Swiggy, India’s leading food delivery and quick-commerce platform, has been identified as a Navratna SIP pick by market expert Anil Singhvi, with a recommended investment horizon of 1-3 years. Zee Business Managing Editor Singhvi has lined up his targets at Rs 600, Rs 750 and Rs 900, citing the company’s strong market position, stable cash generation, and growth potential in both food delivery and quick-commerce segments.
Anil Singhvi highlights Swiggy’s market position
Swiggy currently holds a 75 per cent market share in the food delivery and quick-commerce space, competing with only one other major player. The company has launched several new initiatives, including Toing, 99 Store, DeskEats, and Crew, aimed at expanding its reach in urban markets.
Singhvi points out that Swiggy’s food delivery business continues to generate steady cash flows, supporting overall profitability.
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The quick-commerce segment is expected to break even between Q3 FY26 and Q1 FY27, and potential proceeds from the sale of its stake in Rapido could provide additional capital for expansion.
Brokerages maintain ‘buy’ ratings
Several brokerages have issued Buy ratings on Swiggy, highlighting its current undervaluation relative to peers. ICICI Securities recommends a Buy rating with a target of Rs 740, while Nomura has assigned a Buy target of Rs 550. Analysts point out that Swiggy trades at a 52 per cent discount to Zomato on market-cap-to-sales ratios, indicating room for potential upside.
Brokerages note that Swiggy’s market dominance, diversified offerings, and ongoing expansion plans position the company for long-term growth. Its food delivery business remains a key cash generator, and the company is expected to scale its quick-commerce operations steadily.
With its combination of market leadership, stable cash flows, expansion strategy, and attractive valuation, Swiggy is positioned as a high-potential SIP investment for investors looking at a 1–3 year horizon in India’s food delivery and quick-commerce sector.