Is Now a Good Time to Buy Swiggy Stock?

Swiggy’s stock has been on a downward trend, hitting an all-time low of ₹326.10 recently, but it has started to recover slightly. Analysts at Citi have initiated coverage with a positive outlook, suggesting a potential 30% upside. While the company remains unprofitable, its revenue growth, diversification into quick commerce, and strong market position make it an interesting investment opportunity. With the stock trading significantly below its listing price of ₹412, could this be a good time to buy? Or do you think the competition and regulatory risks make it too risky?