Swiggy shares plummet after Q1 net loss doubles on Instamart cash burn
Swiggy’s share price has fallen below its listing price after the food and grocery delivery platform reported that its losses had nearly doubled in the April-June quarter.
The scrip had fallen more than 4% in early trade on Friday, hitting an intraday low of Rs 386.25 per share. It was trading 2% lower at Rs 395.55 on the BSE as of 11:10 AM, with its market cap at Rs 98,636 crore.
