Swiggy slips 3%, hits new low; stock tanks 49% from December high

Food and grocery delivery platform company Swiggy’s shares price hit a new low of ₹314.35, falling 3 per cent on the BSE in Thursday’s intraday trade, on expectations of rising losses in the quick commerce business and margins slowdown in the food delivery unit. In the past six trading days, the stock has declined 13 per cent.