India, June 3 -- India's e-commerce sector is set to surpass $160 billion by 2025, growing annually at 25-30%. This surge is fueled by rising smartphone use, digital payments, and expanding internet access, especially in Tier 2 and 3 cities. With over 270 million online shoppers, India now boasts the world's second-largest e-retail market.

The shares of Swiggy Ltd were trading at Rs 343.05 per share, increasing around 2.89 percent as compared to the previous closing price of Rs 333.40 apiece. The company has a market capitalization of Rs 85,457.28 crore.

Brokerage Recommendations Morgan Stanley, one of the well-known brokerages globally, has given an 'overweight' rating on this e-commerce stock with a target price of Rs 405 apiece, indi...