How To Buy Swiggy Shares

According to the latest report by RedSeer, the food delivery market in India is expected to grow from $1.2 billion in 2018 to $4 billion by 2021. While Google-backed food delivery app Swiggy has been one of the main beneficiaries of this boom with its extensive network of restaurants and excellent user experience.

So, if you’re looking for new opportunities and want to invest in this booming sector, then you should buy Swiggy shares and become a shareholder of this company. Since it will not only add diversity to your portfolio but also bring lucrative returns over the long term.

But before investing in any stock, you need to know all the risks involved. Thankfully, we have got your back covered on that front as well. In this article, we will explain everything you need to know about buying Swiggy shares at an affordable price and risk-free

Why You Should Buy Swiggy Shares?

There are many reasons why you should buy Swiggy shares.

First, it is one of the hottest stocks in the Indian stock market. So, if you end up buying it, you are likely to have a decent return in the short-term.

Secondly, Swiggy is a multi-bagger potential company. So, if you manage to buy it at an early stage, you can make a huge amount of money by holding onto it for a few years.

Thirdly, it is a safe bet as the food delivery market is one of the fastest-growing industries in India. With the rise of smartphones and improving internet speed, customers have more options to choose from when it comes to food delivery. As a result, the competition is heating up and new players are entering this space every quarter. While the likes of Swiggy, Foodpanda, and Zomato are dominating the market with their superior technology and wider network of restaurants. So, there is no doubt that the competition will increase in the coming years. But, with the kind of brand recognition that Swiggy has created for itself and its high-quality product, it will continue to be a safe bet for the long term.

How To Buy Swiggy Shares?

The first thing you need to do before buying Swiggy shares is to open an demat account. You can do so by visiting the website of your broker. You can also use this link to find the nearest KYC enabled broker.

Once your account is ready, you will be able to buy Swiggy shares easily. Now, once you decide to buy Swiggy shares, you need to first decide on the quantity you want to purchase. Once you do that, you need to decide on the price at which you want to buy it. You can do that by using a scrip dividend option calculator. Once everything is ready, you can go ahead and buy Swiggy shares in three simple steps.

  • First, select the option to buy shares.
  • Next, select the scrip.
  • And finally, enter the quantity, price, and other details. Your trade will be executed as soon as the order is placed so there is no need to worry about it.

Things To Remember Before Buying Swiggy Shares

Once you have decided to buy Swiggy shares, you have to make sure that you are buying it at an affordable price. Otherwise, your trade will turn out to be a loss-making one. There are a few things that you should keep in mind before buying Swiggy shares.

Buy At A Reasonable Price: The easiest way to buy Swiggy shares at an affordable price is by using a scrip dividend calculator. These calculators will help you determine the expected return on your investment as well as the prevailing price of Swiggy shares at any given time.

Make Sure The Break-even Point Is Reasonable: You should also make sure that the break-even point is reasonable. This is the point when your investment ends up making a profit. If the break-even point is too high, there is no point in buying Swiggy shares as it will turn out to be a huge loss-making investment.

Conclusion

This article has explained everything you need to know about buying Swiggy shares at an affordable price and risk-free. So, if you’re looking to diversify your portfolio, then buying Swiggy shares is a good idea.

Now, while you can always buy Swiggy shares directly from the stock exchange, we suggest you go with a trusted broker. These brokers will not only help you buy Swiggy shares at a reasonable price but also provide valuable insights into the market.

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