Swiggy shares have come under significant pressure over the past year, raising questions about whether the food delivery and quick-commerce company can stage a sustained recovery.
While improving profitability in its core food delivery business and efforts to reduce quick-commerce losses have strengthened the fundamental investment case, the stock's technical structure remains weak.
In the previous session, the stock ended 2% higher at ₹234.05. It is now 49% away from its 52-week high of ₹460, hit in October 2025 and its 52-week low of ₹228.50, hit in in the previous session, October 16, 2026.
It has been under pressure recently, down 13% in 1 month, 14% in 3 months, 16% in 6 months and around 50% in the last 1 year.
Recently, domestic brokerage house Anand Rathi Share and Stock Brokers upgraded Swiggy to Buy, retaining its target price of ₹310, implying a potential upside of over 32%. However, technical analyst Jigar S Patel has advised caution, identifying key support and breakout levels that could determine the stock's next move.