Swiggy’s Stock Price Gained in Early Trade Today After BNP Paribas Buys Its Shares in Block Deal

July 04, 2025: Swiggy shares witnessed an upward momentum on Friday, rising 2.3% in in early trade following a significant block deal involving BNP Paribas Financial Markets.

Reported in the BSE block deal data, the deal included 3.2 lakh shares that were acquired at ₹381 per share from Citigroup Global Markets Mauritius.

The stock touched a high of ₹394.95 before trading at ₹384.65, down by 0.35% at 01:48 AM.

BNP Paribas Deal Triggers Rally

The stock’s rally came a day after BNP Paribas Financial Markets acquired 0.32 million shares at ₹381 apiece from Citigroup Global Markets Mauritius. This transaction was reported in the BSE block deal data and sparked investor interest in the food delivery major.

Swiggy’s market capitalisation stood at ₹97,750.96 crore. The stock has a 52-week range of ₹297 to ₹617, highlighting significant volatility over the year.

Institutional Stake

As of March 2025, mutual funds held a 5.82% stake in Swiggy, alternate investment funds held 0.98%, and insurance companies held 1.36%, indicating strong institutional backing.

New Launch and MSCI Inclusion Speculation

Adding to the positive sentiment, Swiggy recently launched its budget-friendly ’99 Store’ on its app. The store offers single meals at a fixed price of ₹99 and is now live in over 175 cities, including major metros like Delhi, Bengaluru, and Chennai.

Further fueling the buzz, JM Financial highlighted that Swiggy could be a strong contender for inclusion in the MSCI (Morgan Stanley Capital International) India Standard Index during the upcoming August 7 rebalancing. The brokerage estimates that Swiggy alone could draw foreign inflows worth $385 million if added to the index, contributing to the projected total of $850 million in inflows for new entrants.

Competitive Landscape Heats Up

Meanwhile, the competitive landscape is intensifying as Rapido prepares to enter the food delivery market with a significantly lower commission model (8–15%) compared to Swiggy and Zomato’s 21–22% blended rates.

Swiggy’s stock performance and strategic developments are positioning it as a key player to watch in the evolving food-tech and market indices space.

Outlook

Swiggy’s recent block deal and institutional interest has boosted market sentimen. Further company’s product innovation and its potential MSCI inclusion short-term volatility, may support positive momentum as investors track competitive dynamics and upcoming index rebalancing cues despite short-term volatility.

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