India, March 6 -- Shares of Swiggy jumped over 5% to reach INR 377.25 during the intraday trading session on the BSE today (March 6).

Two days back, brokerage ICICI Securities said in a report that it sees a potential upswing in the company's fortunes as soon as May 2025.

The brokerage on Tuesday (March 4) reiterated its 'BUY' rating for Swiggy with a target price (PT) of INR 740. To note, ICICI also remained bullish for Swiggy's counterpart Zomato but it is currently trading in red.

Zomato's shares were trading marginally low at INR 225.4 per share at 11:30 AM on the BSE.

At the time of writing, Swiggy also pared some of its gains and was trading slightly up from its previous close of INR 358.45. Meanwhile, Swiggy's market capitalisa...