Swiggy Ltd. shares surged 6.7% on Wednesday, December 4, following the company's strong Q2 FY25 results. The food delivery company's stock is now up 37% from its IPO price.

The new-listed company reported a revenue increase of 11.77% quarter-on-quarter (QoQ) to Rs 3,601.45 crore and a year-on-year (YoY) growth of 30.33%. However, the company posted a consolidated net loss of Rs 625.

Swiggy's stock surged 10% to ₹541.95, ahead of Q2FY25 results. Since its IPO, shares have risen 39%. Brokerages like UBS and Motilal Oswal view Swiggy favourably, citing growth potential in quick commerce and a unique all-in-one app approach.

Swiggy shares surged on Tuesday, ahead of the company’s Q2 result announcement. This will be the company’s first earnings report since its listing on November 13, 2024.

Swiggy's share price jumped over 9% to reach a day high of Rs 542.10, marking a 39% gain over its issue price of Rs 390. At 11:07 am, the stock was trading 3.36% higher at Rs 512 on the Bombay Stock Exchange.

Swiggy made its debut on the Dalal Street on November 13, with its shares listing at Rs 420 on the NSE, reflecting a 7.7% increase from the IPO price. On the BSE, the stock debuted at Rs 412, a 5.6% premium over the issue price.

The recently-listed stock surged 9.44 per cent to hit a day high of Rs 542.10. At this price, it has climbed 39 per cent compared to its issue price of Rs 390.

Swiggy shares rose 9.4% to Rs 542.10 on the BSE. The company will release its Q2 financial results today. Swiggy's IPO had significant subscriptions and showed good investor interest. The company has faced net losses since inception but saw revenue double in FY24.