Swiggy shares jump 6% after CLSA rates the stock 'outperform'

Shares of Swiggy surged around 6% on Tuesday to hit an intraday high of ₹567.80 per share in early trade. This comes after brokerage firm CLSA initiated coverage on the company with an 'outperform' rating. CLSA set a target price of ₹708 per share, implying an upside potential of 32% from its previous closing price.