FinanceThe Tech Portalabout 1 hour ago
Swiggy Stock Falls 17% to 52-Week Low
2 min read
Swiggy shares fell 17% to a 52-week low of ₹174.90 on Friday after Q2 FY27 results showed Instamart losses widening to ₹895 crore. While consolidated net loss narrowed 15.6% to ₹922 crore, the quick-commerce arm's contribution margin deteriorated to -1.4%. Analysts from Goldman Sachs, HSBC, CLSA, Bernstein, JPMorgan, and Citi cut target prices, valuing Instamart negatively against profitable rival Blinkit.
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