Jefferies sticks with Swiggy Buy at Rs 415, sees 49% upside as food delivery GOV grows 23%
Swiggy tops a list of 10 brokerage Buy calls projecting 15-49% returns, with Jefferies citing Q4FY26 food delivery GOV growth of 23% YoY and adjusted EBITDA margin of 3.3% of GOV — even as quick commerce profitability remains a drag on the consolidated story.
Brokerages issued fresh Buy calls on 10 stocks projecting 15-49% upside. Jefferies retained Buy on Swiggy at Rs 415 (49% upside) as Q4FY26 food delivery GOV rose 23% YoY with EBITDA margin at 3.3%, despite quick commerce profitability concerns.