Swiggy , a leading player in India's food delivery and quick commerce sector, saw its shares rally impressively on Tuesday, reflecting growing investor confidence in the industry. The stock surged nearly 8% during intraday trading, reaching a high of ₹426.00.

Market Performance

The recent uptrend in Swiggy's stock has been noteworthy, with the company gaining 10.78% over the past month and 6.59% in the last seven days. This positive momentum comes as the food delivery sector in India continues to show strong growth potential.

Sector Optimism

The rally in Swiggy's shares was partly fueled by the strong quarterly performance of its peer, Eternal Ltd. Eternal reported a robust 23% quarter-on-quarter revenue growth and showed narrowing losses in its Blinkit and Hyperpure divisions. This performance has boosted investor sentiment across the food delivery and quick commerce sector.

Analyst Outlook

Elara Securities has initiated coverage on Swiggy with an 'Accumulate' rating, setting a target price of ₹450.00. The brokerage firm cited Swiggy's strong execution potential in both food delivery and quick commerce as key factors for their positive outlook.

The stock has garnered significant attention from the analyst community. Out of 25 analysts tracking Swiggy, 19 maintain 'Buy' ratings, indicating a broadly positive sentiment towards the company's prospects.

Upcoming Results

Investors and market watchers are eagerly anticipating Swiggy's upcoming quarterly results, scheduled to be announced on July 31. The company's performance report is expected to provide further insights into its growth trajectory and operational efficiency.

As the food delivery and quick commerce sectors continue to evolve rapidly in India, Swiggy's stock performance and upcoming results will be closely monitored by investors and industry observers alike.

Swiggy , the popular food delivery and quick commerce platform, has announced a significant change in its business strategy. The company is set to shut down its small businesses store, Minis, effective August 10, 2025. This decision marks another shift in Swiggy's operations, following recent changes in other areas of its business.

Key Points of the Announcement

• Closure Date: Swiggy Minis will cease operations on August 10, 2025.
• Impact on Sellers: Sellers currently using the Minis platform will no longer be able to sell their products through this channel.
• Recent Changes: This move follows Swiggy's discontinuation of its Genie service and the licensing of its private labels.

Implications for Small Businesses

The closure of Swiggy Minis is likely to have a significant impact on small businesses that have been using the platform to reach customers. These sellers will need to explore alternative channels for their products once the platform shuts down.

Swiggy's Evolving Business Model

This latest development appears to be part of a broader strategy shift for Swiggy. The company has been making several changes to its service offerings:

1. Discontinuation of Genie: Swiggy recently stopped its Genie service, which offered pick-up and drop-off services for various items.
2. Licensing of Private Labels: The company has also made moves to license its private labels, indicating a potential shift in its approach to product offerings.

Looking Ahead

As Swiggy continues to refine its business model, it remains to be seen how these changes will affect its overall market position and competitiveness in the food delivery and quick commerce sectors. The company's focus appears to be on streamlining its services and potentially concentrating on its core food delivery business.

Sellers currently using the Minis platform should start planning their transition strategies well in advance of the August 2025 closure date. Meanwhile, customers who frequently used Swiggy Minis for small business purchases may need to seek out new sources for these products.

Swiggy's decision to close Minis reflects the dynamic nature of the e-commerce and delivery services landscape in India, where companies continuously adapt their strategies to market demands and operational efficiencies.