Swiggy Shares Plummet: Investors Digest Q3 Losses and Market Volatility

Swiggy (SWIG.NS) shares tumbled as much as 9.7% to ₹330.1 on February 14, 2025, continuing a downward trend that began after disappointing Q3 results. The stock closed down 9% at ₹333.35, marking a significant 25.26% decline over the past month. This sharp drop contrasts with the broader market's minor dip, highlighting investor concerns about Swiggy's widening losses and challenges in the competitive food delivery and quick commerce sectors. Despite a recent "Buy" rating from Citi with a ₹480 price target, the stock remains under pressure as the market reassesses Swiggy's growth prospects and profitability timeline.

 

Sources: MarketsMojo, Moneycontrol, Inc42