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Swiggy share price slumps over 7%, slips below IPO price
Swiggy share price slumps over 7%, slips below IPO price as Q3 loss widens. Should you buy, sell or hold?
Swiggy share price fell 7.4% after reporting a third-quarter loss of ₹799.08 crore. Total expenses increased significantly, but revenue rose to ₹3,993.06 crore, indicating growth amid competitive pressures and investments in quick-commerce.
Swiggy Shares Plummet Amid Widening Losses
Swiggy shares fell nearly 7% after reporting a consolidated loss of Rs 799.08 crore for the December quarter. Share prices hit a 52-week low, and the firm's market valuation decreased by Rs 5,517.6 crore.
Swiggy shares end 7% lower, brokerage cut target prices
Shares of Swiggy plunged 8% in early trade on Thursday on reporting ₹799 crore loss in the quarter ended December 2024 as against ₹574.3 crore in the corresponding quarter previous year.
9h
on MSN
India's Swiggy slumps to record as quick-delivery push hits margins, deepens loss
Shares of Swiggy plunged about 8% to a record low on Thursday, after the Indian delivery firm's quarterly loss worsened as an ...
The Financial Express
3h
Swiggy, Zomato face rising costs amid slowing growing in food delivery biz
FY25, Zomato’s Blinkit was near break-even, but in Q3, its adjusted Ebitda margins slipped to -1%. Swiggy Instamart’s margins ...
Fortune India
11h
Swiggy shares get hammered for the second day in a row; is everything alright with the foodtech major?
Swiggy shares declined as much as 7.4% to hit its all-time low of ₹387 on the BSE today as Q3 loss widens by 39% to ₹799 ...
11h
on MSN
India's Swiggy hits record low on wider quarterly loss
Shares of Swiggy plunged about 8% a record low on Thursday, after the company reported a wider third-quarter loss hurt by ...
11h
on MSN
'Never helping anyone again': New Swiggy scam surfaces as customer loses Rs 10K to delivery agent's fake accident story
A Swiggy customer, was conned out of Rs 10,000 by a Swiggy delivery agent who faked an accident to gain sympathy and ...
ndtvprofit
13h
Swiggy Q3 Review: Quick Commerce Remains Pain Point As Competition Intensifies
UBS maintained a 'Buy' rating on Swiggy stock with a target price of Rs 510, while Macquarie maintained an 'Underperform' ...
1h
Buy Swiggy; target of Rs 740: ICICI Securities
ICICI Securities is bullish on Swiggy has recommended buy rating on the stock with a target price of Rs 740 in its research ...
India Today on MSN
3h
Man flags 'strange Swiggy delivery' incident involving his girlfriend in Bengaluru
The man, in his now-viral post, claimed that his girlfriend received an unexpected call from a person who said that he was a ...
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