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The selling pressure came as pre-IPO investors and other non-promoter shareholders became eligible to offload their holdings in the open market.
With today’s fresh 52-week low, the stock has now declined 51.86% from its 52-week high of INR 617, recorded on December 23 last year
The slump in Swiggy’s stock also coincided with broader weakness in benchmark indices like the Sensex and Nifty 50
Shares of Swiggy
slumped 7.33% to hit an all-time low of INR 297 apiece on…
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.
The selling pressure came as pre-IPO investors and other non-promoter shareholders became eligible to offload their holdings in the open market.
With today’s fresh 52-week low, the stock has now declined 51.86% from its 52-week high of INR 617, recorded on December 23 last year
The slump in Swiggy’s stock also coincided with broader weakness in benchmark indices like the Sensex and Nifty 50
Shares of Swiggy slumped 7.33% to hit an all-time low of INR 297 apiece on…
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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