Swiggy back to square one as stock sinks 56% from peak, returns to IPO price. What's ahead?
Swiggy's stock has fallen 56% from its peak, returning to its IPO price of Rs 390. Despite a 54% revenue jump, the company's net loss widened to Rs 1,092 crore in Q2FY26, primarily due to quick commerce expansion. Brokerages remain divided on its future prospects.
Swiggy's stock has fallen 56% from its peak, returning to its IPO price of Rs 390. Despite a 54% revenue jump, the company's net loss widened to Rs 1,092 crore in Q2FY26, primarily due to quick commerce expansion. Brokerages remain divided on its future prospects.
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