Swiggy shares slump nearly 6% day after market debut

Shares of newly-listed food delivery and quick commerce major Swiggy declined nearly 6 per cent on day two of trading on Thursday. The stock tumbled 5.72 per cent to Rs 429.85 apiece on the BSE. During the day, it lost 8.18 per cent to Rs 418.65.

On the NSE, shares of the firm ended at Rs 430.70, down 5.54 per cent.

The company’s market valuation eroded by Rs 5,842.35 crore to Rs 96,219.66 crore.