New Delhi, June 4 -- Swiggy share price in focus today: Swiggy, the popular food delivery and quick commerce platform, saw its shares surge 7.3% in intraday trade on Wednesday, June 4, touching a four-week high of Rs.357 apiece, marking its biggest single-day gain in a month as sentiment turned positive after global brokerage firm Morgan Stanley initiated coverage on the stock with an 'Overweight' rating and a target price of Rs.405 per share.

One of the key drivers for the positive outlook is Swiggy's improved execution in food delivery, where it has marginally regained market share over the last few quarters. While the overall food delivery market has slowed down, the brokerage believes that the company can still deliver gross order va...