Swiggy Shares Crash 11% To 8-Week Low At INR 427.20

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SUMMARY

Shares of foodtech major Swiggy nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE

The decline in Swiggy’s share price came a day after its rival Zomato posted weak Q3 FY25 results, raising concerns among investors

Following the weak set of numbers, brokerages such as Nomura and Jefferies cut their target price for Zomato. The negative sentiment appears to have spilled over to Swiggy

Shares of foodtech major Swiggy nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE…



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Swiggy Shares Crash 11% To 8-Week Low At INR 427.20


SUMMARY

Shares of foodtech major Swiggy nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE

The decline in Swiggy’s share price came a day after its rival Zomato posted weak Q3 FY25 results, raising concerns among investors

Following the weak set of numbers, brokerages such as Nomura and Jefferies cut their target price for Zomato. The negative sentiment appears to have spilled over to Swiggy

Shares of foodtech major Swiggy nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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