Swiggy shares crash 12% to record low: Why is the stock falling so sharply?

Swiggy Shares Plunge After Losses Mount on Intense Competition

Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamart’s adjusted EBITDA loss widened to ₹895 crore from ₹778 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.

Swiggy shares hit 52-week low, down 35% in 1 month- should investors buy the stock after Q2 results? Expert view

Swiggy share price opened at ₹204.90 against its previous close of ₹211.30 and crashed 17.2% to a 52-week low of ₹174.90.

Swiggy shares crash 12% to record low: Why is the stock falling so sharply?

Swiggy shares plunged nearly 12% on Friday to touch a record low. Widening Instamart losses and intense competition sharpened investor concerns over profitability.

Swiggy's stock crashes 12% to record low

Swiggy shares fell nearly 12% on Friday, reaching a record low as investors worried about losses in its Instamart division and intense market competition.

Swiggy's Shares Crash 15% After Results, Market Cap Down 70% In 2 Years

Swiggy had a rough Friday on Dalal Street. Shares of the food delivery and quick commerce major fell as much as 15% intraday...