Swiggy shares crack 27% YTD. What’s behind the fall and should you stay invested?

Shares of food delivery major Swiggy have declined 26.75% year-to-date, weighed down by back-to-back weak quarterly results and sustained losses despite solid revenue growth.

The stock has taken a sharp fall, reflecting investor concerns over profitability, aggressive spending, and rising operational costs. Although the stock has recovered partially since then, it continues to trade below key resistance levels.