FinanceInc42about 2 hours ago
Swiggy Shares Plunge 17% After Q2 Losses
4 min read
Swiggy shares plunged 17.23% to a 52-week low of ₹174.90 on the BSE after Q2 FY27 results showed widening losses at Instamart. Consolidated net loss narrowed 16% YoY to ₹922 Cr, while operating revenue rose 36% YoY to ₹7,571 Cr. Brokerages lowered price targets citing quick commerce concerns.
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