Swiggy's share price surged nearly 15% on May 5, 2025, marking its highest single-day gain since listing. Know the key reasons why it surged, including the success of its Bolt quick delivery service.
On May 5, 2025, India’s stock markets witnessed a positive trading day, with the broader markets outperforming the benchmark indices. Among the notable performers was Swiggy Ltd., which recorded its highest single-day share price surge since its listing. By 3:22 PM, Swiggy’s share price had surged nearly 15%, touching an intraday high of ₹356.65 on the NSE. This surge follows a recent low of ₹303 on May 2, 2025.
Swiggy’s impressive stock performance on May 5, 2025, can be attributed to several key developments. Here are the primary factors behind the company’s share price jump:
A major driver of Swiggy's recent success has been the rapid growth of its on-demand food delivery service, Bolt by Swiggy. Launched in October 2024, Bolt has become a significant player in the quick-service restaurant (QSR) delivery market, now operational in over 500 cities across India. The service has expanded rapidly, reaching both metro cities and Tier 2 and Tier 3 towns, and is now responsible for over 1 in every 10 food delivery orders placed on the Swiggy platform.
Bolt offers a curated menu of high-demand, quick-serve items from over 45,000 restaurant brands, ranging from dosas and biryanis to shakes and sandwiches. This wide variety ensures that popular dishes are delivered hot and fresh in just 10 minutes, without compromising on quality. Bolt’s operational model optimizes delivery logistics with a smart backend system and a delivery radius of just 2 km, maintaining a balance between speed and quality.
The service has been a huge success, with popular QSR brands such as KFC, McDonald’s, Subway, Faasos, and Burger King already live on the platform, alongside a growing list of local favourites. The efficiency and speed of Bolt’s delivery system, coupled with its commitment to quality, has made it an instant hit with customers across the country.
Moreover, Bolt is proving to be a powerful tool for customer acquisition and retention. New users acquired through Bolt have shown 4-6% higher monthly retention rates compared to the platform’s average. Importantly, Swiggy ensures that delivery partners are not informed that an order is a Bolt delivery, preventing any rush to complete orders faster while ensuring a focus on safety and quality.
Adding to the positive momentum for Swiggy’s stock was a strategic move by its main competitor, Eternal (formerly Zomato). The company announced its exit from the 10-minute food delivery service Quick. As Eternal mentioned in a press release “We are actually shutting down both these initiatives as we are not seeing the path to profitability in these without compromising on customer experience.”
Swiggy’s share price also received a boost in anticipation of its upcoming board meeting scheduled for Friday, May 9, 2025. The board is set to consider and approve the audited financial results for the quarter and financial year ending March 31, 2025.
Disclaimer: The article is for informational purposes only and not investment advice.
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