Swiggy shares jump 4% after Morgan Stanley reiterates overweight call despite Rs 1,092 crore Q2 loss

Swiggy share price: Swiggy shares saw a 4% jump to Rs 434.50 on Friday. This rise followed Morgan Stanley's 'Overweight' rating. The food delivery company reported a net loss of Rs 1,092 crore for the September quarter. Revenue from operations increased by 54% year-on-year. The quick-commerce segment showed strong growth. Swiggy also plans to raise up to Rs 10,000 crore.