Swiggy tanks 26% in 6 days, hits new low on weak Q3 operational performance

Shares of Swiggy, food and grocery delivery platform company, hit a new low of Rs 339.45, down 6 per cent on the BSE in Tuesday’s intra-day trade, extending its past 5-day decline, on the back of weak operational performance in the December 2024 (Q3FY25) quarter.

In the last six trading days, the stock tanked 26 per cent, and, shed 45 per cent from its 52-week high of Rs 617 touched on December 23, 2024. Swiggy made its stock market debut on November 13, 2024. Currently, the stock quotes 13 per cent below its issue price of Rs 390 per share.