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Stock Of The Day: Swiggy Treads With Caution As Q3 Results Pressure Likely To Persist On Rivalry
Swiggy's losses are set to worsen as its rapid delivery unit Instamart’s margins are set to shrink, according to Bloomberg
05 Feb 2025, 12:08 PM IST 
Swiggy shares have found very few takers as the stock has fallen over 30% from its peak on Dec. 23 last year.(Image Source: Mahima Vachhrajani/NDTV Profit)
Shares of India's food delivery platform Swiggy Ltd. tumbled on Wednesday ahead of its third-quarter results as losses are likely to persist amid fierce competition.Swiggy shares have found very few takers as the stock has fallen over 30% from its peak on Dec. 23 last year. The counter is near its issue price of Rs 390 per share after it fell as much as 4.5% to Rs 414.3 apiece. Shares rose soon after it listed on the national bourses...
