Analyst Patel advises caution on Swiggy stock amid profitability improvements

Technical analyst Patel advised caution regarding Swiggy shares, which have been under significant pressure over the past year. While Swiggy has shown improving profitability in its core food delivery business and is reducing quick-commerce losses, the stock's technical structure remains weak. Anand Rathi Share and Stock Brokers recently upgraded Swiggy to Buy, maintaining a target price of ₹310.

The differing views from analysts highlight the debate over Swiggy's sustained recovery potential. The brokerage noted that Swiggy is moving toward a phase where growth could increasingly support earnings, with the core Food Delivery segment serving as the primary profit generator.