Swiggy Shares Extend Losses For Second Day, Drop 4% To INR 423.20

Swiggy shares fell 3.88% to INR 423.20 during intraday trade on BSE amid broader weakness in food delivery stocks

The decline follows Zomato’s weak Q3 earnings, with Swiggy’s market cap now standing at INR 94,966.13 Cr ($10.97 Bn)

The stock has tanked nearly 13% in the last five trading sessions, trading close to its November listing price of INR 412

Shares of Swiggy dropped 3.88% to hit an intraday low of INR 423.20 apiece on the BSE today (January 22), extending their losses for the second consecutive day.

At 12:06…