Swiggy tanks 11% post Zomato Q3 results; plunges 31% from December high

Shares of Swiggy, food and grocery delivery platform company, tanked 11 per cent to Rs 427.20 on the BSE in Tuesday’s intra-day trade amid heavy volumes after its peer Zomato reported a muted performance in the December quarter (Q3FY25).

The stock price of Swiggy has corrected 31 per cent from its 52-week high of Rs 617 touched on December 23, 2024. It had hit a 52-week low of Rs 390.70 on its listing day i.e. November 13, 2024. The company issued shares at price of Rs 390 per share in its initial public offering (IPO).