{"id":317202,"date":"2026-10-19T15:35:12","date_gmt":"2026-10-19T10:05:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317202"},"modified":"2026-10-19T15:35:12","modified_gmt":"2026-10-19T10:05:12","slug":"swiggy-shares-anand-rathi-upgrades-food-delivery-stock-to-buy-giving-3-reasons-target-price-rating-rationale","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/swiggy-shares-anand-rathi-upgrades-food-delivery-stock-to-buy-giving-3-reasons-target-price-rating-rationale\/","title":{"rendered":"Swiggy Shares: Anand Rathi Upgrades Food Delivery Stock to ‘Buy’ Giving 3 Reasons | Target Price, Rating, Rationale"},"content":{"rendered":"

Anand Rathi has upgraded Swiggy to Buy from Hold and kept its target price unchanged at Rs 310, which implies about 35% upside from Rs 229 (my calculation). The Swiggy share price fell about 2.3% to Rs 229 by 3:23 PM IST on 19 Oct 2026, right at its record low of about Rs 228.5, after a rebound last Friday faded. The three reasons are a shift to profitability, food delivery as the profit engine and cash to cover quick commerce losses. Other brokers disagree on the stock.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

Anand Rathi upgraded Swiggy to Buy from Hold with an unchanged target of Rs 310, giving three reasons: contribution margin has moved from a loss of about 5.6% in Q4 FY25 to break-even in Q1 FY27, food delivery earns an EBITDA margin of about 3.1% and acts as the profit engine, and food delivery cash flows plus treasury income should cover quick commerce losses by FY28 or the first half of FY29. The brokerage values food delivery at 30 times FY28 estimated adjusted EBITDA and says the stock trades at about 23 times FY28 EBITDA, which gives quick commerce and dining out exposure for almost nothing. Even so, the Swiggy share price was at Rs 229 on Monday, about 50% below its 52-week high of Rs 459.95. Competition in quick commerce and a consumption slowdown are the main risks that Anand Rathi flagged.<\/p>\n<\/p><\/div>\n

The Swiggy share price hit a record low of about Rs 228.50 on Friday 16 Oct, bounced to about Rs 233.50, and slipped back near that low on Monday, so the upgrade has not yet changed the direction of the stock. At Rs 229 the Swiggy share price is about 19.6% below its 31 Jul close of Rs 284.95, the day after Q1 FY27 results (my calculation).<\/p>\n

This guide covers the live snapshot, the upgrade, the three reasons, the Q1 FY27 numbers, what other brokers said, a valuation check and the risks. It is educational and not a recommendation to buy or sell the share.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n