Swiggy’s shares rose by 6.1% to 520.70 rupees (US$6.06) on Thursday, recovering after a four-day decline.

This increase followed the launch of two new apps aimed at broadening the company’s services.

The first app, ‘Snacc,’ provides 15-minute food delivery in select areas of Bengaluru.

The second app, ‘Pyng,’ serves as a marketplace for professionals like yoga instructors, nutritionists, and life coaches to offer their services.

The developments coincided with brokerage firm Bernstein initiating coverage on Swiggy, assigning an ‘outperform’ rating.

Recent Swiggy developments