Swiggy Shares Jump 5% After Kotak Initiates Coverage With ‘Buy’

Shares of the foodtech major Swiggy have soared above 5% at INR 458.50 apiece on the BSE intraday trading session today (February 3)

Kotak Institutional Equities initiated a ‘buy’ rating on the company’s stock and suggested a fair value (FV) of INR 500

The FV initiated by the brokerage indicates an upside of 14.8% from the previous session’s closing price

Shares of the foodtech major Swiggy have soared above 5% at INR 458.50 apiece on the BSE intraday trading session today (February 3).

This comes after…