<ul><li>Shares of foodtech major Swiggy closed their first trading session at INR 455.95, up 16.91% from the IPO price of INR 390, on the BSE.</li><li>The stock surged 12.93% from the listing price to reach the intraday high of INR 465.30 on the BSE.</li><li>Swiggy's market capitalisation stood at INR 1.02 Lakh Cr ($12.09 Bn) at the end of the session.</li><li>Brokerage firm JM Financial initiated coverage on Swiggy, giving a 'buy' recommendation and setting a price target of INR 470.</li></ul>

Swiggy Shares End First Trading Session 17% Above Issue Price

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