
Swiggy Ltd's share jumped 12.66% on 5th May 2025, the marketing company's biggest single-day gain since its stock market debut. The stock closed at INR 343, up by INR 37.70 from the previous session. There are many reasons behind this rise.
Why did Swiggy Shares Rise?
- Strong Performance: Now this account is for more than 1 in every 10 orders on Swiggy, so showing the high customer demand, the service has partnered with over 45,000 food delivery options.
- Expansion of Bolt Services: They announced that their 10-minute food delivery service, Bolt, is now available in over 500 cities across India, which has seen rapid growth which has attracted strong investor interest.
- Investor Optimism: So with this Bolt’s success and less competition, the investor believes that Swiggy can attract more users and grow faster.
- Rival Exit: This jump also followed news that Zomato is shutting down its own 10-minute delivery services, so this leaves Swiggy Bolt as the leading ultra-fast food delivery option in the market.
Key fact behind the jump
- Bolt's fast delivery model uses a 2 km delivery radius and a curated menu to ensure speed and food quality.
- Analysts warn that the Swiggy losses are still high, and the stock could be volatile as an early investor, who may sell shares after the lock-in period, which ends soon.
- The Gross Order Value grew 38% year-on-year to INR 12,165 crore in the latest quarter.
- Their expansion comes just six months after Bolt’s launch in October 2024.
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Conclusion
In conclusion, Swiggy Ltd share jumps 12.66% today, which is mainly due to the rapid expansion of their Bolt 10-minute delivery services and the exit to their main competitor from the ultra-fast delivery space, so this has increased the investor confidence in the growth of this business, even this company continues to investment heavily in new services.