Swiggy Shares Surge Amid Job Creation Initiative With Ministry of Labour & Employment

Shares of Swiggy, the Indian food and grocery delivery platform, gained significantly in trading on Wednesday after the company's recent strategic venture with the Ministry of Labour & Employment aimed at large-scale job creation.​

Market Performance

On the stock exchange, Swiggy shares price rose by 2% to hit an intra-day high of ₹340.40. Around 11 AM IST, the stock traded at ₹337.35, adding 1.03% from the previous close of ₹333.90.

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Strategic Partnership with the Ministry of Labour & Employment

Swiggy's announcement about signing an MoU (Memorandum of Understanding) with the Ministry of Labour & Employment has led to an encouraging response in the market. Under this arrangement, the two partners expect to generate over 1.2 million jobs over the next two to three years. Such positions will be posted on the government's National Career Service (NCS) portal for better access by job seekers.

"The Ministry of Labour & Employment and Swiggy signed a Memorandum of Understanding (MoU) in New Delhi today, marking a significant step toward strengthening employment linkages in the gig and logistics sector through the National Career Service (NCS) portal. The MoU was signed in the presence of Union Minister of Labour & Employment, Mansukh Mandaviya, and Union Minister of State for Labour & Employment, Shri Shobha Karandlaje," said the Ministry of Labour and Employment in a release on Tuesday, April 15, according to sources from Business Standard.

This programme corresponds to the vision of the government to create job opportunities through public-private partnership. Swiggy, through its wide-ranging delivery network, along with a tremendous tech-based backbone, hopes to make a substantial impact on the entire employment scenario of this country.

Recent Stock Performance

While the stock has rallied today, it has faced many challenges in recent months. Since its listing on the BSE at ₹412 and the NSE at ₹420 on November 13, 2024, the stock has fallen close to 37% year-to-date. Conversely, the benchmark Nifty50 has dropped by just 2% during this period.

The stock reached its 52-week high of ₹617.30 on December 23, 2024, but has been volatile since then, reaching a low of ₹305.80 on April 7, 2025.

Broader Market Context

While Swiggy has recently seen stock movements, the broader environment has been cautious about new-age tech firms. In 2025, companies like Swiggy, Zomato, and Ola Electric look to be the most impacted as investors struggle with external market pressures, higher interest rates, and inflation fears.

Conclusion

Due to Swiggy's proactive steps in joining hands with the government to improve employment opportunities, there has been positive sentiment among investors, which is also evident in the stock's performance today. This is in spite of the market challenges still facing the company; such strategic steps could give the company an edge and keep investor confidence intact for a long time.