant Swiggy jumped nearly 8% on Wednesday, extending sharp gains for the third consecutive session as investor optimism peaked after new Instamart CEO’s appointment and Zepto’s likely valuation cut ahead of IPO.

Swiggy shares rose to Rs 289.93 apiece on Wednesday. The stock has now gained 15% in just three sessions and recovered around 23% after hitting a 52-week low of Rs 236 apiece at the end of last month.

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