Swiggy Enters The Cauldron

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After a spell of running with the bulls, Swiggy is grappling with bears. The stock fell below its issue price this week and the pre-IPO concerns around overvaluation are finally playing out in the public markets.

On the final day of trading in the week, Swiggy stock fell up to 2.5% to INR 379.20 on the BSE, around 3% below the IPO issue price of INR 390, before ending the week at INR 380.

Despite reporting YoY revenue jump of 31%, Swiggy’s Q3 loss widened to INR 799 Cr, and the company did not exactly show the kind of growth expected on…



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Swiggy Enters The Cauldron


After a spell of running with the bulls, Swiggy is grappling with bears. The stock fell below its issue price this week and the pre-IPO concerns around overvaluation are finally playing out in the public markets.

On the final day of trading in the week, Swiggy stock fell up to 2.5% to INR 379.20 on the BSE, around 3% below the IPO issue price of INR 390, before ending the week at INR 380.

Despite reporting YoY revenue jump of 31%, Swiggy’s Q3 loss widened to INR 799 Cr, and the company did not exactly show the kind of growth expected on…



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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Team SNFYI
Hi! This is Admin.

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