# Swiggy Shares Upgraded to Buy

> Anand Rathi upgrades Swiggy to 'buy' with 3 reasons.
- Title: Swiggy Shares Upgraded to Buy · mint | Shortify
- Summary: Anand Rathi upgrades Swiggy to 'buy' with 3 reasons. Anand Rathi upgraded Swiggy to 'buy' with target price unchanged at ₹310, citing improved profitability…
- Keywords: swiggy, anand rathi, stock market, buy rating, food delivery, contribution margin, instamart, news, india, Shares, Upgraded, Buy
- Source: mint — https://livemint.com/market/stock-market-news/swiggy-shares-anand-rathi-upgrades-food-delivery-stock-to-buy-giving-3-reasons-target-price-rating-rationale-11792393169770.html
- Author: Vaamanaa Sethi
- Published: 2026-10-19T08:49:32+00:00
- Read time: 1 min
- Topics: swiggy, anand rathi, stock market, buy rating, food delivery, contribution margin, instamart, news, india
## Rating Upgrade
Anand Rathi upgraded Swiggy to 'buy' with target price unchanged at ₹310.
## Profitability Shift
Swiggy improved contribution margin from loss of 5.6% to breaking even in Q1FY27.
## First-Party Inventory Model
Swiggy restricted foreign shareholding to 49.5% for Instamart's direct inventory model.
## Infrastructure Optimization
Instamart uses 1,171 dark stores in 125 cities to double GOV without physical expansion.
## Diversification
Non-grocery categories now account for 30% of Instamart's business with higher margins.
## Stock Performance
Swiggy shares declined 15.67% monthly and 41.07% year-to-date.
## Key takeaway

Anand Rathi upgraded Swiggy to 'buy' with target price unchanged at ₹310, citing improved profitability and business model shifts.