Swiggy surges 17% on Dalal Street debut

Swiggy’s stock soared 17% on its debut trading day, closing at Rs 456, despite a market downturn. This impressive start pushed the food delivery giant’s market capitalization beyond Rs 1 lakh crore. The successful IPO, which was oversubscribed by 3.6 times, saw significant investor interest, with a large portion of shares bought for long-term holding.