Swiggy Hits Fresh 52 Week Low At INR 359 After Q3 Loss Widens 39%

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Swiggy shares crashed almost 6% to INR 359.00, hitting a fresh 52 week low on the BSE today (February 10), a few days after the company reported a 39.1% rise in its consolidated net loss in Q3 of FY25. 

At the current price, the company’s market capitalisation declined to INR 82,795 Cr with more than 1.5 Cr shares exchanging hands by 11:32 AM. 

The foodtech giant’s financial result for the December quarter also led to some brokerages slashing their targets. Brokerage firm Bernstein cut its target price for Swiggy to INR 575 from INR…



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Swiggy Hits Fresh 52 Week Low At INR 359 After Q3 Loss Widens 39%


Swiggy shares crashed almost 6% to INR 359.00, hitting a fresh 52 week low on the BSE today (February 10), a few days after the company reported a 39.1% rise in its consolidated net loss in Q3 of FY25. 

At the current price, the company’s market capitalisation declined to INR 82,795 Cr with more than 1.5 Cr shares exchanging hands by 11:32 AM. 

The foodtech giant’s financial result for the December quarter also led to some brokerages slashing their targets. Brokerage firm Bernstein cut its target price for Swiggy to INR 575 from INR…



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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