Swiggy shares fall 6% in 2 days despite strong Q1 earnings. Should you buy, sell or hold?
Shares of food delivery and quick commerce major Swiggy fell 6% in two days despite the company reporting strong Q1 earnings. On Monday, the shares fell to the day’s low of Rs 277 on BSE.
In a filing with the exchange, the company reported a consolidated net loss of Rs 791 crore for the first quarter of FY27, marking nearly a 34% year-on-year decrease from the Rs 1,197 crore net loss reported in the year-ago period.
