Swiggy shares end down 7% after 25% jump from issue price in two days

Shares of Swiggy rose 25% from its issue price to Rs 489.40 on Day 2 of the stock market debut. The stock made a positive debut on the bourses, listing at a premium of 7.7% on the National Stock Exchange. However, shares closed the day 7.5% lower at Rs 421.60. The issue did get a lot of investor attention after the initial subdued response and the stock closed day 1’s trade with a 17% jump.