Swiggy tanks 6% on heavy volume, nears record low; Key reasons for fall

Shares of food and grocery delivery platform company, Swiggy, slipped 6 per cent to ₹ 322.10 on the BSE in Friday’s intra-day trade amid heavy volumes. The stock price of the company was trading close to its record low level of ₹ 305.80 touched on April 7, 2025.

At 02:22 pm; Swiggy quoted 5 per cent lower at ₹ 323.50, as compared to 0.45 per cent decline in the BSE Sensex. The average trading volumes at the counter more than doubled; with a combined nearly 5 million equity shares of the company changing hands on the NSE and BSE.